Co-operative credit society deduction on bank deposit interest upheld where funds were business funds and income remained attributable to member credi...
Transfer pricing benchmarking and receivables adjustments remanded: segmental financials need proper scrutiny, and foreign-currency interest must trac...
Section 35DDA payments linked to voluntary retirement schemes are amortisable over five years, but terminal benefits like gratuity and leave encashment are distinct service-linked benefits and are allowable in full where separately identified; denial based on later-enacted payment-timing provisions was rejected. Consideration for assignment of self-generated trademarks before the prospective amendment bringing trademarks within capital asset definition is a capital receipt because acquisition cost cannot be ascertained. Compensation for transfer of marketing rights and related know how is capital where the transfer extinguishes the assessee's income earning apparatus and deprives it of future exploitation rights.
Section 35DDA payments linked to voluntary retirement schemes are amortisable over five years, but terminal benefits like gratuity and leave encashment are distinct service-linked benefits and are allowable in full where separately identified; denial based on later-enacted payment-timing provisions was rejected. Consideration for assignment of self-generated trademarks before the prospective amendment bringing trademarks within capital asset definition is a capital receipt because acquisition cost cannot be ascertained. Compensation for transfer of marketing rights and related know how is capital where the transfer extinguishes the assessee's income earning apparatus and deprives it of future exploitation rights.
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