https://www.taxtmi.com/news?id=414 Prima facie assessment adjustments were deemed inapplicable where conflicting authority existed, removing additional tax liability under the related assessment levy; carry forward of amortisation expenses for film production and carry forward of business losses are distinct statutory mechanisms and may be treated differently on reassessment; expenses for transporting offshore employees were characterised as subject to fringe benefit tax, with the fringe benefit provisions applying beyond resident persons and clarifying the interplay of the subsections governing liability and computation. en-us Thu, 08 May 2008 23:20:00 +0530 Mon, 23 Jun 2008 13:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=414 Prima facie assessment adjustments were deemed inapplicable where conflicting authority existed, removing additional tax liability under the related assessment levy; carry forward of amortisation expenses for film production and carry forward of business losses are distinct statutory mechanisms and may be treated differently on reassessment; expenses for transporting offshore employees were characterised as subject to fringe benefit tax, with the fringe benefit provisions applying beyond resident persons and clarifying the interplay of the subsections governing liability and computation. News - Thu, 08 May 2008 23:20:00 +0530 https://www.taxtmi.com/news?id=414