Revisional power in block assessment upheld, undisclosed search income sustained, freight suppression addition restored, accrued lorry hire liability ...
Reassessment and fee-for-technical-services classification: reopening upheld, but certain reimbursements and mobilization charges fell outside treaty ...
Section 80P deduction for co-operative societies remains available despite nominal members and housing society status, with limited interest income tr...
Franchise fee paid to secure participation rights in the Indian Premier League was treated as revenue expenditure, as the Tribunal followed coordinate bench decisions in the assessee's own earlier years and found no distinguishing feature or reversal of those rulings. The alternative depreciation claim was therefore academic. On payments to a New Zealand resident talent scout, the Tribunal found the arrangement prima facie consistent with independent personal services under Article 14 of the India-New Zealand DTAA and noted that the 183-day condition was satisfied, but remanded the matter for limited verification of whether the consultant had a fixed base in India. If Article 14 conditions are met, no TDS liability arises.
Franchise fee paid to secure participation rights in the Indian Premier League was treated as revenue expenditure, as the Tribunal followed coordinate bench decisions in the assessee's own earlier years and found no distinguishing feature or reversal of those rulings. The alternative depreciation claim was therefore academic. On payments to a New Zealand resident talent scout, the Tribunal found the arrangement prima facie consistent with independent personal services under Article 14 of the India-New Zealand DTAA and noted that the 183-day condition was satisfied, but remanded the matter for limited verification of whether the consultant had a fixed base in India. If Article 14 conditions are met, no TDS liability arises.
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