Functional, asset and risk analysis excludes diversified technology companies from captive software development comparables under cost-plus arrangemen...
Mobile-phone electronic evidence failed to establish customs undervaluation, while duty survived on non-authentic origin certificates without importer...
Automotive radio classification treats integrated infotainment features as supplementary, placing complete and qualifying unassembled units under the ...
Separate corporate personality prevents directors from being personally liable for company deposits without a guarantee or independent legal undertaki...
Cross-segment derivatives manipulation: integrated order patterns can support interim restraints, while director liability requires responsibility, co...
Unrecovered amounts arising from a chit foreman's obligation to make good subscriber defaults qualify for deduction as bad debts or, alternatively, business losses. Consistent allowance of interest on security deposits and commission and gifts paid to associated entities should continue where facts, legal position and operating arrangements remain unchanged. Royalty for a non-exclusive, non-transferable logo licence, without ownership or acquisition of an enduring asset, is revenue expenditure. Overdraft-interest disallowance is unwarranted where surplus funds are sufficient to make interest-free advances.
Unrecovered amounts arising from a chit foreman's obligation to make good subscriber defaults qualify for deduction as bad debts or, alternatively, business losses. Consistent allowance of interest on security deposits and commission and gifts paid to associated entities should continue where facts, legal position and operating arrangements remain unchanged. Royalty for a non-exclusive, non-transferable logo licence, without ownership or acquisition of an enduring asset, is revenue expenditure. Overdraft-interest disallowance is unwarranted where surplus funds are sufficient to make interest-free advances.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4910 
