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" ?
HC determined two key issues regarding NRI deposit mobilization expenses and pension fund contributions. Expenses incurred for soliciting NRI deposits were held deductible as they were exclusively for Indian business operations, following precedent set in ANZ Grindlays. On pension fund contributions exceeding Section 36(1)(iv) limits, HC distinguished between initial qualifying contributions and additional employer obligations, adopting Exide Industries rationale that statutory limits apply only to regular annual contributions, not supplementary payments meeting broader obligations. Additional contributions beyond prescribed limits remain allowable business expenses. Revenue's appeal dismissed, affirming tribunal's findings in assessee's favor on both counts.
HC determined two key issues regarding NRI deposit mobilization expenses and pension fund contributions. Expenses incurred for soliciting NRI deposits were held deductible as they were exclusively for Indian business operations, following precedent set in ANZ Grindlays. On pension fund contributions exceeding Section 36(1)(iv) limits, HC distinguished between initial qualifying contributions and additional employer obligations, adopting Exide Industries rationale that statutory limits apply only to regular annual contributions, not supplementary payments meeting broader obligations. Additional contributions beyond prescribed limits remain allowable business expenses. Revenue's appeal dismissed, affirming tribunal's findings in assessee's favor on both counts.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
