Article 8 treaty coverage excluded third-party airline support services, while documented demonetisation cash receipts remained accepted business inco...
Functional comparability under TNMM requires highway contract benchmarks to reflect operation, maintenance and transfer activities, requiring fresh be...
Objective characteristics govern magnesium bis-glycinate chelate classification as an amino-acid coordination compound, not a food preparation or anti...
Independent professional certification requires pleaded knowledge or complicity for criminal liability; untimely complaints remain barred by limitatio...
Commercial vehicles purchased during the stipulated period were...
Higher depreciation for qualifying commercial vehicles, exempt-income disallowance, research deduction verification, and club-expense treatment clarified
Contents
Summary
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Commercial vehicles purchased during the stipulated period were treated as eligible for higher depreciation. For in-house research and development, deduction beyond expenditure approved by the prescribed authority requires verification of the difference between approved and actual expenditure before consequential allowance. Where interest-free funds exceed investments yielding exempt income, investments may be presumed to have been made from those funds, supporting deletion of the related disallowance under rule 8D(2)(iii). Club-facility expenses incurred in individuals' names or of a personal nature do not satisfy the requirement of being wholly and exclusively for business purposes and remain disallowable.
Commercial vehicles purchased during the stipulated period were treated as eligible for higher depreciation. For in-house research and development, deduction beyond expenditure approved by the prescribed authority requires verification of the difference between approved and actual expenditure before consequential allowance. Where interest-free funds exceed investments yielding exempt income, investments may be presumed to have been made from those funds, supporting deletion of the related disallowance under rule 8D(2)(iii). Club-facility expenses incurred in individuals' names or of a personal nature do not satisfy the requirement of being wholly and exclusively for business purposes and remain disallowable.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4805
Join Channel
TaxTMI 
