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...
ITAT upheld the CIT(A)'s determinations largely in favour of the assessee, dismissing the revenue's grounds of appeal. The Tribunal directed the AO to allow TDS credit pro rata to the extent income was recognised in the relevant year, confirmed deletion of additions relating to bogus discounts, post-sales discounts, reverse charge service tax, bad-debts write-offs, provisions for spare parts, obsolescence and various purchase/service disallowances, and allowed specified business expenditures and depreciation claims. ITAT remitted certain accrual entries for AO verification and directed deletion of challenged additions where evidence established expense genuineness or prior taxation, ordering consequential adjustments.
ITAT upheld the CIT(A)'s determinations largely in favour of the assessee, dismissing the revenue's grounds of appeal. The Tribunal directed the AO to allow TDS credit pro rata to the extent income was recognised in the relevant year, confirmed deletion of additions relating to bogus discounts, post-sales discounts, reverse charge service tax, bad-debts write-offs, provisions for spare parts, obsolescence and various purchase/service disallowances, and allowed specified business expenditures and depreciation claims. ITAT remitted certain accrual entries for AO verification and directed deletion of challenged additions where evidence established expense genuineness or prior taxation, ordering consequential adjustments.
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