SEZ-unit profit deduction covers voluntary transfer-pricing adjustments, while exempt-income costs, foreign-exchange loss and ITeS comparables are exa...
Infrastructure-development deduction remains available to EPC contractors when substantive statutory conditions outweigh contractor labels in agreemen...
Explained Investment Sources: documented gifts and traceable salary savings supported deletion of additions for property and mutual-fund SIP investmen...
Internal comparable pricing supports arm's-length interest on compulsorily convertible debentures, preventing their recharacterisation as equity for t...
The AT partially allowed the appeal, finding procedural defects in the provisional attachment order (PAO) for a specific property. The tribunal determined that the PAO was issued after amendments to PMLA incorporating Prevention of Corruption Act provisions, thus not retrospectively invalid. However, the order was set aside due to failure to issue show cause notice (SCN) to the co-owner as mandated under Section 8(1) of PMLA. Consequently, the PAO for the specific flat at Patel Nagar was quashed, with the attachment order being declared invalid for procedural non-compliance.
The AT partially allowed the appeal, finding procedural defects in the provisional attachment order (PAO) for a specific property. The tribunal determined that the PAO was issued after amendments to PMLA incorporating Prevention of Corruption Act provisions, thus not retrospectively invalid. However, the order was set aside due to failure to issue show cause notice (SCN) to the co-owner as mandated under Section 8(1) of PMLA. Consequently, the PAO for the specific flat at Patel Nagar was quashed, with the attachment order being declared invalid for procedural non-compliance.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4879 
