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...
Functional comparability governs software-service benchmarking: dissimilar companies are excluded, while related-party filters, margins and working-ca...
Amendments to Rule 2DCA of the Income-tax Rules revise transitional year references used in computing minimum investment and exempt income under clause (23FE) of section 10 of the Income-tax Act, replacing 2024-25/2025-26 with 2030-31/2031-32 and substituting 2024 with 2030 in specified clauses and provisos; the changes take effect from their publication in the Official Gazette and alter multiple sub-rules and explanations that determine the temporal application of the exemption calculations.
Amendments to Rule 2DCA of the Income-tax Rules revise transitional year references used in computing minimum investment and exempt income under clause (23FE) of section 10 of the Income-tax Act, replacing 2024-25/2025-26 with 2030-31/2031-32 and substituting 2024 with 2030 in specified clauses and provisos; the changes take effect from their publication in the Official Gazette and alter multiple sub-rules and explanations that determine the temporal application of the exemption calculations.
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