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...
Registered societies returning income in the status of an association of persons or body of individuals are considered for normal tax rates where returned total income remains below the taxable limit. Application of the maximum marginal rate under section 167B is not warranted in those circumstances. Tax computation should therefore follow normal rates, and a return showing income below the taxable limit results in no tax liability.
Registered societies returning income in the status of an association of persons or body of individuals are considered for normal tax rates where returned total income remains below the taxable limit. Application of the maximum marginal rate under section 167B is not warranted in those circumstances. Tax computation should therefore follow normal rates, and a return showing income below the taxable limit results in no tax liability.
Note: It is a system-generated summary and is for quick reference only.
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