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...
Mine development expenses - deferred revenue expenditure - Though there is no reference in the Income-tax Act, 1961, the accounting principle recognizes such claim proportionately. Therefore, this Tribunal is of the considered opinion that the assessee has rightly claimed 1/5th of the expenditure during the year - AT
Mine development expenses - deferred revenue expenditure - Though there is no reference in the Income-tax Act, 1961, the accounting principle recognizes such claim proportionately. Therefore, this Tribunal is of the considered opinion that the assessee has rightly claimed 1/5th of the expenditure during the year - AT
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