Expenditure Allowance on Compensation Paid to Subsidiary Companies : SC Dismisses Income Tax Dept’s SLP Filed after Gross Delay of 340 Days [Read Order]
Expenditure Allowance on Compensation Paid to Subsidiary Companies is incidental to its business but also justified by commercial expediency, as it aimed to mitigate the losses incurred by its subsidiaries
By Navasree A.M - On February 26, 2024 5:51 pm - 2 mins read
The Supreme Court dismissed the Special Leave Petition ( SLP ) filed by the income Tax Department along with a condonation application of 340 days regarding the matter on expenditure allowance on compensation paid by holding company to its subsidiary companies. The bench of Justice B V Nagarathna and Justice Augustine George Masih, in its…
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