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...
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The ITAT adjudicated on unexplained cash deposits under section 69A read with section 115BBE during the demonetization period involving an assessee from an agriculturist family with income solely from agriculture. Considering the cash disclosed in the 'J' Form, agricultural produce sales outside the mandi, and reasonable expenses from April to October 2016, the tribunal held that Rs. 8 lakh of the total Rs. 9.5 lakh bank deposit on 15.11.2016 was justifiably available to the assessee. Consequently, the addition was restricted to Rs. 1.5 lakh. The appeal was partly allowed, granting the assessee relief by reducing the addition to income on account of unexplained cash deposits.
The ITAT adjudicated on unexplained cash deposits under section 69A read with section 115BBE during the demonetization period involving an assessee from an agriculturist family with income solely from agriculture. Considering the cash disclosed in the 'J' Form, agricultural produce sales outside the mandi, and reasonable expenses from April to October 2016, the tribunal held that Rs. 8 lakh of the total Rs. 9.5 lakh bank deposit on 15.11.2016 was justifiably available to the assessee. Consequently, the addition was restricted to Rs. 1.5 lakh. The appeal was partly allowed, granting the assessee relief by reducing the addition to income on account of unexplained cash deposits.
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