Tax deduction compliance and payee income recognition govern consultancy disallowance, while no exempt income prevents related expenditure disallowanc...
Derivative abetment liability fails when correctly declared imported components establish no underlying improper importation by the principal importer...
Receipt of bonus share - investments or stock in trade - original shares were part of stock in trade - bonus shares given by company in proportion to the holding of equity capital by shareholders would, in the absence of express provision to be contrary be treated as capital and not income - hence it form part of investments
Receipt of bonus share - investments or stock in trade - original shares were part of stock in trade - bonus shares given by company in proportion to the holding of equity capital by shareholders would, in the absence of express provision to be contrary be treated as capital and not income - hence it form part of investments
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