Defined public benefit can retain charitable character; registration renewal requires examining genuine activities and legal compliance, not surplus a...
Capital reduction is distinct from share buy-back, preventing buy-back tax; restructuring interest and related business deductions also survive scruti...
Transfer pricing and tax deductions upheld on established principles, while employee contributions and warranty provisions returned for fresh examinat...
Captive transfer pricing relies on industrial consumer tariffs, while genuine quotations can benchmark effluent treatment transfers under the Other Me...
Specific tariff classification for ophthalmic instruments and extended limitation principles determine the treatment of duty demands, confiscation, an...
Integrated golf function determines classification, placing launch monitors and simulators under other golf equipment rather than measuring instrument...
Retrenchment compensation received by BSNL employees under the 2019 forced retirement scheme was treated as a capital receipt exempt from tax under section 10(10B), not as a limited exemption under section 10(10C), because the payment arose from a retrenchment-style separation scheme linked to the BSNL/MTNL revival plan. The Tribunal also accepted that the assessees could raise the exemption claim in appeal. The contrary view of the CIT(A) was set aside, and the assessees were directed to file revised income computations before the jurisdictional Assessing Officers for verification and consequential refund relief, if any.
Retrenchment compensation received by BSNL employees under the 2019 forced retirement scheme was treated as a capital receipt exempt from tax under section 10(10B), not as a limited exemption under section 10(10C), because the payment arose from a retrenchment-style separation scheme linked to the BSNL/MTNL revival plan. The Tribunal also accepted that the assessees could raise the exemption claim in appeal. The contrary view of the CIT(A) was set aside, and the assessees were directed to file revised income computations before the jurisdictional Assessing Officers for verification and consequential refund relief, if any.
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