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Mere mentioning of country’s name and detail of expenses does not indicate purpose of foreign travel; disallowable
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Corporate Tax
Mere mentioning of country’s name and detail of expenses does not indicate purpose of foreign travel; disallowable
Posted on
on
January 30, 2015
Tenet Tax Daily January 30 2015
By
tenettax-team
Corporate Tax
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“Umbrella” of combined entity level TNMM can’t be used to benchmark separate transactions on combined basis
Brokerage paid to mobilize public deposit was revenue exp. if interest was payable on it and deposit had fixed term