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 tax authority partially modifies a prior circular regarding consequences of PAN cards becoming inoperative under Rule 114AAA of the Income-tax Rules. It clarifies that no liability shall arise for deductors or collectors to apply higher TDS/TCS rates under sections 206AA/206CC when payments made between April 1, 2024, and July 31, 2025, involve PANs made operative by Aadhaar linkage on or before September 30, 2025, or when payments made on or after August 1, 2025, involve PANs made operative within two months from the end of the payment month. This amendment aims to address grievances where demands were raised for short deduction/collection despite PANs becoming operative within specified timelines. Other applicable provisions of the Income-tax Act remain enforceable.
The tax authority partially modifies a prior circular regarding consequences of PAN cards becoming inoperative under Rule 114AAA of the Income-tax Rules. It clarifies that no liability shall arise for deductors or collectors to apply higher TDS/TCS rates under sections 206AA/206CC when payments made between April 1, 2024, and July 31, 2025, involve PANs made operative by Aadhaar linkage on or before September 30, 2025, or when payments made on or after August 1, 2025, involve PANs made operative within two months from the end of the payment month. This amendment aims to address grievances where demands were raised for short deduction/collection despite PANs becoming operative within specified timelines. Other applicable provisions of the Income-tax Act remain enforceable.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
