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Security deposit received from lessee isn’t deductible as ‘debt owed’ for computation of net wealth
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Corporate Tax
Security deposit received from lessee isn’t deductible as ‘debt owed’ for computation of net wealth
Posted on
on
March 31, 2015
Tenet Tax Daily March 28 2015
By
tenettax-team
Corporate Tax
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Assessment order was invalid as it was issued on basis of time barred notice under sec. 143(2)
ALP of advertisement exp. reimbursed to foreign AE couldn’t be taken at nil if it was incurred for Indian affiliate