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 directed deletion of the excess disallowance of aggregate short-term capital loss, holding the correct loss on the listed scrip at Rs.73,26,040 and remitting the issue to the AO for de novo examination with mandatory opportunity of hearing and disclosure of material; the AO was ordered to delete the remainder of the impugned disallowance. Penalty payments aggregating Rs.34,71,274 were held deductible as contractual breach fines, not penalties under law. Disallowance under section 14A read with Rule 8D was deleted for computation of book profits under s.115JB. Subsidies (SHIS/FPS) and proceeds from carbon credits were held to be capital/ non-taxable receipts and excluded from s.115JB book profit.
ITAT directed deletion of the excess disallowance of aggregate short-term capital loss, holding the correct loss on the listed scrip at Rs.73,26,040 and remitting the issue to the AO for de novo examination with mandatory opportunity of hearing and disclosure of material; the AO was ordered to delete the remainder of the impugned disallowance. Penalty payments aggregating Rs.34,71,274 were held deductible as contractual breach fines, not penalties under law. Disallowance under section 14A read with Rule 8D was deleted for computation of book profits under s.115JB. Subsidies (SHIS/FPS) and proceeds from carbon credits were held to be capital/ non-taxable receipts and excluded from s.115JB book profit.
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