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...
Page of 4786
Press 'Enter' after typing page number.
161 to 180 of 95715 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
Disallowance of advertisement expenses claimed by medical professional u/s 37(1) due to violation of Indian Medical Council Guidelines, 2002 prohibiting solicitation of patients. CIT(A) erred in restricting disallowance to 50% without verification and reasons. Assessee failed to substantiate allowability during assessment proceedings and provide details like bank statements, TDS on payments to advertisers. AO's objection upheld as expenditure prohibited by law cannot be allowed for business purpose. CIT(A)'s order set aside, AO's disallowance restored. Assessee's appeal dismissed.
Disallowance of advertisement expenses claimed by medical professional u/s 37(1) due to violation of Indian Medical Council Guidelines, 2002 prohibiting solicitation of patients. CIT(A) erred in restricting disallowance to 50% without verification and reasons. Assessee failed to substantiate allowability during assessment proceedings and provide details like bank statements, TDS on payments to advertisers. AO's objection upheld as expenditure prohibited by law cannot be allowed for business purpose. CIT(A)'s order set aside, AO's disallowance restored. Assessee's appeal dismissed.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4786
Join Channel
TaxTMI 
