Transfer pricing comparables and adjustments: Tribunal revisits loss-maker status, segmental comparability, working capital relief, and risk allocatio...
Business expenditure disallowance failed where commission, related-party salary and promotion payments were supported by records and inquiry was inade...
Receipt on premature surrender of a pension policy was held to require examination under section 80CCC(2) in light of the true nature of the amount received. The Tribunal found that the Assessing Officer had taxed it as income from other sources without properly considering the statutory provision, the factual matrix, or the assessee's submissions and documentary evidence. As the reassessment and addition were made without due legal appreciation, the addition was directed to be deleted and the appeal was allowed.
Receipt on premature surrender of a pension policy was held to require examination under section 80CCC(2) in light of the true nature of the amount received. The Tribunal found that the Assessing Officer had taxed it as income from other sources without properly considering the statutory provision, the factual matrix, or the assessee's submissions and documentary evidence. As the reassessment and addition were made without due legal appreciation, the addition was directed to be deleted and the appeal was allowed.
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