Transfer pricing comparables and adjustments: Tribunal revisits loss-maker status, segmental comparability, working capital relief, and risk allocatio...
Business expenditure disallowance failed where commission, related-party salary and promotion payments were supported by records and inquiry was inade...
ITAT sustained disallowance of deduction under section 80GGC where political donations were found to be routed as accommodation entries through layered banking transactions and the assessee produced no fresh material to rebut the lower authorities' findings; the claim was therefore treated as lacking merit. It also upheld disallowance under section 80C because the aggregate deduction claimed had already exceeded the statutory ceiling, leaving no basis to interfere with the appellate order.
ITAT sustained disallowance of deduction under section 80GGC where political donations were found to be routed as accommodation entries through layered banking transactions and the assessee produced no fresh material to rebut the lower authorities' findings; the claim was therefore treated as lacking merit. It also upheld disallowance under section 80C because the aggregate deduction claimed had already exceeded the statutory ceiling, leaving no basis to interfere with the appellate order.
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