India-UK treaty characterisation of telecom-service receipts as business profits withstands unilateral domestic-law amendments for Indian tax purposes...
Transfer-pricing reimbursement adjustments require uncontrolled comparables and cannot become expense-genuineness reviews, resulting in deletion of th...
Food import sampling requirements support provisional release where unseized consignments conform to standards and raw areca classification is unestab...
Expenses under the head research and development - deduction of such expenses under the provisions of section 37(1) OR u/s 35 - the genuineness of the expenses cannot be a criteria for allowing the deduction u/s 37(1) - R & D facility was not exclusively used by the assessee for its own activities. - CIT (A) has rightly allowed the relief to the assessee to the tune of 50% of the total expenses incurred under the head research and development activities. - AT
Expenses under the head research and development - deduction of such expenses under the provisions of section 37(1) OR u/s 35 - the genuineness of the expenses cannot be a criteria for allowing the deduction u/s 37(1) - R & D facility was not exclusively used by the assessee for its own activities. - CIT (A) has rightly allowed the relief to the assessee to the tune of 50% of the total expenses incurred under the head research and development activities. - AT
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4868 
