Anti-profiteering obligations survive business demerger, complaint withdrawal, and customized supply arrangements where rate-reduction benefits are no...
Road restoration charges constitute taxable services when requested for commercial pipeline activity, requiring reverse-charge GST from the business r...
Interest on delayed release of requisitioned cash includes statutory pre-assessment interest and restitutionary compensation for unlawful post-assessm...
Incomplete inventory records justify rejecting accounts, while profit estimation requires relevant comparable material and interest falls under other ...
Transfer-pricing comparability requires functional alignment; delayed associated-enterprise receivables need separate LIBOR-based benchmarking, while ...
Functional comparability for captive cost-plus ITeS providers requires alignment of scale, brand, intangibles, technology and service profile; materially dissimilar outsourcing, accounting or publishing businesses are excluded, while functionally similar ITeS providers may remain comparable. Companies outside the TPO search matrix cannot be rejected solely on that basis if they satisfy applicable filters, subject to functional, asset and risk analysis and annual-report verification. Delayed associated-enterprise receivables are international transactions requiring separate benchmarking after the comparable credit period, using LIBOR plus an appropriate spread. Foreign-exchange gains on reinstated trade payables and receivables lack the direct and proximate export nexus required for a section 10AA deduction.
Functional comparability for captive cost-plus ITeS providers requires alignment of scale, brand, intangibles, technology and service profile; materially dissimilar outsourcing, accounting or publishing businesses are excluded, while functionally similar ITeS providers may remain comparable. Companies outside the TPO search matrix cannot be rejected solely on that basis if they satisfy applicable filters, subject to functional, asset and risk analysis and annual-report verification. Delayed associated-enterprise receivables are international transactions requiring separate benchmarking after the comparable credit period, using LIBOR plus an appropriate spread. Foreign-exchange gains on reinstated trade payables and receivables lack the direct and proximate export nexus required for a section 10AA deduction.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4912 
