Transfer pricing adjustments for software services, corporate guarantees, expense characterisation and foreign tax credit affirmed under arm's length ...
Scientific Research approval for Sikshya O Anusandhan under section 35(1)(ii) granted subject to reporting, certification, and compliance requirements...
The Tribunal remanded the interest disallowance linked to short-term capital gains because the assessee's additional evidence on loan utilisation had not been verified by the lower authorities, and the claim required factual examination before a fresh decision. The tax rate applicable to short-term capital gains from listed securities was also sent back, as it depended on the outcome of the primary computation issue. The section 80E deduction claim was similarly restored because supporting education-loan documents were produced at the appellate stage and had to be examined against the statutory requirements. The appeal was thus allowed for statistical purposes.
The Tribunal remanded the interest disallowance linked to short-term capital gains because the assessee's additional evidence on loan utilisation had not been verified by the lower authorities, and the claim required factual examination before a fresh decision. The tax rate applicable to short-term capital gains from listed securities was also sent back, as it depended on the outcome of the primary computation issue. The section 80E deduction claim was similarly restored because supporting education-loan documents were produced at the appellate stage and had to be examined against the statutory requirements. The appeal was thus allowed for statistical purposes.
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