Transfer pricing comparability requires functional alignment, reliable financial data, and careful review of working capital and receivables adjustmen...
Transfer pricing rules require benchmarking corporate guarantees and associated-enterprise advances, while invalid domestic-transaction adjustments ca...
Prospective sugar export prohibition required registered letters of credit; private contracts and export quotas created no enforceable continuation ri...
The Delhi HC in PCIT vs. Inderjit Singh Sodhi HUF held that interest, whether on compensation or enhanced compensation received on acquisition of land u/ss 28 or 34 of the Land Acquisition Act, 1894, shall be taxable as 'Income from Other Sources' u/s 56(2)(viii), distinguishing the SC's decision in CIT vs. Ghanshyam HUF and concurring with the P&H HC's ruling in Mahender Pal Narang vs. CBDT on the amended provisions of Section 56(2).
The Delhi HC in PCIT vs. Inderjit Singh Sodhi HUF held that interest, whether on compensation or enhanced compensation received on acquisition of land u/ss 28 or 34 of the Land Acquisition Act, 1894, shall be taxable as 'Income from Other Sources' u/s 56(2)(viii), distinguishing the SC's decision in CIT vs. Ghanshyam HUF and concurring with the P&H HC's ruling in Mahender Pal Narang vs. CBDT on the amended provisions of Section 56(2).
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