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Compensation awarded under Motor Vehicle Act and interest accrued thereon in bank weren’t taxable
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Corporate Tax
Compensation awarded under Motor Vehicle Act and interest accrued thereon in bank weren’t taxable
Posted on
on
January 17, 2015
Tenet Tax Daily January 17 2015
By
tenettax-team
Corporate Tax
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Forex loss couldn’t be considered while computing ALP of purchases if sale/purchase wasn’t at pre-determined rates
Sum paid for obtaining permanent right to use design engineering services won’t fall within the purview of royalty