Functional comparability governs selection of support-service and IT-enabled service comparables, with verification required for unresolved data and m...
Bank account freezing requires statutory authority; anti-money-laundering compliance and KYC monitoring do not permit unilateral indefinite restrictio...
ITAT remanded the case back to CIT(A) regarding income from other sources calculation. The tribunal identified an unresolved discrepancy between the assessee's claimed 5.28% and the proposed 15% addition of capital grants and subsidies. The CIT(A) was directed to re-examine the income classification, provide a detailed analysis of the income source, and ensure the assessee receives a fair hearing in accordance with principles of natural justice. The matter requires further adjudication to determine the precise tax treatment of the contested income sources.
ITAT remanded the case back to CIT(A) regarding income from other sources calculation. The tribunal identified an unresolved discrepancy between the assessee's claimed 5.28% and the proposed 15% addition of capital grants and subsidies. The CIT(A) was directed to re-examine the income classification, provide a detailed analysis of the income source, and ensure the assessee receives a fair hearing in accordance with principles of natural justice. The matter requires further adjudication to determine the precise tax treatment of the contested income sources.
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