Natural justice in insolvency-professional discipline requires disclosed material; notices based on extraneous material and ignored defences are vitia...
Development rights transfers treated as immovable property, while construction abatement applies and repeated non-payment permits extended service-tax...
Income Disclosure Scheme immunity and search-material requirements barred further share-transaction additions in unabated assessments under section 15...
ITAT allowed the assessee's appeal, finding no tax deduction at source (TDS) required for reimbursement expenses to Crisil Limited. The tribunal determined that most payments were business-related and not subject to TDS. A Chartered Accountant's certification in Form 26A confirmed Crisil Limited had included the receipts in its total income, paid appropriate taxes, and filed income returns. Consequently, no disallowance under Section 40(a)(ia) was permissible, with the tribunal specifically noting the service tax component was exempt from TDS per CBDT Circular guidelines. The appeal was consequently allowed in full.
ITAT allowed the assessee's appeal, finding no tax deduction at source (TDS) required for reimbursement expenses to Crisil Limited. The tribunal determined that most payments were business-related and not subject to TDS. A Chartered Accountant's certification in Form 26A confirmed Crisil Limited had included the receipts in its total income, paid appropriate taxes, and filed income returns. Consequently, no disallowance under Section 40(a)(ia) was permissible, with the tribunal specifically noting the service tax component was exempt from TDS per CBDT Circular guidelines. The appeal was consequently allowed in full.
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