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...
Objective characteristics govern magnesium bis-glycinate chelate classification as an amino-acid coordination compound, not a food preparation or anti...
Independent professional certification requires pleaded knowledge or complicity for criminal liability; untimely complaints remain barred by limitatio...
Assessments concern timing and allowability of various business...
Time Relevance of Expense: commission deductible when incurred; restructuring transfers, lease obligations upheld; unenforceable sale agreement bars loss claim.
Contents
Summary
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Assessments concern timing and allowability of various business deductions. Commission paid to secure a tenant was held to be a genuine, time relevant business expense deductible when incurred rather than deferred to rent receipt. Interest on continued loans was accepted due to prior recognition and use of interest free funds. Transfer of non current investments to a group holding was treated as business expediency for corporate consolidation and not disturbed. Housekeeping and security costs payable under the lease were deductible as operational obligations. Claimed capital loss carry forward was disallowed where sale agreements were not acted upon and lacked enforceable documentation.
Assessments concern timing and allowability of various business deductions. Commission paid to secure a tenant was held to be a genuine, time relevant business expense deductible when incurred rather than deferred to rent receipt. Interest on continued loans was accepted due to prior recognition and use of interest free funds. Transfer of non current investments to a group holding was treated as business expediency for corporate consolidation and not disturbed. Housekeeping and security costs payable under the lease were deductible as operational obligations. Claimed capital loss carry forward was disallowed where sale agreements were not acted upon and lacked enforceable documentation.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4801
Join Channel
TaxTMI 
