Revisional power in block assessment upheld, undisclosed search income sustained, freight suppression addition restored, accrued lorry hire liability ...
Reassessment and fee-for-technical-services classification: reopening upheld, but certain reimbursements and mobilization charges fell outside treaty ...
Section 80P deduction for co-operative societies remains available despite nominal members and housing society status, with limited interest income tr...
Constructive receipt of salary was held to occur at the place of employment, not at the point of deposit into an Indian NRE account, so salary credited to an NRE account does not constitute 'income received in India' under the governing provision and is not taxable in India on that basis; the tribunal applied the principle from Arvind Singh Chauhan that constructive receipt depends on when the assessee obtains control of funds (real or constructive), and the subsequent remittance or deposit into an Indian bank is an application of income, not its receipt in India.
Constructive receipt of salary was held to occur at the place of employment, not at the point of deposit into an Indian NRE account, so salary credited to an NRE account does not constitute 'income received in India' under the governing provision and is not taxable in India on that basis; the tribunal applied the principle from Arvind Singh Chauhan that constructive receipt depends on when the assessee obtains control of funds (real or constructive), and the subsequent remittance or deposit into an Indian bank is an application of income, not its receipt in India.
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