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 assessee's appeal regarding jewellery seized during search operations. Revenue authorities added value of 690gms unexplained jewellery to assessee's income. CIT(A) granted partial relief allowing 1700gms under CBDT Circular 1916/1994 which permits retention of jewellery up to specified limits: 500gms for married women, 250gms for unmarried women, and 100gms for men, considering customary practices of gifting jewellery as Sthridhan. However, CIT(A) sustained addition for remaining 110gms as assessee failed to establish source despite opportunities. ITAT upheld CIT(A)'s order finding no error in applying circular provisions while maintaining addition for genuinely unexplained jewellery portion where assessee provided no supporting evidence.
ITAT dismissed assessee's appeal regarding jewellery seized during search operations. Revenue authorities added value of 690gms unexplained jewellery to assessee's income. CIT(A) granted partial relief allowing 1700gms under CBDT Circular 1916/1994 which permits retention of jewellery up to specified limits: 500gms for married women, 250gms for unmarried women, and 100gms for men, considering customary practices of gifting jewellery as Sthridhan. However, CIT(A) sustained addition for remaining 110gms as assessee failed to establish source despite opportunities. ITAT upheld CIT(A)'s order finding no error in applying circular provisions while maintaining addition for genuinely unexplained jewellery portion where assessee provided no supporting evidence.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
