Transfer pricing comparability requires functional alignment, reliable financial data, and careful review of working capital and receivables adjustmen...
Transfer pricing rules require benchmarking corporate guarantees and associated-enterprise advances, while invalid domestic-transaction adjustments ca...
Prospective sugar export prohibition required registered letters of credit; private contracts and export quotas created no enforceable continuation ri...
Ambulance-based emergency medical services were treated as a professional service, not a mere carriage or works contract, because the ambulances were specially equipped and staffed to provide treatment and monitoring during the critical initial period; tax was therefore deductible under section 194J, and the plea based on acceptance of section 194C treatment in an earlier year failed because each assessment year is separate and res judicata or estoppel does not apply in income-tax proceedings. The classifications for the HLL and FSMS contracts were set aside because the contractual terms and the assessee's submissions were not properly examined, requiring fresh consideration by the Assessing Officer.
Ambulance-based emergency medical services were treated as a professional service, not a mere carriage or works contract, because the ambulances were specially equipped and staffed to provide treatment and monitoring during the critical initial period; tax was therefore deductible under section 194J, and the plea based on acceptance of section 194C treatment in an earlier year failed because each assessment year is separate and res judicata or estoppel does not apply in income-tax proceedings. The classifications for the HLL and FSMS contracts were set aside because the contractual terms and the assessee's submissions were not properly examined, requiring fresh consideration by the Assessing Officer.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4814 
Join Channel 
