Business expenditure deduction requires proof of genuine commission payments and commercial allowability; turnover growth alone cannot validate the cl...
Article 8 treaty coverage excluded third-party airline support services, while documented demonetisation cash receipts remained accepted business inco...
Functional comparability under TNMM requires highway contract benchmarks to reflect operation, maintenance and transfer activities, requiring fresh be...
Eligibility for deduction u/s 80IA - The Tribunal held that a joint venture undertaking engaged in developing a new Domestic Arrival Block at an airport, is eligible for a deduction under Section 80-IA(4) of the Income Tax Act. This decision was based on the finding that the contract with the Airports Authority of India (AAI), a statutory body, meets the criteria for development work and not just a works contract.
Eligibility for deduction u/s 80IA - The Tribunal held that a joint venture undertaking engaged in developing a new Domestic Arrival Block at an airport, is eligible for a deduction under Section 80-IA(4) of the Income Tax Act. This decision was based on the finding that the contract with the Airports Authority of India (AAI), a statutory body, meets the criteria for development work and not just a works contract.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4782
Join Channel
TaxTMI 
