Charitable trust registration requires a specified-violation notice; settled cash deposits and related-party payments did not justify cancellation or ...
External development charges trigger TDS under section 194C, while disputed administrative payments require factual verification and fresh adjudicatio...
Section 270AA penalty immunity requires identified statutory defaults and a hearing before rejection; reassessment disclosure may constitute under-rep...
Section 80JJAA employee-cost deduction allowed for deployed staff but barred against transfer-pricing income enhancement, with pricing issues remanded...
Transfer-pricing methodology protects commercially genuine associated-enterprise payments, while pre-2016 secondary adjustments and related notional i...
Negative liens over operating assets can constitute international transactions requiring arm's-length pricing reflecting restricted borrowing and expa...
Cross-examination rights in Customs Broker revocation inquiries require witness examination; procedural denial may be cured through fresh adjudication...
Direct tax collection for 2024-25 fiscal narrowly achieved target, reaching Rs 22.26 lakh crore with 13.57% growth. Despite issuing record refunds of Rs 4,76,743 crore (26.04% increase), net collections were 100.78% of initial budget target. Corporate tax net collection grew 8.30% to Rs 9,86,719 crore, while non-corporate tax net collection increased 17% to Rs 11,82,875 crore. Tax buoyancy factor improved marginally from 1.54 to 1.57, indicating stable revenue performance relative to GDP growth. Provisional figures suggest potential minor adjustments may occur during final reconciliation.
Direct tax collection for 2024-25 fiscal narrowly achieved target, reaching Rs 22.26 lakh crore with 13.57% growth. Despite issuing record refunds of Rs 4,76,743 crore (26.04% increase), net collections were 100.78% of initial budget target. Corporate tax net collection grew 8.30% to Rs 9,86,719 crore, while non-corporate tax net collection increased 17% to Rs 11,82,875 crore. Tax buoyancy factor improved marginally from 1.54 to 1.57, indicating stable revenue performance relative to GDP growth. Provisional figures suggest potential minor adjustments may occur during final reconciliation.
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