Suspension of insolvency professional registration prevents continued Resolution Professional appointments and restricts interim stays that effectivel...
Original works exemption for railway contracts depends on actual integrated construction scope, while accessible tax data defeats suppression allegati...
Survey surrender characterisation determines whether mixed excess stock and business-linked cash face normal taxation or special deemed-income taxatio...
Transfer-pricing comparability under TNMM requires a FAR analysis; company size may support a turnover filter, excluding high-turnover entities when determining arm's length remuneration for software development services. Where depreciation materially differs because of asset types, technology or investment levels, a cash profit level indicator excluding depreciation may compare real margins. Provision for bad and doubtful debts remains operating expenditure unless extraordinary. Free-use testing equipment supplied by an associated enterprise does not create a taxable business perquisite where ownership remains with the enterprise, no depreciation is claimed, and use is confined to testing software for it.
Transfer-pricing comparability under TNMM requires a FAR analysis; company size may support a turnover filter, excluding high-turnover entities when determining arm's length remuneration for software development services. Where depreciation materially differs because of asset types, technology or investment levels, a cash profit level indicator excluding depreciation may compare real margins. Provision for bad and doubtful debts remains operating expenditure unless extraordinary. Free-use testing equipment supplied by an associated enterprise does not create a taxable business perquisite where ownership remains with the enterprise, no depreciation is claimed, and use is confined to testing software for it.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4910 
