Interactive flat panels meeting automatic data processing conditions are distinguished from monitors, while later classification clarifications apply ...
Statutory transfer formalities invalidated alleged share and property transfers, while retrospective record manipulation constituted oppression and mi...
Provisional attachment of laundered funds and equivalent-value property sustained, with statutory protection limited to pension, gratuity and providen...
The ITAT upheld deletion of transfer pricing adjustments on captive power supplied to eligible manufacturing units for section 80-IA purposes, applying the Supreme Court principle that the relevant market value is the rate charged by the State Electricity Board or distribution company to industrial consumers, not the regulated or contracted surplus-power rate. It accepted the annual landed cost paid by the manufacturing units as the proper benchmark and rejected the Revenue's challenge. The Tribunal also sustained allocation of common head office expenses on the fixed-asset ratio, holding that the Revenue had followed the same method in earlier years and no change in facts or law justified a profitability-based allocation. All four Revenue appeals were dismissed.
The ITAT upheld deletion of transfer pricing adjustments on captive power supplied to eligible manufacturing units for section 80-IA purposes, applying the Supreme Court principle that the relevant market value is the rate charged by the State Electricity Board or distribution company to industrial consumers, not the regulated or contracted surplus-power rate. It accepted the annual landed cost paid by the manufacturing units as the proper benchmark and rejected the Revenue's challenge. The Tribunal also sustained allocation of common head office expenses on the fixed-asset ratio, holding that the Revenue had followed the same method in earlier years and no change in facts or law justified a profitability-based allocation. All four Revenue appeals were dismissed.
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