Transfer pricing adjustments for software services, corporate guarantees, expense characterisation and foreign tax credit affirmed under arm's length ...
Scientific Research approval for Sikshya O Anusandhan under section 35(1)(ii) granted subject to reporting, certification, and compliance requirements...
Denial of TDS credit arose from non-production of relevant documents; tribunal found tax was lawfully deposited and non-production resulted from a bona fide belief, not malafide, and therefore admission of additional evidence was warranted, with the consequence that the evidence should be admitted and considered. The tribunal directed restoration to the assessing officer to permit the assessee to file additional evidence within a prescribed period and ordered the AO, after verification, to allow the TDS credit as per law; grounds allowed for statistical purposes.
Denial of TDS credit arose from non-production of relevant documents; tribunal found tax was lawfully deposited and non-production resulted from a bona fide belief, not malafide, and therefore admission of additional evidence was warranted, with the consequence that the evidence should be admitted and considered. The tribunal directed restoration to the assessing officer to permit the assessee to file additional evidence within a prescribed period and ordered the AO, after verification, to allow the TDS credit as per law; grounds allowed for statistical purposes.
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