Online bond platforms may offer overseas-regulated products and tax-specific bonds subject to disclosures, compliance safeguards and revised complianc...
Corporate guarantee valuation permits actual ascertainable commission while barring retroactive application and extended-period penalties for bona fid...
Proper-officer jurisdiction under UPGST penalty provisions upheld; participation on merits prevents bypassing the statutory appellate remedy through w...
Transitioned CENVAT credit may validly satisfy mandatory pre-deposit requirements for legacy service tax appeals through Electronic Credit Ledger debi...
Building-plan sanction charges require statutory authority; unauthorised fees and GST were quashed, while labour cess must follow prescribed collectio...
Pure-agent exclusion fails where hotel booking facilitators receive third-party services themselves, making entire customer consideration taxable as r...
Higher depreciation for computer peripherals is supported where printers, scanners, modems and routers function as necessary accessories of a computer system, are included in the computer block, and consistent prior treatment is accepted. Production expenditure for TV news, serials and programmes is treated as revenue expenditure when it arises from regular business operations; possible repeat-telecast value alone does not establish an enduring capital benefit. A film software library is treated as an intangible business or commercial right eligible for depreciation at 25%, particularly where the same treatment was followed earlier. Depreciation on a proportionate non-compete fee allocated on demerger is sustained where the demerged entity received corresponding allowance and no contrary facts or decision exist.
Higher depreciation for computer peripherals is supported where printers, scanners, modems and routers function as necessary accessories of a computer system, are included in the computer block, and consistent prior treatment is accepted. Production expenditure for TV news, serials and programmes is treated as revenue expenditure when it arises from regular business operations; possible repeat-telecast value alone does not establish an enduring capital benefit. A film software library is treated as an intangible business or commercial right eligible for depreciation at 25%, particularly where the same treatment was followed earlier. Depreciation on a proportionate non-compete fee allocated on demerger is sustained where the demerged entity received corresponding allowance and no contrary facts or decision exist.
Note: It is a system-generated summary and is for quick reference only.
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