Donor-directed corpus contributions retain capital character despite exemption claims under section 10(23C)(vi), preventing their treatment as taxable...
Enhanced tax-audit threshold applies where banking records establish compliant non-cash receipts and payments, eliminating penalty exposure for audit ...
Transfer pricing consistency protects identical non-interest-bearing debenture terms from a later notional-interest adjustment without valid statutory...
Rectification of debatable deduction claims cannot reverse scrutiny-approved co-operative society interest income deductions as apparent record errors...
Cash-method accounting bars presumptive interest taxation, while unsupported securities and share-trading additions require reliable material and veri...
Petitioner's writ petition allowed, setting aside FAA's order dismissing appeal. If petitioner cures defects pointed out by Appellate Authority within one week from receipt of HC judgment, appeal shall be restored and disposed on merits by Appellate Authority. Failure to cure defects within one week will result in appeal's dismissal as per Appellate Authority's earlier order.
Petitioner's writ petition allowed, setting aside FAA's order dismissing appeal. If petitioner cures defects pointed out by Appellate Authority within one week from receipt of HC judgment, appeal shall be restored and disposed on merits by Appellate Authority. Failure to cure defects within one week will result in appeal's dismissal as per Appellate Authority's earlier order.
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