Receipt of immovable property requires actual possession or enjoyment; redevelopment allotments exchanged for tenancy rights fall outside deemed incom...
Section 80P deduction covers Souharda credit societies, including qualifying surplus-deposit interest, subject to member KYC verification for cash dep...
Transfer-pricing benchmarking and capital-receipt principles sustained taxpayer relief, while unsupported property-advance write-offs remained disallo...
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The Tribunal addressed multiple tax adjustments in telecom operations, deleting disallowances under section 40(a)(ia) for distributor discounts and under section 40(a)(i) for interconnect usage charges by following binding precedent in the assessee's own earlier years. It allowed amortisation of one-time 3G and BWA spectrum payments under section 35ABB on the basis that the right to operate telecom services had been acquired and the spectrum was put to use, and it deleted related enhancement and depreciation disallowance as a double adjustment. It also held that principal loan repayments were outside section 43B, removed additions based on inventory and internal reconciliation differences, upheld deletion of the DoT current account addition, and deleted section 14A disallowance because no exempt income was received. One TDS-related issue was remitted for verification.
The Tribunal addressed multiple tax adjustments in telecom operations, deleting disallowances under section 40(a)(ia) for distributor discounts and under section 40(a)(i) for interconnect usage charges by following binding precedent in the assessee's own earlier years. It allowed amortisation of one-time 3G and BWA spectrum payments under section 35ABB on the basis that the right to operate telecom services had been acquired and the spectrum was put to use, and it deleted related enhancement and depreciation disallowance as a double adjustment. It also held that principal loan repayments were outside section 43B, removed additions based on inventory and internal reconciliation differences, upheld deletion of the DoT current account addition, and deleted section 14A disallowance because no exempt income was received. One TDS-related issue was remitted for verification.
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