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...
Page of 4828
Press 'Enter' after typing page number.
161 to 180 of 96556 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
ITAT dismissed revenue's appeal regarding interest payments on booking cancellations, holding such payments were contractual obligations compensatory in nature, not penal, thus allowable under section 37(1). However, ITAT allowed revenue's ground on IBMS and sinking fund charges, ruling these receipts constituted income in absence of evidence regarding refunds or adjustments to customers. ITAT dismissed revenue's grounds on suppressed sales at Meerut Mall project and unaccounted sales, finding additions based on conjecture without substantive evidence. Regarding seized documents, ITAT held burden under section 132(4A) read with section 292C was discharged by assessee, dismissing both substantive and protective additions. ITAT dismissed assessee's ground on delayed PF/ESI contributions following Supreme Court precedent in Checkmate Services. ITAT allowed assessee's ground on undisclosed investment based on seized diary, following its own precedent. ITAT upheld CIT(A)'s direction on section 14A disallowance, limiting computation to investments actually yielding exempt income.
ITAT dismissed revenue's appeal regarding interest payments on booking cancellations, holding such payments were contractual obligations compensatory in nature, not penal, thus allowable under section 37(1). However, ITAT allowed revenue's ground on IBMS and sinking fund charges, ruling these receipts constituted income in absence of evidence regarding refunds or adjustments to customers. ITAT dismissed revenue's grounds on suppressed sales at Meerut Mall project and unaccounted sales, finding additions based on conjecture without substantive evidence. Regarding seized documents, ITAT held burden under section 132(4A) read with section 292C was discharged by assessee, dismissing both substantive and protective additions. ITAT dismissed assessee's ground on delayed PF/ESI contributions following Supreme Court precedent in Checkmate Services. ITAT allowed assessee's ground on undisclosed investment based on seized diary, following its own precedent. ITAT upheld CIT(A)'s direction on section 14A disallowance, limiting computation to investments actually yielding exempt income.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
