One-time composite payment made in respect of 90 years lease is allowable over period of lease in equal proportion

INCOME TAX : Where as a result of demerger of parent company, few units were merged with assessee subsidiary company, legal and professional expenses towards demerger of units of parent company was to be allowed only to parent demerged company and not to resultant assessee companyINCOME TAX : Where as a result of demerger of parent company, few units were merged with assessee subsidiary company, legal and professional expenses towards demerger of units of parent company was to be allowed only to parent demerged company and not to resultant assessee companywww.taxmann.com Latest Case LawsRead More

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