Vicarious liability for dishonoured company cheques may extend to non-signatory directors where complaints contain foundational responsibility avermen...
Charitable registration turns on predominant purpose and genuine activities, while incidental fees and related-party rent require supporting adverse m...
MAT book-profit adjustments exclude disallowances for exempt-income expenditure and demerger expenditure unless expressly listed under the statutory c...
Goodwill arising from amalgamation of a running business was treated as a depreciable intangible asset because it represented commercial rights covered by the depreciation provision, and the Tribunal followed its earlier years' view in the absence of any change in facts or law. The deletion of disallowance of depreciation on goodwill was upheld. For captive power transfers, the Tribunal accepted the internal CUP benchmark based on the consumer tariff charged by the distribution company for valuing inter-unit electricity sales, holding that regulatory tariff was not the proper market benchmark. On that basis, the transfer pricing adjustment affecting the section 80IA deduction was deleted and the assessee's claim was sustained.
Goodwill arising from amalgamation of a running business was treated as a depreciable intangible asset because it represented commercial rights covered by the depreciation provision, and the Tribunal followed its earlier years' view in the absence of any change in facts or law. The deletion of disallowance of depreciation on goodwill was upheld. For captive power transfers, the Tribunal accepted the internal CUP benchmark based on the consumer tariff charged by the distribution company for valuing inter-unit electricity sales, holding that regulatory tariff was not the proper market benchmark. On that basis, the transfer pricing adjustment affecting the section 80IA deduction was deleted and the assessee's claim was sustained.
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