Employee stock-shortage penalties do not constitute consideration for services, preventing GST collection under Schedule II in employment relationship...
Transfer-pricing treatment of ITeS margins excludes pass-through tax recoveries and separate delayed-receivables interest after working-capital adjust...
Capacity-utilisation adjustments under TNMM can neutralise substantiated COVID-related idle costs where underutilisation materially affects profitabil...
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The HC dismissed the appeal, holding that no substantial question of law arose from the ITAT's order. The ITAT had allowed the assessee's claim for benefits u/ss 11 and 12, and for carrying forward losses for 7 assessment years. The HC found that the appellant had merely disputed factual findings under the guise of substantial questions of law, which is impermissible. The ITAT's order was well-reasoned, without any perversity, after considering all grounds raised by the appellant.
The HC dismissed the appeal, holding that no substantial question of law arose from the ITAT's order. The ITAT had allowed the assessee's claim for benefits u/ss 11 and 12, and for carrying forward losses for 7 assessment years. The HC found that the appellant had merely disputed factual findings under the guise of substantial questions of law, which is impermissible. The ITAT's order was well-reasoned, without any perversity, after considering all grounds raised by the appellant.
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