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...
Public servant status under anti-corruption law extends to recognised stock exchange leadership; constitutional and sanction challenges do not succeed...
Acquiescence, homebuyer protection and clean-slate resolution principles prevent landowners from disrupting an integrated project through late termina...
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Exemption under section 11(2) could not be denied solely because Form No. 10 described the accumulation purpose as "purpose of the trust" when no substantive breach of sections 11 or 13(1)(d) was shown. The Tribunal noted that the assessee remained registered under section 12A and that no violation was established in the relevant year, earlier years, or during utilisation of the accumulated income. Applying the principle in Bochasanwasi Shri Akshar Purshottam Public Charitable Trust, it held that greater specificity in Form No. 10 was not required in the absence of any statutory non-compliance. The disallowance and consequential taxation were deleted.
Exemption under section 11(2) could not be denied solely because Form No. 10 described the accumulation purpose as "purpose of the trust" when no substantive breach of sections 11 or 13(1)(d) was shown. The Tribunal noted that the assessee remained registered under section 12A and that no violation was established in the relevant year, earlier years, or during utilisation of the accumulated income. Applying the principle in Bochasanwasi Shri Akshar Purshottam Public Charitable Trust, it held that greater specificity in Form No. 10 was not required in the absence of any statutory non-compliance. The disallowance and consequential taxation were deleted.
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