![Expenditure Allowance on Compensation Paid to Subsidiary Companies : SC Dismisses Income Tax Dept’s SLP Filed after Gross Delay of 340 Days [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/Supreme-Court-Income-Tax-Department-Income-Tax-Expenditure-allowance-Subsidiary-company-compensation-taxscan.jpg "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 : SC Dismisses Income Tax Dept’s SLP Filed after Gross Delay of 340 Days [Read Order]
The Supreme Court dismissed the Special Leave Petition ( SLP ) filed by the income Tax Department along with a condonation application of 340 days...
![Holding of shares of subsidiary company by Holding company is Not Supply, No GST CBIC Clarifies [Read Circular]](https://www.taxscan.in/wp-content/uploads/2023/07/Holding-of-shares-of-subsidiary-company-Holding-company-shares-of-subsidiary-company-Supply-GST-CBIC-taxscan.jpg "Holding of shares of subsidiary company by Holding company is Not Supply, No GST CBIC Clarifies [Read Circular]")
![Advance to Subsidiary Company Written Off Due to Non-Repayment shall be Deductible u/s 37(1) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Subsidiary-Company-Written-Off-Non-Repayment-Income-Tax-Act-ITAT-Taxscan.jpg "Advance to Subsidiary Company Written Off Due to Non-Repayment shall be Deductible u/s 37(1) of Income Tax Act: ITAT [Read Order]")
![Interest expenses u/s 36(1)(iii) not allowable for Utilization of Funds for Investment in Shares of Subsidiary Company: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Interest-Funds-Investment-in-Shares-of-Subsidiary-Company-ITAT-TAXSCAN.jpg "Interest expenses u/s 36(1)(iii) not allowable for Utilization of Funds for Investment in Shares of Subsidiary Company: ITAT [Read Order]")
![Advance given to Subsidiary Company for the Purpose of Business to be allowed as Loss Incidental to Business: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/Advance-Subsidiary-Company-Loss-Business-ITAT.jpg "Advance given to Subsidiary Company for the Purpose of Business to be allowed as Loss Incidental to Business: ITAT [Read Order]")
![Deduction allowable to Loss on Investment in Subsidiary made to Boost Sales: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/02/Deduction-Loss-on-Investment-Boost-Sales-ITAT-taxscan.jpg "Deduction allowable to Loss on Investment in Subsidiary made to Boost Sales: ITAT [Read Order]")
Madras HC directs AO to determine borrowed funds were used for advancing loans to Subsidiary Company or Surplus Funds of Company were diverted [Read Judgment]
The Madras High Court directed the Assessing Officer to determine whether borrowed funds used for advancing loans to Subsidiary Company or Surplus Funds of Company were diverted. The Revenue has...
![Madras HC directs AO to determine borrowed funds were used for advancing loans to Subsidiary Company or Surplus Funds of Company were diverted [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/10/Madras-High-court-directs-AO-determine-borrowed-funds-advancing-loans-Subsidiary-Company-Surplus-Funds-Company-Taxscan.jpeg "Madras HC directs AO to determine borrowed funds were used for advancing loans to Subsidiary Company or Surplus Funds of Company were diverted [Read Judgment]")
Re-computation of Capital Gains on Sale of Shares of Subsidiary Company by Revising Genuine Sale Consideration : ITAT dismisses Appeal
The Mumbai bench of Income Tax Appellate Tribunal (ITAT), while dismissing the appeal filed by the revenue held that re computation of capital gains on sale of shares of subsidiary company by...
![Loss incurred on Sale of Shares of Subsidiary Companies is Business Loss: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/07/Shares-TaxScan.jpg "Loss incurred on Sale of Shares of Subsidiary Companies is Business Loss: ITAT [Read Order]")
Assessee can’t be treated as ‘Manpower Supply Agency’ on Deputation of Employees to Subsidiary Company: CESTAT [Read Order]
The Delhi bench of Customs, Excise & Service Tax Appellate Tribunal ( CESTAT ) in the case of M/s Punj Lloyd Ltd versus CST Delhi, has held that an Assessee can’t be treated as ‘ Manpower Supply...
![Assessee can’t be treated as ‘Manpower Supply Agency’ on Deputation of Employees to Subsidiary Company: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/03/Manpower-Supply-Agency-Taxscan.jpg "Assessee can’t be treated as ‘Manpower Supply Agency’ on Deputation of Employees to Subsidiary Company: CESTAT [Read Order]")
Transfer of Capital Assets by a Company to Step down 100% Subsidiary Company would not attract Capital Gain Tax: ITAT [Read Order]
While hearing the case between M/s. Emami Infrastructure Limited vs. Income Tax Officer (ITO), Kolkata bench of Income Tax Appellate Tribunal (ITAT) recently ruled that transfer of capital assets by a...
![Transfer of Capital Assets by a Company to Step down 100% Subsidiary Company would not attract Capital Gain Tax: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/03/Capital-Gain-Tax-Taxscan.jpg "Transfer of Capital Assets by a Company to Step down 100% Subsidiary Company would not attract Capital Gain Tax: ITAT [Read Order]")