TMI BlogCourt Rules on Taxable Service Valuation: Quarterly Royalty Reversals and Interest Liabilities Explained Under Associated Enterprise Regulations.Valuation of taxable service - associated enterprise - booking of royalty every month has a credit and debit entry just as the reversal at the end of each quarter - , the appellant's liability is limited to interest for the first two months of each quarter to the extent of amount not paid or short-paid - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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