https://www.taxtmi.com/highlights?id=25689 Valuation - Section 67 - Associated enterprises - lease rent equalisation shown in Balance sheet - - The amount shown in the balance sheet is not an 'income' for the purposes of computing Tax under the Income Tax Act. In the result it is also not a 'payment' actually received or receivable, and therefore neither 'consideration' nor the 'gross amount charged' - No service tax - AT en-us Tue, 03 Nov 2015 06:29:40 +0530 Tue, 03 Nov 2015 06:29:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=25689 Valuation - Section 67 - Associated enterprises - lease rent equalisation shown in Balance sheet - - The amount shown in the balance sheet is not an 'income' for the purposes of computing Tax under the Income Tax Act. In the result it is also not a 'payment' actually received or receivable, and therefore neither 'consideration' nor the 'gross amount charged' - No service tax - AT Highlights Service Tax Tue, 03 Nov 2015 06:29:40 +0530 https://www.taxtmi.com/highlights?id=25689