Claim filing format under insolvency inspection rules requires identity details, loss explanation, computation, and notarised verification above the t...
ITAT adjudicated multiple tax-related issues, primarily focusing on transfer pricing and income computation. The Tribunal rejected the Transfer Pricing Officer's Cost Plus Method (CPM) for benchmarking international transactions, following precedent from previous years. The Tribunal upheld the disallowance of double deduction arising from actuarial valuation gain, sustaining the Revenue's position. Regarding project provision cost, the Tribunal dismissed the Revenue's appeal, maintaining the Commissioner of Income Tax (Appeals) original finding. The decision comprehensively addressed technical tax computation matters, predominantly favoring procedural and methodological consistency in income assessment.
ITAT adjudicated multiple tax-related issues, primarily focusing on transfer pricing and income computation. The Tribunal rejected the Transfer Pricing Officer's Cost Plus Method (CPM) for benchmarking international transactions, following precedent from previous years. The Tribunal upheld the disallowance of double deduction arising from actuarial valuation gain, sustaining the Revenue's position. Regarding project provision cost, the Tribunal dismissed the Revenue's appeal, maintaining the Commissioner of Income Tax (Appeals) original finding. The decision comprehensively addressed technical tax computation matters, predominantly favoring procedural and methodological consistency in income assessment.
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