.. relied on the Hon’ble Supreme Court case of Alembic Chemical Works Co. Ltd., Vs. CIT [(1989) 177 ITR 377] and opined that professional and consultancy charges incurred by the Appellant for the acquisition of the two companies can’t be treated as revenue in nature.
Source: a2ztaxcorp.com
Latest Posts in "India"
- India announces changes in the Invoice Management System
- GST: India’s Grand Federal Bargain Becomes Imperfect Political Compromise After Eight Years
- GST 2.0 Boosts Bengal’s Economy with Rate Cuts on Local Goods and Industries
- Finance Minister Addresses GST Transition Concerns, Outlines Measures for Smooth Implementation
- Rajasthan HC Rules Principal-to-Principal Service Contracts as Export, Not Intermediary, Under GST
