Transfer-pricing treatment of ITeS margins excludes pass-through tax recoveries and separate delayed-receivables interest after working-capital adjust...
Capacity-utilisation adjustments under TNMM can neutralise substantiated COVID-related idle costs where underutilisation materially affects profitabil...
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...
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ITAT determined key issues regarding income from house property and maintenance charges. The tribunal held that maintenance charges for specific services like security, housekeeping, and infrastructure maintenance should be classified as business income under section 44AD, not income from house property. For the Purvankara Flat, the property was deemed let out under section 23(1)(c), with annual value calculated based on fair rental value since the property remained vacant and was not self-occupied. The AO's assessment of annual value using municipal/fair rental value was upheld. Maintenance charges were directed to be accepted as business income, while the deemed let-out property's valuation was confirmed, partially allowing the assessee's appeal and partially dismissing other grounds.
ITAT determined key issues regarding income from house property and maintenance charges. The tribunal held that maintenance charges for specific services like security, housekeeping, and infrastructure maintenance should be classified as business income under section 44AD, not income from house property. For the Purvankara Flat, the property was deemed let out under section 23(1)(c), with annual value calculated based on fair rental value since the property remained vacant and was not self-occupied. The AO's assessment of annual value using municipal/fair rental value was upheld. Maintenance charges were directed to be accepted as business income, while the deemed let-out property's valuation was confirmed, partially allowing the assessee's appeal and partially dismissing other grounds.
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