S. 115JA : Book profit–Banking company–Provision is not applicable.
S. 115JA : Book profit–Banking company–Provision is not applicable.
S. 92CA : Reference to transfer pricing officer–Clause(i) of Section 92BA of the Act had been omitted by Finance Act, 2017 w.e.f. 01.04.2017 and as such it came to be held that proceedings would lapse. [S. 92BA)]
S. 92C : Transfer pricing–Arm’s length price–Granting adjustment of 10% on account of quality difference and deleting the addition made by TPO/AO by applying CUP to arrive at ALP in respect of Bisoprolol-Held to be valid. [S. 10B(1)(a)(ii), 260A]
S. 80IC : Special category States–Profit of undertaking is eligible for deduction–Disallowance of purchase is held to be not valid. [S.80A(5)]
Constitution of India
362 : Corona Virus Lockdown Crisis – Extension of interim orders – Expiring before 30 -04 -2020 – Shall continue to operate till then – Interim orders which are not granted for limited duration are to operate till further orders shall remain unaffected by this order .[ Art . 226, 227 ]
S. 80IA : Industrial undertakings–Back ward area-Not located in the industrial backward district which has been mentioned in the notification issued by the Central Govt-Not entitle to deduction. [S. 80HH(2), 80IA(2)(iv)(c)]
S. 80IA : Industrial undertakings–Writ of mandamus or otherwise to respondent to notify the Industrial Park of the petitioner under Rule 18C of the Income Tax Rules, 1962. [S. 80IB (10), Art. 226]
S. 80IA : Industrial undertakings–Separate and independent unit-Common excise registration-Common electricity-Common water connection-Not an extension of existing units-Different products manufactured–Written down value of machinery transferred was less than 20 % of the value. [S. 80IB]
S. 56 : Income from other sources–Relative–Gift from brother in law is relative-Cash credits–No addition can be made as cash credits–Genuineness is established. [S. 56(2)(vii), 68, 132]
S. 40(a)(ia) : Amounts not deductible-Deduction at source-Contractors-Provisions are not applicable where neither the assessee nor the party engaged by assessee was a contractor-No disallowances can be made. [S. 194(c)]