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...
Passenger baggage re-export requires true declaration and cannot be granted indirectly through discretionary redemption of undeclared prohibited goods...
Transportation expenditure incurred before contract work was handed to a sub-contractor remained deductible where a memorandum recorded the parties' prior understanding that the assessee would bear that cost. The later execution of the definitive sub-contract did not displace that arrangement, and no duplicate claim by the sub-contractor was alleged; the disallowance was therefore deleted. Labour cess and copy charges deducted from the assessee's contract bills under tender terms were also deductible because the assessee incurred and bore them, their genuineness was undisputed, and the sub-contractor had not claimed them. The related disallowance of sublet expenses was deleted.
Transportation expenditure incurred before contract work was handed to a sub-contractor remained deductible where a memorandum recorded the parties' prior understanding that the assessee would bear that cost. The later execution of the definitive sub-contract did not displace that arrangement, and no duplicate claim by the sub-contractor was alleged; the disallowance was therefore deleted. Labour cess and copy charges deducted from the assessee's contract bills under tender terms were also deductible because the assessee incurred and bore them, their genuineness was undisputed, and the sub-contractor had not claimed them. The related disallowance of sublet expenses was deleted.
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