Online bond platforms may offer overseas-regulated products and tax-specific bonds subject to disclosures, compliance safeguards and revised complianc...
Corporate guarantee valuation permits actual ascertainable commission while barring retroactive application and extended-period penalties for bona fid...
Proper-officer jurisdiction under UPGST penalty provisions upheld; participation on merits prevents bypassing the statutory appellate remedy through w...
Transitioned CENVAT credit may validly satisfy mandatory pre-deposit requirements for legacy service tax appeals through Electronic Credit Ledger debi...
Building-plan sanction charges require statutory authority; unauthorised fees and GST were quashed, while labour cess must follow prescribed collectio...
Pure-agent exclusion fails where hotel booking facilitators receive third-party services themselves, making entire customer consideration taxable as r...
Actuarial provisions for employee benefits were treated as ascertained liabilities where the scheme existed and valuation was independently supported by actuarial assumptions, so the Bhavishya Kalyan Yojana provision was allowable under section 37(1) on the net claim revised by the assessee. The Tribunal also allowed the additional deduction for the Medicare Scheme actuarial loss disclosed in Other Comprehensive Income, because the facts were already on record and it related to the same employee benefit obligation. For salary and other expense provisions, disallowance for alleged non-deduction of tax at source was largely deleted where tax had been deducted under section 192 or no deduction was required; residual items were remanded for verification.
Actuarial provisions for employee benefits were treated as ascertained liabilities where the scheme existed and valuation was independently supported by actuarial assumptions, so the Bhavishya Kalyan Yojana provision was allowable under section 37(1) on the net claim revised by the assessee. The Tribunal also allowed the additional deduction for the Medicare Scheme actuarial loss disclosed in Other Comprehensive Income, because the facts were already on record and it related to the same employee benefit obligation. For salary and other expense provisions, disallowance for alleged non-deduction of tax at source was largely deleted where tax had been deducted under section 192 or no deduction was required; residual items were remanded for verification.
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