Handicraft job work receives concessional GST only for registered principals and predominantly handmade goods; commercial resin articles remain taxabl...
Reassessment disclosure requirements permit stated reasons without revealing information sources, but prior-taxation claims require full examination b...
Independent assessment discretion and corroborated electronic evidence determine validity of on-money additions and undisclosed-consideration assessme...
The ITAT addressed multiple taxation issues for the assessee. The tribunal partially allowed deductions under Section 80-IA against gross total income, not restricting it to business income, following Supreme Court precedent in Reliance Energy Limited. Club expenses were allowed based on consistent historical treatment. CSR donation deductions under Section 80G were upheld. The tribunal restored the weighted deduction claim under Section 35(2)(ab) to the AO for fresh consideration, providing an opportunity to submit Form 3CL. Disallowance under Section 14A was dismissed, and transfer pricing adjustments related to power transfer were evaluated based on arm's length pricing methodologies established in prior judicial interpretations.
The ITAT addressed multiple taxation issues for the assessee. The tribunal partially allowed deductions under Section 80-IA against gross total income, not restricting it to business income, following Supreme Court precedent in Reliance Energy Limited. Club expenses were allowed based on consistent historical treatment. CSR donation deductions under Section 80G were upheld. The tribunal restored the weighted deduction claim under Section 35(2)(ab) to the AO for fresh consideration, providing an opportunity to submit Form 3CL. Disallowance under Section 14A was dismissed, and transfer pricing adjustments related to power transfer were evaluated based on arm's length pricing methodologies established in prior judicial interpretations.
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