Pharmaceutical promotion and transfer-pricing comparability principles limited disallowances, while uncorroborated search allegations and unsupported ...
Business expenditure substantiation supports scrap credits, statutory payments and expense claims, while depreciation requires proof of actual busines...
ITAT resolved a dispute regarding donation deduction under section 80G. The tribunal determined that the assessee's donation was in cash, not in kind, based on evidence of direct equipment order, installation at donee premises, and financial support. The assessee's role was purely financial, without direct involvement in purchase or installation. Following precedent from a coordinate bench and rejecting revenue's contention, the tribunal allowed the assessee's appeal, finding the donation eligible for deduction. Consequently, the penalty levy became academic and was disposed of, effectively vindicating the assessee's claim for tax deduction.
ITAT resolved a dispute regarding donation deduction under section 80G. The tribunal determined that the assessee's donation was in cash, not in kind, based on evidence of direct equipment order, installation at donee premises, and financial support. The assessee's role was purely financial, without direct involvement in purchase or installation. Following precedent from a coordinate bench and rejecting revenue's contention, the tribunal allowed the assessee's appeal, finding the donation eligible for deduction. Consequently, the penalty levy became academic and was disposed of, effectively vindicating the assessee's claim for tax deduction.
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