Maintainability of a Section 7 insolvency petition against a financial service provider denied; appeal dismissed for non maintainability and complex d...
Provisional attachment under Prevention of Money Laundering Act requires exhaustion of statutory remedies; impugned order set aside, appeal to tribuna...
Restoration of property under Prevention of Money Laundering Act after attachment dispute rendered academic; possession directed to successful resolut...
Goods Transport Agency services via e commerce portals: consignment note creates custody and liability and enables exemption for unregistered recipien...
Deduction under section 80IA concerned the allowability and apportionment of common salary expenses between a power generation unit and a share trading business. The tribunal accepted the salary claimed as debited to profit and loss but held that the allocation between the two businesses should be made by reference to their respective turnover, not a fixed 50:50 split; it set aside the AO's allocation and directed recomputation of the 80IA deduction by apportioning salary in the ratio of turnover. Grounds raised by the assessee were partly allowed.
Deduction under section 80IA concerned the allowability and apportionment of common salary expenses between a power generation unit and a share trading business. The tribunal accepted the salary claimed as debited to profit and loss but held that the allocation between the two businesses should be made by reference to their respective turnover, not a fixed 50:50 split; it set aside the AO's allocation and directed recomputation of the 80IA deduction by apportioning salary in the ratio of turnover. Grounds raised by the assessee were partly allowed.
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