Charitable trust registration requires a specified-violation notice; settled cash deposits and related-party payments did not justify cancellation or ...
External development charges trigger TDS under section 194C, while disputed administrative payments require factual verification and fresh adjudicatio...
Section 270AA penalty immunity requires identified statutory defaults and a hearing before rejection; reassessment disclosure may constitute under-rep...
Characterisation of software expenditure focused on whether payments were capital or revenue; the payments were held to be recurring annual maintenance, database support and licence renewal costs conferring only annual benefits, with no transfer of ownership, no creation of a software asset or enduring benefit to the assessee's asset base. The assessing officer failed to produce cogent material showing a capital asset arose. Operative effect: the payments were treated as revenue expenditure and allowable under income-tax deductibility principles, leading to deletion of the addition and dismissal of the revenue appeal.
Characterisation of software expenditure focused on whether payments were capital or revenue; the payments were held to be recurring annual maintenance, database support and licence renewal costs conferring only annual benefits, with no transfer of ownership, no creation of a software asset or enduring benefit to the assessee's asset base. The assessing officer failed to produce cogent material showing a capital asset arose. Operative effect: the payments were treated as revenue expenditure and allowable under income-tax deductibility principles, leading to deletion of the addition and dismissal of the revenue appeal.
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