Marketing support and subcontracted client contracts: no agency permanent establishment under Article 5 DTAA; arm's-length pricing bars profit attribu...
Transfer pricing comparables selection and working capital adjustment u/r 10B(1)(e)(iii), remanded for recomputation with rejected comparables include...
An institution is approved under section 35(1)(ii) of the Income-tax Act, 1961, read with rules 5C and 5E of the Income-tax Rules, 1962, as a "university, college or other institution" for "scientific research" for the purposes of section 35(1)(ii). This approval takes effect from the date of publication in the Official Gazette and applies for Assessment Years 2026-27 to 2030-31, enabling sums paid to the approved institution for scientific research to be considered for deduction under section 35(1)(ii), subject to the Act and applicable rules.
An institution is approved under section 35(1)(ii) of the Income-tax Act, 1961, read with rules 5C and 5E of the Income-tax Rules, 1962, as a "university, college or other institution" for "scientific research" for the purposes of section 35(1)(ii). This approval takes effect from the date of publication in the Official Gazette and applies for Assessment Years 2026-27 to 2030-31, enabling sums paid to the approved institution for scientific research to be considered for deduction under section 35(1)(ii), subject to the Act and applicable rules.
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