Commercial expediency

  • Income Tax

Non compete fee paid under deed of covenant held not taxable. Revenue can not guess commercial expediency

Non compete fee paid under deed of covenant held not taxable. Revenue has no business to second guess commercial or…

4 years ago
  • Income Tax

Business expediency not a question of law, much less a substantial question of law-High Court

Business expediency not a question of law, much less a substantial question of law-High Court. If expected fruits are not…

6 years ago
  • Income Tax

Interest free loan to subsidiary-disallowance for commercial expediency not relevant if advances given out of interest free funds – Punjab & Haryana HC

Interest free loan to subsidiary-disallowance for commercial expediency not relevant if advances given out of interest free funds - Punjab…

7 years ago
  • Income Tax

Commercial expediency-Disallowance for loan-advance u/s 40A(2).Once commercial expediency established beyond doubt no further test to be applied -Allahabad High Court

Commercial expediency-Disallowance for loan-advance u/s 40A(2).Once commercial expediency established  beyond doubt no further test to be applied -Allahabad High Court…

7 years ago