Transfer pricing comparables and operating income principles applied to software development services, with exclusions, inclusions, and tax credit ver...
Transfer pricing on performance guarantees and overdue receivables deleted where warranty obligations were embedded and working capital adjustment alr...
Composite letting of commercial premises, amenities and permanently embedded fixtures is assessable as income from house property where the ancillary agreements are integral to and co-terminus with the principal leave-and-licence arrangement. The substance of the arrangement and the parties' dominant intention prevail over separate documentation or apportionment of consideration; amenities not independently exploitable remain part of the integrated commercial unit. Such assessment permits the standard deduction for house property income. Interest on a refinanced loan remains deductible where it replaces acquisition-related borrowing, the funds are traceable to property acquisition, and no diversion to a non-qualifying purpose is established, subject to arithmetical verification of utilisation.
Composite letting of commercial premises, amenities and permanently embedded fixtures is assessable as income from house property where the ancillary agreements are integral to and co-terminus with the principal leave-and-licence arrangement. The substance of the arrangement and the parties' dominant intention prevail over separate documentation or apportionment of consideration; amenities not independently exploitable remain part of the integrated commercial unit. Such assessment permits the standard deduction for house property income. Interest on a refinanced loan remains deductible where it replaces acquisition-related borrowing, the funds are traceable to property acquisition, and no diversion to a non-qualifying purpose is established, subject to arithmetical verification of utilisation.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4826 
Join Channel 
