Modified returns after business reorganisations cannot trigger fresh scrutiny once the original assessment was complete, invalidating related transfer...
Third-party loose sheets require reliable nexus before supporting unexplained expenditure additions; presumptions do not establish payer identity or o...
TNMM comparability using audited accounts and working-capital adjustments can eliminate unwarranted transfer-pricing additions where verified margins ...
Gross-profit additions on disputed purchases require reasoned appellate determination; disclosed claims alone do not support inaccurate-particulars pe...
Limitation after transfer-pricing remand: fresh TPO reference did not extend the assessment deadline, rendering the consequential assessment time-barr...
Interim judicial restraint on tax deduction prevents default, while supporting reasonable cause and penalty deletion for foreign-leg LFC reimbursement...
Palmolein classification defeated the crude-oil concession; material misdeclaration sustained recovery and confiscation, while separate false-document...
Section 194B required the applicable threshold to be tested for each payment when made, without annual aggregation of a player's winnings. Player-funded payouts not claimed in the profit and loss account could not attract disallowance, and sponsored-prize disallowance required proof of an identified taxable payment without withholding. Deposit-linked and referral bonuses were promotional incentives rather than game winnings, so no withholding obligation arose. Corporate social responsibility payments otherwise qualifying as donations remained deductible under section 80G notwithstanding exclusion from business-expense deduction under section 37(1); employee stock option plan expenditure remained deductible. Income computation required verification of all subsisting assessment and appellate orders in chronological sequence, with remand for fresh computation.
Section 194B required the applicable threshold to be tested for each payment when made, without annual aggregation of a player's winnings. Player-funded payouts not claimed in the profit and loss account could not attract disallowance, and sponsored-prize disallowance required proof of an identified taxable payment without withholding. Deposit-linked and referral bonuses were promotional incentives rather than game winnings, so no withholding obligation arose. Corporate social responsibility payments otherwise qualifying as donations remained deductible under section 80G notwithstanding exclusion from business-expense deduction under section 37(1); employee stock option plan expenditure remained deductible. Income computation required verification of all subsisting assessment and appellate orders in chronological sequence, with remand for fresh computation.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4908 
