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...
TNMM functional comparability requires excluding rice manufacturers from a pure Basmati rice trader's benchmark and recognising operating export recei...
Working-capital adjustment subsumes delayed-receivable effects in TNMM benchmarking of captive software-development services, avoiding separate notion...
Transfer-pricing comparability requires exclusion of financially illogical super-profit comparables and correction of unsupported annual-report and ma...
Charitable character assessment preserves Section 80G approval despite inclusive spiritual teachings and incidental religious expenditure within the s...
Penalty proceedings for cash-loan acceptance require assessment proceedings and recorded Assessing Officer satisfaction; absent these, the proceedings...
Page of 4828
Press 'Enter' after typing page number.
161 to 180 of 96556 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
ITAT denied exemption u/ss 11/12 to the society for failing to file income tax return as mandated by section 12A(1)(b). Despite non-filing of return, ITAT directed allowance of depreciation on fixed assets under Explanation 5 to section 32(1), subject to verification of conditions. The tribunal rejected society's claim regarding enhancement of income by CIT(A), holding that using net income/surplus from Income and Expenditure Account for tax computation did not constitute enhancement. The appeal was partially allowed only on depreciation claim while other grounds were dismissed. CIT(A)'s computation methodology using society's disclosed surplus was upheld as valid basis for income determination.
ITAT denied exemption u/ss 11/12 to the society for failing to file income tax return as mandated by section 12A(1)(b). Despite non-filing of return, ITAT directed allowance of depreciation on fixed assets under Explanation 5 to section 32(1), subject to verification of conditions. The tribunal rejected society's claim regarding enhancement of income by CIT(A), holding that using net income/surplus from Income and Expenditure Account for tax computation did not constitute enhancement. The appeal was partially allowed only on depreciation claim while other grounds were dismissed. CIT(A)'s computation methodology using society's disclosed surplus was upheld as valid basis for income determination.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
