Trademark depreciation and section 14A adjustments: ITAT applies consistency, independent book-profit computation, and no disallowance without exempt ...
Rebuttable search presumptions and corroboration standards shaped deletion of unsubstantiated additions, while rental income and limited profit estima...
Allowability of expenses u/s 48 - expenses incurred in IPO - assessee being major shareholder sold his 50% holding agreed to share cost of IPO though there was no precondition - reimbursement of IPO expenses was decided in the board meeting and after taking the report/opinion from the chartered accountant - expenses were incurred wholly and exclusively in connection with the transfer of the shares - held allowable
Allowability of expenses u/s 48 - expenses incurred in IPO - assessee being major shareholder sold his 50% holding agreed to share cost of IPO though there was no precondition - reimbursement of IPO expenses was decided in the board meeting and after taking the report/opinion from the chartered accountant - expenses were incurred wholly and exclusively in connection with the transfer of the shares - held allowable
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