Patent-settlement expenditure treated as commercially expedient revenue outlay, with foreign-law restrictions inapplicable before the prospective amen...
International transaction benchmarking restricts transfer pricing adjustments to associated-enterprise dealings, while functional comparability govern...
Joint development agreements defer taxable transfer where possession lacks part performance, while completed flats determine consideration and exempti...
Contribution paid to an insurer under a leave encashment scheme is treated as actual business expenditure, distinct from a mere provision, and CSR spending mandated under port guidelines is viewed as business-linked, with the statutory disallowance operating prospectively. Disputed enhanced estate rentals are not taxable as real income where recoverability remains uncertain, and port infrastructure such as docks, sea walls, piers and railway assets may qualify as plant under the functional test for depreciation. Consequential disallowance for short deduction of tax at source falls once the underlying TDS default is deleted, and employee welfare and labour-related contributions are allowable where made for commercial expediency.
Contribution paid to an insurer under a leave encashment scheme is treated as actual business expenditure, distinct from a mere provision, and CSR spending mandated under port guidelines is viewed as business-linked, with the statutory disallowance operating prospectively. Disputed enhanced estate rentals are not taxable as real income where recoverability remains uncertain, and port infrastructure such as docks, sea walls, piers and railway assets may qualify as plant under the functional test for depreciation. Consequential disallowance for short deduction of tax at source falls once the underlying TDS default is deleted, and employee welfare and labour-related contributions are allowable where made for commercial expediency.
Note: It is a system-generated summary and is for quick reference only.
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