Windmill commissioning evidence supported higher depreciation where grid connection and electricity generation proved operational use before the relev...
Pharmaceutical promotion and transfer-pricing comparability principles limited disallowances, while uncorroborated search allegations and unsupported ...
Business expenditure substantiation supports scrap credits, statutory payments and expense claims, while depreciation requires proof of actual busines...
The case involved a challenge to assessment orders regarding whether sponsorship receipts constitute "payment for admission to entertainment." The court examined if the pre-amended Section 2(m) of the Delhi Entertainment and Betting Tax Act covered sponsorship of fashion shows and sporting events for extending tax u/s 6. The court held that sponsorship receipts did not fall under the taxable event for entertainment tax as defined in Section 6. The retrospective introduction of Explanation 2 was deemed burdensome and onerous, not clarificatory. The court concluded that the Act lacked a specific charging provision for taxing sponsorships and did not provide a mechanism for assessing and collecting tax on sponsorships. Therefore, the petition was allowed by the High Court.
The case involved a challenge to assessment orders regarding whether sponsorship receipts constitute "payment for admission to entertainment." The court examined if the pre-amended Section 2(m) of the Delhi Entertainment and Betting Tax Act covered sponsorship of fashion shows and sporting events for extending tax u/s 6. The court held that sponsorship receipts did not fall under the taxable event for entertainment tax as defined in Section 6. The retrospective introduction of Explanation 2 was deemed burdensome and onerous, not clarificatory. The court concluded that the Act lacked a specific charging provision for taxing sponsorships and did not provide a mechanism for assessing and collecting tax on sponsorships. Therefore, the petition was allowed by the High Court.
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