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...
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 4899 
