Handicraft job work receives concessional GST only for registered principals and predominantly handmade goods; commercial resin articles remain taxabl...
Reassessment disclosure requirements permit stated reasons without revealing information sources, but prior-taxation claims require full examination b...
Independent assessment discretion and corroborated electronic evidence determine validity of on-money additions and undisclosed-consideration assessme...
Transfer pricing adjustment on royalty payment to an AE was sustained by the DRP by adopting an arm's length royalty rate of 53% based on an earlier APA; however, since the taxpayer had executed a unilateral APA with CBDT covering the royalty transaction and had filed a modified return enhancing income accordingly, the AO was directed to give effect to the APA and reframe the order. Deduction under s. 80G for donations forming part of CSR spend was disallowed on grounds of invalid donation certificates and impermissible double benefit, but applying binding and coordinate precedents, s. 80G deduction was held allowable notwithstanding CSR claim, and the disallowance was deleted. - ITAT
Transfer pricing adjustment on royalty payment to an AE was sustained by the DRP by adopting an arm's length royalty rate of 53% based on an earlier APA; however, since the taxpayer had executed a unilateral APA with CBDT covering the royalty transaction and had filed a modified return enhancing income accordingly, the AO was directed to give effect to the APA and reframe the order. Deduction under s. 80G for donations forming part of CSR spend was disallowed on grounds of invalid donation certificates and impermissible double benefit, but applying binding and coordinate precedents, s. 80G deduction was held allowable notwithstanding CSR claim, and the disallowance was deleted. - ITAT
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