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No sec. 10B relief if unit had shown artificial profit due to interest-free loan from director; reassessment upheld
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Corporate Tax
No sec. 10B relief if unit had shown artificial profit due to interest-free loan from director; reassessment upheld
Posted on
on
November 14, 2016
tenet-tax-daily-november-09-2016
By
tenettax-team
Corporate Tax
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Healthcare, insurance and other businesses of ‘Max India’ held as one business under Income-tax
Bank guarantee given for foreign AE couldn’t be benchmarked on basis of bonds to be raised in Indian market