Authentication of paper assessment orders upheld, while qualifying repairs, consumables and vendor advance write-offs remain deductible business claim...
Transaction value cannot be rejected solely on non-statutory valuation guidelines without corroborative evidence supporting reassessment of final cust...
Cross-examination rights and corroborated evidence limit customs penalties for misdeclaration in genuine import transactions involving documented clea...
Tariff classification of vehicle gear components follows the specific gearing entry, displacing motor-vehicle parts classification and related liabili...
Page of 4798
Press 'Enter' after typing page number.
621 to 640 of 95955 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
Disallowance of deduction claimed u/s 36(1)(vii) was set aside, allowing bad debts relating to non-rural branches without adjusting against provision for bad and doubtful debts (PBDD) account, since PBDD relates to rural advances only. Addition u/s 14A for expenditure in relation to exempt income to book profit u/s 115JB was dismissed in favor of the assessee. Addition of provisions for wage arrears, ex-gratia, and bonus while computing book profits u/s 115JB was remitted back to the CIT(A) for fresh decision. Disallowance u/s 14A read with Rule 8D was rejected, as dividend income cannot be treated as expenditure. Deduction u/s 36(1)(viia) for rural branches was remitted back to the AO to consider the latest/provisional census. Payments to National Payments Corporation of India and Visa Worldwide for switch charges, ATM charges, and fees were directed to be allowed, following earlier decisions.
Disallowance of deduction claimed u/s 36(1)(vii) was set aside, allowing bad debts relating to non-rural branches without adjusting against provision for bad and doubtful debts (PBDD) account, since PBDD relates to rural advances only. Addition u/s 14A for expenditure in relation to exempt income to book profit u/s 115JB was dismissed in favor of the assessee. Addition of provisions for wage arrears, ex-gratia, and bonus while computing book profits u/s 115JB was remitted back to the CIT(A) for fresh decision. Disallowance u/s 14A read with Rule 8D was rejected, as dividend income cannot be treated as expenditure. Deduction u/s 36(1)(viia) for rural branches was remitted back to the AO to consider the latest/provisional census. Payments to National Payments Corporation of India and Visa Worldwide for switch charges, ATM charges, and fees were directed to be allowed, following earlier decisions.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4798
Join Channel
TaxTMI 
