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 principles preclude notional interest on quasi-equity OFCDs or unrecoverable associated-enterprise funding where recovery is uncertain and no real income accrues; payment under an invoked guarantee is not necessarily a lending transaction. Parent-company guarantees require arm's-length treatment distinct from bank guarantees. Inventory may be valued at the lower of cost and net realisable value where a consistently applied method and adverse market conditions support the valuation. Actual share-transfer consideration could not be replaced with fair market value to deny capital losses before the applicable substitution provision took effect. Foreign-exchange loss, income reconciliation, depreciation set-off and TDS credit require factual verification, including whether corresponding income was taxed.
Transfer-pricing principles preclude notional interest on quasi-equity OFCDs or unrecoverable associated-enterprise funding where recovery is uncertain and no real income accrues; payment under an invoked guarantee is not necessarily a lending transaction. Parent-company guarantees require arm's-length treatment distinct from bank guarantees. Inventory may be valued at the lower of cost and net realisable value where a consistently applied method and adverse market conditions support the valuation. Actual share-transfer consideration could not be replaced with fair market value to deny capital losses before the applicable substitution provision took effect. Foreign-exchange loss, income reconciliation, depreciation set-off and TDS credit require factual verification, including whether corresponding income was taxed.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4899 
