Charitable trust registration requires a specified-violation notice; settled cash deposits and related-party payments did not justify cancellation or ...
External development charges trigger TDS under section 194C, while disputed administrative payments require factual verification and fresh adjudicatio...
Section 270AA penalty immunity requires identified statutory defaults and a hearing before rejection; reassessment disclosure may constitute under-rep...
Section 80JJAA employee-cost deduction allowed for deployed staff but barred against transfer-pricing income enhancement, with pricing issues remanded...
Transfer-pricing methodology protects commercially genuine associated-enterprise payments, while pre-2016 secondary adjustments and related notional i...
Negative liens over operating assets can constitute international transactions requiring arm's-length pricing reflecting restricted borrowing and expa...
Cross-examination rights in Customs Broker revocation inquiries require witness examination; procedural denial may be cured through fresh adjudication...
The ITAT addressed two key tax issues involving expense disallowance. Regarding bonus expenses under Section 43B, the tribunal directed the Jurisdictional Assessment Officer to allow deductions upon verification of supporting documentary evidence. Concerning interest payments under the MSMED Act, the tribunal found that the CPC's disallowance constituted an improper double disallowance, as the assessee had already self-disallowed the amounts during return filing. The tribunal restored the matter to the assessment officer for appropriate reconsideration, effectively allowing the ground for statistical purposes and preventing redundant tax treatment.
The ITAT addressed two key tax issues involving expense disallowance. Regarding bonus expenses under Section 43B, the tribunal directed the Jurisdictional Assessment Officer to allow deductions upon verification of supporting documentary evidence. Concerning interest payments under the MSMED Act, the tribunal found that the CPC's disallowance constituted an improper double disallowance, as the assessee had already self-disallowed the amounts during return filing. The tribunal restored the matter to the assessment officer for appropriate reconsideration, effectively allowing the ground for statistical purposes and preventing redundant tax treatment.
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