Patent-settlement expenditure treated as commercially expedient revenue outlay, with foreign-law restrictions inapplicable before the prospective amen...
International transaction benchmarking restricts transfer pricing adjustments to associated-enterprise dealings, while functional comparability govern...
Conversion of the partnership firm into a Pvt. Ltd. company - Violation of the conditions u/s 47(xiii) - part capital was allotted as shares to erstwhile partners and balance by way of loan credits - when a firm is succeeded by a company with no change either in the number of members or in the value of assets with no dissolution of the firm - unless and until the first condition of transfer by way of distribution of assets is satisfied, Section 45(4) will not be attracted
Conversion of the partnership firm into a Pvt. Ltd. company - Violation of the conditions u/s 47(xiii) - part capital was allotted as shares to erstwhile partners and balance by way of loan credits - when a firm is succeeded by a company with no change either in the number of members or in the value of assets with no dissolution of the firm - unless and until the first condition of transfer by way of distribution of assets is satisfied, Section 45(4) will not be attracted
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