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...
The HC dismissed further adjournment requests and disposed of four writ petitions, finding no basis to delay adjudication despite an earlier HC order having attained finality. The court directed the respondent (tax authority) to invoke powers under s.119 of the Act and issue a circular extending the due date for filing income-tax returns and statutory audit reports required under clause (a) of Explanation 2 to s.139(1) and other audit provisions for FY 2024-25 (AY 2025-26) to 30.11.2025. All pending applications in the writ proceedings were adjudicated as disposed of accordingly.
The HC dismissed further adjournment requests and disposed of four writ petitions, finding no basis to delay adjudication despite an earlier HC order having attained finality. The court directed the respondent (tax authority) to invoke powers under s.119 of the Act and issue a circular extending the due date for filing income-tax returns and statutory audit reports required under clause (a) of Explanation 2 to s.139(1) and other audit provisions for FY 2024-25 (AY 2025-26) to 30.11.2025. All pending applications in the writ proceedings were adjudicated as disposed of accordingly.
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