Embezzlement losses in charitable institutions remain allowable when misappropriation is established, irrecoverable, and not a specified-person benefi...
National long-distance undertaking status supports deduction where separately licensed infrastructure, resources, revenue, and expenditure establish c...
Agency reimbursement income follows contractual deposit-liability computation, while pending deposit collections do not constitute deemed-dividend loa...
Membership-consent thresholds for oppression petitions are satisfied by unchallenged voter-list consents, while unsupported forgery claims require pro...
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Foreign LTC/LFC payments involving an overseas leg or circuitous route fall outside the Section 10(5) exemption, which Rule 2B limits to actual eligible travel to a place in India and shortest-route fare ceilings. Reimbursement limited to a domestic-fare equivalent or a domestic segment does not preserve the exemption. Under Section 192, employers must include known non-exempt payments in estimated salary and deduct tax based on available claim particulars, although they have no unlimited verification duty. Interim recovery restraints do not automatically suspend TDS obligations. Section 201 relief requires recipient-specific return, tax-payment and accountant-certificate proof; interest and Section 271C penalty require separate analysis, including reasonable cause.
Foreign LTC/LFC payments involving an overseas leg or circuitous route fall outside the Section 10(5) exemption, which Rule 2B limits to actual eligible travel to a place in India and shortest-route fare ceilings. Reimbursement limited to a domestic-fare equivalent or a domestic segment does not preserve the exemption. Under Section 192, employers must include known non-exempt payments in estimated salary and deduct tax based on available claim particulars, although they have no unlimited verification duty. Interim recovery restraints do not automatically suspend TDS obligations. Section 201 relief requires recipient-specific return, tax-payment and accountant-certificate proof; interest and Section 271C penalty require separate analysis, including reasonable cause.
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