Charitable trust registration requires a specified-violation notice; settled cash deposits and related-party payments did not justify cancellation or ...
External development charges trigger TDS under section 194C, while disputed administrative payments require factual verification and fresh adjudicatio...
Section 270AA penalty immunity requires identified statutory defaults and a hearing before rejection; reassessment disclosure may constitute under-rep...
Section 80JJAA employee-cost deduction allowed for deployed staff but barred against transfer-pricing income enhancement, with pricing issues remanded...
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...
ITAT adjudicated a tax dispute regarding TDS credit on property sale by legal heirs. The tribunal held that where entire sale proceeds were deposited in the assessee's account with TDS deducted in her name, and she discharged capital gains tax liability for all co-owners, full TDS credit must be granted. The tribunal interpreted Rule 37BA(2) and Section 199 to mandate credit to the person with TDS deduction, particularly when income was correctly assessed and tax paid by co-owners. Technical objections were rejected, and the assessee's appeal was allowed, ensuring equitable tax treatment across joint property owners.
ITAT adjudicated a tax dispute regarding TDS credit on property sale by legal heirs. The tribunal held that where entire sale proceeds were deposited in the assessee's account with TDS deducted in her name, and she discharged capital gains tax liability for all co-owners, full TDS credit must be granted. The tribunal interpreted Rule 37BA(2) and Section 199 to mandate credit to the person with TDS deduction, particularly when income was correctly assessed and tax paid by co-owners. Technical objections were rejected, and the assessee's appeal was allowed, ensuring equitable tax treatment across joint property owners.
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