Certificate-of-origin verification procedure governs preferential customs benefits; denial without retroactive verification was set aside with consequ...
Disciplinary Committee jurisdiction and mandatory investigation requirements invalidated cancellation of an insolvency professional's registration and...
Retention of seized property survives where recorded reasons support proceeds of crime, while stayed investigation periods are excluded from limitatio...
Specified income of Baddi Barotiwala Nalagarh Development Authority receives conditional tax exemption, retrospectively covering its designated assess...
Specified development authority income receives retrospective tax exemption, subject to non-commercial activity, unchanged income sources, and return-...
Unified Brand India framework introduces voluntary Trust Mark certification and funding support for export branding, packaging and global promotional ...
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.
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