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" ?
The ITAT allowed deduction under Section 37 for education expenses sponsored for director's children, following precedent that educational sponsorship in business-relevant disciplines qualifies as valid business expenditure. Regarding bad debts, write-off was permitted under Section 36(1)(vii) without proving irrecoverability. On Section 14A disallowance, matter remitted to AO for fresh consideration per prevailing law. Computer peripherals including UPS qualified for 60% depreciation rate as integral computer components. Duty credit scripts addition dismissed as amounts were already offered for taxation. The tribunal's ruling largely favored the assessee, upholding CIT(A)'s findings on multiple grounds while remanding Section 14A computation for fresh assessment.
The ITAT allowed deduction under Section 37 for education expenses sponsored for director's children, following precedent that educational sponsorship in business-relevant disciplines qualifies as valid business expenditure. Regarding bad debts, write-off was permitted under Section 36(1)(vii) without proving irrecoverability. On Section 14A disallowance, matter remitted to AO for fresh consideration per prevailing law. Computer peripherals including UPS qualified for 60% depreciation rate as integral computer components. Duty credit scripts addition dismissed as amounts were already offered for taxation. The tribunal's ruling largely favored the assessee, upholding CIT(A)'s findings on multiple grounds while remanding Section 14A computation for fresh assessment.
Note: It is a system-generated summary and is for quick reference only.