Working-capital adjustment determines whether software-services transfer-pricing margins fall within the statutory tolerance range, eliminating any ad...
Permanent establishment deductions upheld for expatriate salaries, direct costs and trading losses, while head-office costs require fresh classificati...
Data transmission equipment classification under CTSH 8517 62 remains distinct from residual classification, with exemption evidence requiring scrutin...
The Delhi HC reiterated that derecognition of income relating to consumers' share of efficiency gains and the deduction under section 80-IA were already covered against the Department by its earlier decision in Tata Power Delhi Distribution Ltd., leaving no surviving question. It further upheld deletion of disallowance under section 43B for uncollected energy tax, accepting that the tax became payable only when collected from consumers. The Court also treated interest on consumer security deposits as an accrued statutory and contractual liability, not a contingent one, and held that UPS forms an integral part of a computer system, so depreciation at the computer rate was proper. The appeal was dismissed.
The Delhi HC reiterated that derecognition of income relating to consumers' share of efficiency gains and the deduction under section 80-IA were already covered against the Department by its earlier decision in Tata Power Delhi Distribution Ltd., leaving no surviving question. It further upheld deletion of disallowance under section 43B for uncollected energy tax, accepting that the tax became payable only when collected from consumers. The Court also treated interest on consumer security deposits as an accrued statutory and contractual liability, not a contingent one, and held that UPS forms an integral part of a computer system, so depreciation at the computer rate was proper. The appeal was dismissed.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4805
Join Channel
TaxTMI 
