TNMM functional comparability requires excluding rice manufacturers from a pure Basmati rice trader's benchmark and recognising operating export recei...
Working-capital adjustment subsumes delayed-receivable effects in TNMM benchmarking of captive software-development services, avoiding separate notion...
Transfer-pricing comparability requires exclusion of financially illogical super-profit comparables and correction of unsupported annual-report and ma...
Charitable character assessment preserves Section 80G approval despite inclusive spiritual teachings and incidental religious expenditure within the s...
Penalty proceedings for cash-loan acceptance require assessment proceedings and recorded Assessing Officer satisfaction; absent these, the proceedings...
Functional comparability governs software-service benchmarking: dissimilar companies are excluded, while related-party filters, margins and working-ca...
ITAT set aside CIT(E)'s order rejecting trust's registration u/s 12A(1)(ac)(iii). The tribunal found insufficient examination of trust's charitable activities, including medical relief expenditure and conference expenses. The case was remanded for fresh consideration, directing CIT(E) to provide reasonable opportunity to the assessee and conduct thorough factual verification of trust's objectives, donor details, and claimed charitable purposes before making a final determination on registration eligibility.
ITAT set aside CIT(E)'s order rejecting trust's registration u/s 12A(1)(ac)(iii). The tribunal found insufficient examination of trust's charitable activities, including medical relief expenditure and conference expenses. The case was remanded for fresh consideration, directing CIT(E) to provide reasonable opportunity to the assessee and conduct thorough factual verification of trust's objectives, donor details, and claimed charitable purposes before making a final determination on registration eligibility.
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