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No sec. 11 relief if trust was doing supermarket business on commercial lines, being not incidental to its objects
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Corporate Tax
No sec. 11 relief if trust was doing supermarket business on commercial lines, being not incidental to its objects
Posted on
on
May 1, 2015
Tenet Tax Daily May 01 2015
By
tenettax-team
Corporate Tax
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Mere non-registration of asset in name of assessee doesn’t lead to denial of deprecation claim thereon
Non-resident co.’s service of preparing finance scheme and arranging national and international loans, was ‘consultancy service’
