Allocation of registration charges: contractual clause overriding statutory presumption allowed as deduction against capital gain after unrebutted doc...
Expenditure tied to investments yielding exempt income restricted to attributable costs; broader disallowance disallowed and adjustments to WDV and mi...
Admissibility of Investigative Statements invalidated reliance on coerced emails and valuation redetermination, resulting in set aside of penalties an...
Classification of printed technical documents: specific Chapter 49.01 entry prevails, enabling claimed customs exemptions for imported manuals and rep...
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.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4807 
Join Channel 
