Infrastructure facility: energy-efficient public lighting held integral to road projects, qualifying the operator as a developer and eligible for dedu...
Fourth Proviso to Section 153A: extended-period inquiry requires a reasonable, material-based satisfaction that escaped income likely exceeds the thre...
Disallowance of remuneration to directors and relatives under section 40A(2)(b) was deleted because the Assessing Officer did not benchmark the payment against fair market value and relied instead on an earlier-year comparison and an arbitrary 10% increase, despite accepted past scrutiny assessments and undisputed services. The Tribunal also upheld allowance of foreign travel expenditure, finding no Rule 46A breach where the travel details had already been filed and no evidence showed absence of business purpose. The revenue's appeal was dismissed.
Disallowance of remuneration to directors and relatives under section 40A(2)(b) was deleted because the Assessing Officer did not benchmark the payment against fair market value and relied instead on an earlier-year comparison and an arbitrary 10% increase, despite accepted past scrutiny assessments and undisputed services. The Tribunal also upheld allowance of foreign travel expenditure, finding no Rule 46A breach where the travel details had already been filed and no evidence showed absence of business purpose. The revenue's appeal was dismissed.
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