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    Keyman Insurance Policy: Assignee Not Taxed on Difference Between Premium Paid and Surrender Value.
    Court Rules in Favor of Assessee: Excise Duty and VAT Exclusion in Closing Stock Valuation Deemed Revenue-Neutral.
    Mutual Fund Investments via Bank Accounts Require Verification for Authenticity in Tax Cases: Ensure Transaction Legitimacy.
    Permanent Establishment in Tax: Evaluating Agency Relationship Between Assessee and Indian Subsidiary in Dredging Contract.
    New Rule: Recognize 50% of Contract Fee as Income in First 2 Years, Taxed at 25% Annually.
    Legal Implications of Changing Stock Valuation Method During ERP Transition: Cost Calculation Allowed, Stock Value Reduction Prohibited.
    Mutuality Principle in Tyre Association: High Court Affirms Tax Exemption Under Income Tax Act Section 28(iii.
    India-USA DTAA exempts professional consultancy services provided outside India from TDS deduction requirements. No TDS liability under DTAA.
    Transfer Pricing Officer's Authority to Independently Determine Arm's Length Price for Unreferred International Transactions.
    High Court Confirms Software Usage Rights as 'Royalty' Under Income Tax Law, Affecting Taxation of Such Transactions.
    Taxpayer Share Valuation: End-of-Year Shares Assessed by Lower of Cost or Market Value Principle.
    Bad or doubtful debts deduction on balance sheet exempts from Section 115JA or 115JB applicability of the Income Tax Act.
    "More than Ordinary Profits" in Section 80IA(10) Differs from "Arm's Length Price" in Section 92C: Key Tax Distinction.
    Court Rules Contingency Deposit as Trading Receipt in Disputed Transactions During Appeal.
    Non-existent firm transactions recorded as bogus; Section 145 of Income Tax Act not applicable for fraudulent entries.
    Commissioner of Income Tax (Appeals) Justifies Quashing Reassessment Order u/ss 153C and 147/148.
    Income Tax Exemptions Granted to Notified News Agency; Official Notifications Highlight Compliance Requirements and Tax Relief Updates.
    Section 80IB Deduction Valid: Project Approved Before April 1, 2005, Exempt from Revised Provisions. Assessing Officer Consistency.
    No Need for Assessing Officer to Record Satisfaction if Jurisdiction Covers Both Assessees u/ss 158BC and 158BD.
    Section 154: Rectification Needs Clear Mistake, Not Debatable Legal Issue. Debatable Points Aren't Apparent Mistakes.
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Acts Income Tax