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...
Governmental authority status supports construction-service exemption, while pre-cutoff contract and stamp-duty compliance requires verification on re...
Automated Free Sale and Commerce Certificates enable paperless processing while retaining risk-based manual verification for selected exporter applica...
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ITAT restored matter to AO for re-computation of deduction u/s 80P regarding interest from bank investments. Following precedent in Cooperative Cane Development Union case, tribunal determined investments compliant with U.P. Cooperative Societies Act sections 58 and 59 and Rule 173 are attributable to cooperative society's business. Provident fund interest earnings, being held in custodial capacity for employees and not constituting direct society income, were deemed non-taxable. The tribunal directed comprehensive reassessment of deduction eligibility, emphasizing statutory compliance and proper characterization of investment income.
ITAT restored matter to AO for re-computation of deduction u/s 80P regarding interest from bank investments. Following precedent in Cooperative Cane Development Union case, tribunal determined investments compliant with U.P. Cooperative Societies Act sections 58 and 59 and Rule 173 are attributable to cooperative society's business. Provident fund interest earnings, being held in custodial capacity for employees and not constituting direct society income, were deemed non-taxable. The tribunal directed comprehensive reassessment of deduction eligibility, emphasizing statutory compliance and proper characterization of investment income.
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