Key Tax Issues: TPO Designation, Leasehold Deductions, Doubtful Debts, Rule 8D Limits, Transfer Pricing Adjustments.

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....Legal issues related to income tax assessments, including the designation of tax authorities, allowability of deductions, disallowances under specific sections, transfer pricing adjustments, and procedural aspects. Key points are: Designation of Additional Commissioner as TPO is valid. Pro-rata deduction for leasehold lands allowed, subject to quantum verification. Write-back of provision for doubtful debts remitted for re-examination. Interest on tax refund to be granted as per assessee's claim. Disallowance u/r 8D restricted to exempt income-yielding investments. Such disallowance not applicable for computing book profits u/s 115JB. Expenditure on FCCN issue allowed as debenture issuance cost. Deduction u/s 80G disallowed due to loss. Tra.........