Political contribution deductions require genuine transactions; banking records and party registration alone cannot defeat evidence of accommodation e...
Post-death GST liability permits fresh proceedings against legal representatives, while discontinued-business recovery remains limited to the inherite...
Non-confirmation of FEMA seizure prevents adjudicators from overriding pending appellate findings on recorded reasons and suspected foreign asset hold...
The ITAT dismissed the Revenue's appeal and upheld the order of the CIT(A). On transfer pricing, the Tribunal followed its own decisions in the assessee's earlier assessment years, holding that no further upward adjustment was warranted in respect of the corporate guarantee fee/commission charged on guarantees provided to AEs, there being no change in facts or law. On MEIS receipts, the ITAT affirmed the CIT(A)'s treatment of such receipts as capital in nature, relying on its prior orders in the assessee's own case and aligned with SC jurisprudence, and therefore declined to interfere with the relief granted.
The ITAT dismissed the Revenue's appeal and upheld the order of the CIT(A). On transfer pricing, the Tribunal followed its own decisions in the assessee's earlier assessment years, holding that no further upward adjustment was warranted in respect of the corporate guarantee fee/commission charged on guarantees provided to AEs, there being no change in facts or law. On MEIS receipts, the ITAT affirmed the CIT(A)'s treatment of such receipts as capital in nature, relying on its prior orders in the assessee's own case and aligned with SC jurisprudence, and therefore declined to interfere with the relief granted.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
