Tax exemption for specified legal-services authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and...
Approved resolution plans extinguish unsubmitted pre-approval tax claims, preventing later recovery outside the insolvency process and preserving a cl...
Transfer pricing comparability requires functional alignment and permits working capital adjustment, while APA margins cannot govern non-covered years...
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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