Advance pricing agreement methodology can guide benchmarking for non-covered years when functions, assets, risks and activities remain materially unch...
Tax-audit exemption for substantially State-funded educational universities prevents audit-failure penalties where income qualifies for statutory exem...
Functional, asset and risk analysis excludes diversified technology companies from captive software development comparables under cost-plus arrangemen...
Mobile-phone electronic evidence failed to establish customs undervaluation, while duty survived on non-authentic origin certificates without importer...
Automotive radio classification treats integrated infotainment features as supplementary, placing complete and qualifying unassembled units under the ...
Separate corporate personality prevents directors from being personally liable for company deposits without a guarantee or independent legal undertaki...
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 
