Governmental authority status supports construction-service exemption, while pre-cutoff contract and stamp-duty compliance requires verification on re...
Automated Free Sale and Commerce Certificates enable paperless processing while retaining risk-based manual verification for selected exporter applica...
Employee stock-shortage penalties do not constitute consideration for services, preventing GST collection under Schedule II in employment relationship...
Transfer pricing dispute over use of TNMM: tribunal excluded specified comparables (Eclerx Services, Infosys BPO, Accentia) due to functional dissimilarity, directing AO/TPO to revise comparable set. Deduction claims under Section 10A: UB Plaza unit allowed as change of ownership by slump sale does not by itself defeat eligibility (CBDT Circular No.1/2013 noted); Titanium STPI unit remitted to AO for fresh factual and documentary verification and allocation of eligible profits if treated as expansion; STPI unit acquired from Reuters to be allowed. Claims on goodwill depreciation remitted for de novo AO verification; depreciation on software not hit by withholding provisions as it is an allowance, not revenue expenditure.
Transfer pricing dispute over use of TNMM: tribunal excluded specified comparables (Eclerx Services, Infosys BPO, Accentia) due to functional dissimilarity, directing AO/TPO to revise comparable set. Deduction claims under Section 10A: UB Plaza unit allowed as change of ownership by slump sale does not by itself defeat eligibility (CBDT Circular No.1/2013 noted); Titanium STPI unit remitted to AO for fresh factual and documentary verification and allocation of eligible profits if treated as expansion; STPI unit acquired from Reuters to be allowed. Claims on goodwill depreciation remitted for de novo AO verification; depreciation on software not hit by withholding provisions as it is an allowance, not revenue expenditure.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
