Condonation of Delay: Tribunal directed condonation where rectification proceedings were pursued, ordering merits adjudication after opportunity to be...
Restriction of Input Tax Credit under Rule 86A applies only to fraudulently or ineligible availed credit; mere wrongful recipient availment is insuffi...
Page of 4816
Press 'Enter' after typing page number.
5461 to 5480 of 96301 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
Transfer pricing issue: preference share investment was treated as a disguised loan and recharacterised for TP purposes on substance-over-form grounds; DRP/TPO conclusion was affirmed and interest benchmarked accordingly. Disallowance under exempt-income allocation: the assessee's suo motu ad hoc apportionment of employee and overhead costs was rejected as unsupported. Interest disallowance against investments was denied where interest free funds exceeded investments; administrative disallowance to be recomputed per relevant precedent. An additional ground on cost attribution for captive steam was refused; AO correctly attributed full plant cost to electricity, eliminating the 80 IA deduction. Interest deduction for acquisition of control denied for lack of nexus; alternative claim against dividend income rejected. Matters on post retirement medical provision and in house R&D expenditure restored to AO for factual examination; AO directed to consider rectification for foreign tax credit.
Transfer pricing issue: preference share investment was treated as a disguised loan and recharacterised for TP purposes on substance-over-form grounds; DRP/TPO conclusion was affirmed and interest benchmarked accordingly. Disallowance under exempt-income allocation: the assessee's suo motu ad hoc apportionment of employee and overhead costs was rejected as unsupported. Interest disallowance against investments was denied where interest free funds exceeded investments; administrative disallowance to be recomputed per relevant precedent. An additional ground on cost attribution for captive steam was refused; AO correctly attributed full plant cost to electricity, eliminating the 80 IA deduction. Interest deduction for acquisition of control denied for lack of nexus; alternative claim against dividend income rejected. Matters on post retirement medical provision and in house R&D expenditure restored to AO for factual examination; AO directed to consider rectification for foreign tax credit.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4816 
Join Channel 
