Brand promotion expenditure requires an established associated-enterprise arrangement for transfer pricing, while management cross-charges must accoun...
Reassessment after the ordinary limitation period requires the escaped-income threshold and independent sanction, without expanding jurisdiction throu...
Transfer pricing comparability requires turnover and functional analysis, alongside rules on exempt-income disallowance and amalgamation goodwill depr...
Section 41(1) applies when remission or cessation of a trading liability confers a benefit in the relevant year. A creditor balance that remains outstanding in that year does not cease merely because it is written back and offered to tax in a subsequent year; a separate debit relating to another entity does not establish cessation without a link to the creditor. Under the project completion method, income from sales in a completed tower of an approved composite real estate project may be recognised when the entire project is completed. Assessment of proposed additions for maintenance charges and GST requires a due and reasonable opportunity to respond.
Section 41(1) applies when remission or cessation of a trading liability confers a benefit in the relevant year. A creditor balance that remains outstanding in that year does not cease merely because it is written back and offered to tax in a subsequent year; a separate debit relating to another entity does not establish cessation without a link to the creditor. Under the project completion method, income from sales in a completed tower of an approved composite real estate project may be recognised when the entire project is completed. Assessment of proposed additions for maintenance charges and GST requires a due and reasonable opportunity to respond.
Note: It is a system-generated summary and is for quick reference only.
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