Alternative statutory remedy under GST bars writ challenge where classification, notice variance, and hearing disputes require factual appellate revie...
Duplicate PAN cancellation timeframe requires prior administrative representation before judicial intervention, ensuring a time-bound decision on the ...
Natural justice and pre-CIRP labour awards protect termination compensation, permitting withdrawal of court deposits despite later insolvency resoluti...
Arbitration of SEZ sub-lease monetary claims preserves rent, maintenance, termination, improvements and damages disputes while unused premises are vac...
Scientific research approval grants a research association tax recognition, subject to annual donor reporting, certification, and regulatory complianc...
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The ITAT affirmed that the TPO's finding that specified domestic transactions (SDTs) were at arm's length precluded the AO from making independent ALP adjustments; the AO's selective adoption of the TPO's conclusions was held unsustainable and ground challenging ALP was dismissed. The Tribunal upheld the first appellate authority's application of Rule 8D(2) for section 14A disallowance and its exclusion of section 14A when computing book profits under section 115J. Claims for deduction under section 35(2AB), additional depreciation under section 32(1), and depreciation for prior-year foreign exchange loss were allowed. The AT admitted and upheld the assessee's contention that SHIS and fertilizer subsidy receipts are capital in nature.
The ITAT affirmed that the TPO's finding that specified domestic transactions (SDTs) were at arm's length precluded the AO from making independent ALP adjustments; the AO's selective adoption of the TPO's conclusions was held unsustainable and ground challenging ALP was dismissed. The Tribunal upheld the first appellate authority's application of Rule 8D(2) for section 14A disallowance and its exclusion of section 14A when computing book profits under section 115J. Claims for deduction under section 35(2AB), additional depreciation under section 32(1), and depreciation for prior-year foreign exchange loss were allowed. The AT admitted and upheld the assessee's contention that SHIS and fertilizer subsidy receipts are capital in nature.
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