SEZ-unit profit deduction covers voluntary transfer-pricing adjustments, while exempt-income costs, foreign-exchange loss and ITeS comparables are exa...
Infrastructure-development deduction remains available to EPC contractors when substantive statutory conditions outweigh contractor labels in agreemen...
Allowability of interest expenditure u/s 36(1)(iii) - prior to its amendment by Finance Act, 2015 - prohibition of claim of interest on revenue account only where capital was borrowed for acquisition of an asset for ‘extension of existing business or profession’ - since capital borrowed resulted in acquisition of asset without resulting in extension of existing business per se - revenue expenditure
Allowability of interest expenditure u/s 36(1)(iii) - prior to its amendment by Finance Act, 2015 - prohibition of claim of interest on revenue account only where capital was borrowed for acquisition of an asset for ‘extension of existing business or profession’ - since capital borrowed resulted in acquisition of asset without resulting in extension of existing business per se - revenue expenditure
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
