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![Expenditure on Subsidiary for Commercial Expediency Allowable as Business Deduction: Bombay HC in Mahindra Case [Read Order]](https://images.taxscan.in/h-upload/2025/08/18/500x300_2078050-business-deduction-bombay-hc-in-mahindra-case-taxscan.webp "Expenditure on Subsidiary for Commercial Expediency Allowable as Business Deduction: Bombay HC in Mahindra Case [Read Order]")
Expenditure on Subsidiary for Commercial Expediency Allowable as Business Deduction: Bombay HC in Mahindra Case [Read Order]
In a recent ruling, the Bombay High Court held that expenditure incurred by a company on its subsidiary for commercial expediency is allowable as a...
India-UK FTA: India to Reduce Import Tariffs on Luxury Cars such as JLR, Aston Martin, Bentley and Rolls-Royce to 10%
In a watershed moment for the automotive and trade relationship between India and the United Kingdom, both nations have finalised a landmark Free Trade Agreement (FTA) after nearly three years of...
