Political contribution deductions require genuine transactions; banking records and party registration alone cannot defeat evidence of accommodation e...
Post-death GST liability permits fresh proceedings against legal representatives, while discontinued-business recovery remains limited to the inherite...
Non-confirmation of FEMA seizure prevents adjudicators from overriding pending appellate findings on recorded reasons and suspected foreign asset hold...
Transfer pricing issue concerned royalty paid to an associated enterprise where the adjustment was negated in favour of the taxpayer because the earlier appellate decision in the taxpayer's own case on the same issue precluded fresh adjustment; the assessing officer had relied on a prior TPO finding but the appellate precedent established nil ALP, resulting in relief. Separately, claim for deduction under the industrial/infrastructure undertaking provision for participation in a micro irrigation project was allowed after the taxpayer produced execution copies, invoices, payments and certificates; a typographical error in the agreement party name was held not to defeat entitlement and the revenue failed to rebut the evidence.
Transfer pricing issue concerned royalty paid to an associated enterprise where the adjustment was negated in favour of the taxpayer because the earlier appellate decision in the taxpayer's own case on the same issue precluded fresh adjustment; the assessing officer had relied on a prior TPO finding but the appellate precedent established nil ALP, resulting in relief. Separately, claim for deduction under the industrial/infrastructure undertaking provision for participation in a micro irrigation project was allowed after the taxpayer produced execution copies, invoices, payments and certificates; a typographical error in the agreement party name was held not to defeat entitlement and the revenue failed to rebut the evidence.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
