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...
Adjustment under s.143(1)(a) reducing depreciation on goods carriage vehicles from 30% to 15% was invalid because only arithmetical errors or incorrect claims apparent from the return can be adjusted, whereas the applicable depreciation rate is a debatable matter requiring examination beyond the limited, mechanical scope of processing. On merits, higher depreciation at 30% was allowable for goods carriage vehicles run on hire, including vehicles used in the assessee's transportation business for carrying goods on hire, consistent with settled law. Consequently, the disallowance/addition made while processing the return was directed to be deleted and the appeal was allowed. - ITAT
Adjustment under s.143(1)(a) reducing depreciation on goods carriage vehicles from 30% to 15% was invalid because only arithmetical errors or incorrect claims apparent from the return can be adjusted, whereas the applicable depreciation rate is a debatable matter requiring examination beyond the limited, mechanical scope of processing. On merits, higher depreciation at 30% was allowable for goods carriage vehicles run on hire, including vehicles used in the assessee's transportation business for carrying goods on hire, consistent with settled law. Consequently, the disallowance/addition made while processing the return was directed to be deleted and the appeal was allowed. - ITAT
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