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...
ITAT determined that a registered charitable trust's income should be taxed at normal rates rather than maximum marginal rates, despite undefined trustee shares. While Sec 167B(1) mandates maximum marginal rates for associations of persons or bodies with indeterminate member shares, this applies only to non-company and non-cooperative society entities. The tribunal held that registered charitable trusts engaged in charitable activities per trust deed constitute a distinct category warranting normal tax treatment. The CIT(A)'s order was set aside, directing revenue authorities to recalculate tax liability using normal rates, providing relief to the appellant trust.
ITAT determined that a registered charitable trust's income should be taxed at normal rates rather than maximum marginal rates, despite undefined trustee shares. While Sec 167B(1) mandates maximum marginal rates for associations of persons or bodies with indeterminate member shares, this applies only to non-company and non-cooperative society entities. The tribunal held that registered charitable trusts engaged in charitable activities per trust deed constitute a distinct category warranting normal tax treatment. The CIT(A)'s order was set aside, directing revenue authorities to recalculate tax liability using normal rates, providing relief to the appellant trust.
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