Capital Asset Conversion Requires Proven Business Stock Treatment; Paper Consideration in Spousal Flat Transfers Does Not Create Taxable Business Inco...
Human-probability test defeats political donation deduction where banking records mask accommodation-entry fund layering and evidence shows non-genuin...
Commercial property status protects capital-gains exemption when residential-house ownership limits are tested, while agricultural-land character gove...
Investigation deposits refunded after failed customs demands fall outside the statutory appellate pre-deposit interest regime and may attract compensa...
Resolution plan finality extinguishes unquantified operational-creditor claims and pending proceedings unless the approved plan expressly preserves th...
Page of 4897
Press 'Enter' after typing page number.
661 to 680 of 97923 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
RBI regulatory monetary levies for non-compliance with lending guidelines may be deductible where the underlying default is supervisory in an otherwise lawful banking business, rather than an offence or prohibited activity; the levy was therefore not disallowed under Explanation 1 to section 37(1). Banking-company securities held as stock-in-trade did not attract expenditure disallowance for exempt dividend income under section 14A and Rule 8D. Net depreciation on investments valued under ICDS VIII and RBI guidelines was allowable because the prescribed method was followed. Employee stock-option discount was treated as revenue expenditure because it incentivises and retains employees without creating an enduring asset or constituting capital-raising expenditure.
RBI regulatory monetary levies for non-compliance with lending guidelines may be deductible where the underlying default is supervisory in an otherwise lawful banking business, rather than an offence or prohibited activity; the levy was therefore not disallowed under Explanation 1 to section 37(1). Banking-company securities held as stock-in-trade did not attract expenditure disallowance for exempt dividend income under section 14A and Rule 8D. Net depreciation on investments valued under ICDS VIII and RBI guidelines was allowable because the prescribed method was followed. Employee stock-option discount was treated as revenue expenditure because it incentivises and retains employees without creating an enduring asset or constituting capital-raising expenditure.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4897 
