Advance-ruling mechanism governs pending GST classification, exemption and taxability disputes, limiting writ review once the specialised forum functi...
Charitable trust income application permits verified capital expenditure but rejects deferred pre-operative claims and requires reconsideration of con...
Reinsurance premium deductions require established regulatory breaches, while independently acquired software qualifies within the computer depreciati...
Approved gratuity fund contributions adjusted against earlier excess payments were held not to be unpaid provisions, and the gratuity claim was allowable because the fund was approved. Lease-rental disallowance for non-deduction of tax was sustained for the year under appeal, with corresponding deduction allowed in the subsequent year in line with section 40(a)(ia). Short deduction of tax was also treated as falling within section 40(a)(ia), subject to proportionate restriction. Ind AS transition amount was held to be a statutory MAT adjustment, not prior period expense, and the related addition was deleted. Repairs and maintenance expenditure remained revenue in nature despite book capitalisation, and CSR expenditure could not be added back to book profit absent a specific adjustment under section 115JB.
Approved gratuity fund contributions adjusted against earlier excess payments were held not to be unpaid provisions, and the gratuity claim was allowable because the fund was approved. Lease-rental disallowance for non-deduction of tax was sustained for the year under appeal, with corresponding deduction allowed in the subsequent year in line with section 40(a)(ia). Short deduction of tax was also treated as falling within section 40(a)(ia), subject to proportionate restriction. Ind AS transition amount was held to be a statutory MAT adjustment, not prior period expense, and the related addition was deleted. Repairs and maintenance expenditure remained revenue in nature despite book capitalisation, and CSR expenditure could not be added back to book profit absent a specific adjustment under section 115JB.
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