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...
Nature of expenditure - contribution made towards the construction of the new bridge - the contribution enabling its being carried on more efficiently or more profitably and yet, at the same time, the fixed capital of the Assessee was left untouched - the expenditure was clearly on revenue account and not on capital account, though it resulted into an advantage of enduring nature
Nature of expenditure - contribution made towards the construction of the new bridge - the contribution enabling its being carried on more efficiently or more profitably and yet, at the same time, the fixed capital of the Assessee was left untouched - the expenditure was clearly on revenue account and not on capital account, though it resulted into an advantage of enduring nature
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4792
Join Channel
TaxTMI 
