Employee Entitled to TDS Credit and Refund Even If Employer Fails to Deposit Tax Issue Whether the Income-tax Department can deny TDS credit, raise demands, or recover tax from an employee when tax was deducted at source by the employer but not deposited with the Central Government, and whether TDS deduction can be established using… Read More »
Assessment Orders Passed Without Proof of Valid Section 153D Mandatory Approval Are Void and Quashed Issue Whether assessment orders passed under Section 153A/143(3) can be sustained when the Revenue fails to produce tangible evidence of valid prior approval under Section 153D after the assessee specifically challenges its compliance. Facts The assessee is an individual engaged… Read More »
Unexplained Expenditure Addition Under Section 69C Deleted as Bearer Cheque Source Was Verified From Bank Account Issue Whether an addition under Section 69C for unexplained expenditure can be sustained merely because the assessee failed to fully explain the purpose of excess bearer cheque payments, even though the source of funds was verified from the assessee’s… Read More »
Where Cash Deposits Match Business Sales Volume, Unexplained Cash Additions Limited to Estimated 10% Without Section 115BBE Issue Whether cash deposits made by a pharmaceutical wholesaler during demonetization can be treated as entirely unexplained under Section 68 when sales are recorded, and whether a sustained estimated addition of 10% can be subjected to special tax… Read More »
Exclusion of High-End KPO and Outsourced Entities from Routine Back-Office Transfer Pricing Benchmarking Issue Whether high-end KPO/IT entities, companies with heavy outsourcing models, entities lacking segmental data, and companies with abnormal turnover or demergers can be valid comparables for benchmarking routine back-office support services, and whether adjustments for working capital, interest on receivables, cost allocations,… Read More »
Dissimilar KPO and Outsourced Entities Excluded from Back-Office Comparables for Transfer Pricing Analysis Issue Whether high-end KPO/IT entities, companies with outsourced business models, lack of segmental data, demergers, or disproportionate turnover qualify as comparable companies for benchmarking routine back-office support services, and whether adjustments for working capital, interest on receivables, and expense allocations are permissible.… Read More »
Investor Protection Fund Exempted As Payments Benefit Public and Trust Funds Are Irrevocable Investor Protection Fund Exempted As Payments Benefit Public and Trust Funds Are Irrevocable Issue Whether an Investor Protection Fund registered under Section 12A is entitled to tax exemptions under Sections 11 and 10(23EA) when compensating investors of defaulting members, whether corpus/eligible contributions… Read More »
Housing Board Fulfilling Public Housing Needs Qualifies as Charitable Under Section 2(15) Exemptions Issue Whether the proviso to Section 2(15) read with Section 13(8) of the Income-tax Act, 1961 (and corresponding sections under the Income-tax Act, 2025) applies to a State Housing Board formed to satisfy the housing accommodation needs of the general public, thereby… Read More »
Get your product data holiday-ready on Google Merchant Center. Get your product data holiday-ready on Google Merchant Center. The holiday rush is right around the corner. Ads Product Liaison Ginny Marvin sat down with Scott Ruffner, Group Product Manager for Merchant Shopping, and Bhaskar Deva, Product Manager for Merchant Center, to discuss how marketers can… Read More »
Introducing the new 1Password App for Google Chat Introducing the new 1Password App for Google Chat The new 1Password SaaS Manager integration for Google Chat helps teams streamline IT and HR processes by bringing notifications, actions and approvals directly within Chat. With this integration, teams can build automated workflows for common employee access scenarios, including provisioning and… Read More »