Agency in CNG distribution makes outlet operators commission agents, rendering taxable Business Auxiliary Service rather than purchasing goods for res...
Composite inpatient healthcare supply may retain exemption despite MRP medicine billing, while separate taxable sale characterisation remains disputed...
Working-capital adjustment determines whether software-services transfer-pricing margins fall within the statutory tolerance range, eliminating any ad...
Permanent establishment deductions upheld for expatriate salaries, direct costs and trading losses, while head-office costs require fresh classificati...
AO disallowed expenses u/s 14A r.w.r. 8D for shares held as stock-in-trade, but HC held section 14A inapplicable to assessee bank following Maxopp and South Indian Bank. HC upheld amortization of premium on HTM securities and loss from shifting securities from AFS/HFT to HTM portfolio relying on Oriental Bank of Commerce. HC allowed section 43B deduction for contributions to employees' pension fund based on actuarial valuation. HC rejected Revenue's appeal on goodwill from amalgamation following earlier dismissals. No substantial question of law arose.
AO disallowed expenses u/s 14A r.w.r. 8D for shares held as stock-in-trade, but HC held section 14A inapplicable to assessee bank following Maxopp and South Indian Bank. HC upheld amortization of premium on HTM securities and loss from shifting securities from AFS/HFT to HTM portfolio relying on Oriental Bank of Commerce. HC allowed section 43B deduction for contributions to employees' pension fund based on actuarial valuation. HC rejected Revenue's appeal on goodwill from amalgamation following earlier dismissals. No substantial question of law arose.
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