Commercial vehicle depreciation, scientifically determined warranty provisions and exempt-income disallowances were resolved in favour of the taxpayer...
Inherited property sale proceeds require capital-gains treatment where ownership is supported by evidence, not suspicion or unverified signature doubt...
Cross-examination of retracted statements is essential where foundational evidence supports a benami allegation and documented funding explanations re...
Capital-goods exemption covers plant-modernisation accessories, while the import restriction applies only to earlier capital-goods components and spar...
Constitutional judicial review permits challenges to ECIRs and connected money-laundering proceedings where coercive action affects fundamental intere...
ITAT held that the final assessment order was void ab initio due to non-compliance with DRP directions under Section 144C(13). The tribunal found the Assessing Officer (AO) did not follow specific procedural requirements, rendering the assessment order invalid. Regarding intra-group services (IGS), the tribunal allowed the assessee's claim, determining that the payments were genuine, made without markup, and benchmarked appropriately. The tribunal emphasized that tax authorities cannot question expenses when transactions are legitimate and serve business purposes. The disallowance of intra-group service charges was consequently deleted, upholding the arm's length principle and rejecting the need for a strict tangible commercial benefit test.
ITAT held that the final assessment order was void ab initio due to non-compliance with DRP directions under Section 144C(13). The tribunal found the Assessing Officer (AO) did not follow specific procedural requirements, rendering the assessment order invalid. Regarding intra-group services (IGS), the tribunal allowed the assessee's claim, determining that the payments were genuine, made without markup, and benchmarked appropriately. The tribunal emphasized that tax authorities cannot question expenses when transactions are legitimate and serve business purposes. The disallowance of intra-group service charges was consequently deleted, upholding the arm's length principle and rejecting the need for a strict tangible commercial benefit test.
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