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Aggregation under TNMM prevents selective testing of intra-group services without comparable uncontrolled transactions, while appellate additional cla...
Protective assessment cannot duplicate identical receipts under competing characterisations; remote services did not establish a taxable permanent est...
Current account treatment of overseas tournament services removed most FEMA findings, but excess EEFC remittance and delayed repatriation remained bre...
Modification of bail conditions remains available through inherent jurisdiction where onerous deposits undermine justice and cannot recover disputed d...
Merchant banker regulation consolidates registration, governance, capital, reporting, outsourcing and investor-protection requirements under an update...
Interest and dividend income from investments with co-operative societies and co-operative banks qualified for the claimed deduction because the statutory condition was met where income arose from such investments. The remaining additional depreciation for machinery used for less than 180 days in the preceding year was allowable for the relevant assessment year under the amended third proviso, which permits the balance claim in the immediately succeeding year from 1 April 2016. Milk cans and artificial insemination and laboratory equipment could qualify as plant and machinery for additional depreciation where normal depreciation was allowed and other conditions were satisfied. All proposed questions were decided for the co-operative society, and the tax appeals were dismissed.
Interest and dividend income from investments with co-operative societies and co-operative banks qualified for the claimed deduction because the statutory condition was met where income arose from such investments. The remaining additional depreciation for machinery used for less than 180 days in the preceding year was allowable for the relevant assessment year under the amended third proviso, which permits the balance claim in the immediately succeeding year from 1 April 2016. Milk cans and artificial insemination and laboratory equipment could qualify as plant and machinery for additional depreciation where normal depreciation was allowed and other conditions were satisfied. All proposed questions were decided for the co-operative society, and the tax appeals were dismissed.
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