Jurisdictional facts in certificate-of-origin discrepancies can support customs show-cause proceedings, leaving factual explanations for departmental ...
Market value for captive electricity consumption follows industrial consumer tariffs, supporting profit computation for the power generation deduction...
Deduction for gratuity actually paid under section 43B was allowed because the assessee substantiated actual payment with audited financial statements, actuarial provision entries, profit and loss account debit, gratuity disclosures, and supporting ledger and salary records. The Tribunal held that the evidentiary record proved payment to the relevant employees and that the disallowance based on alleged absence of proof was factually unsustainable. The deletion of the disallowance was therefore upheld and the claim for deduction was allowed.
Deduction for gratuity actually paid under section 43B was allowed because the assessee substantiated actual payment with audited financial statements, actuarial provision entries, profit and loss account debit, gratuity disclosures, and supporting ledger and salary records. The Tribunal held that the evidentiary record proved payment to the relevant employees and that the disallowance based on alleged absence of proof was factually unsustainable. The deletion of the disallowance was therefore upheld and the claim for deduction was allowed.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4821 
Join Channel 
