New User   Login      
Tax Management India .com TMI - Tax Management India. Com
Extracts
Home List
← Previous Next →

2016 (4) TMI 306 - ITAT MUMBAI

2016 (4) TMI 306 - ITAT MUMBAI - TMI - Agriculture income - Held that:- As decided in assessee's own case 7/12 extracts reflected that mango trees, coconut trees, guava, jamun, rice, cashew nut etc. are being grown. The finding recorded by the learned CIT(A) has not been controverted by the learned D.R. by bringing any positive material on record, we, therefore, find no reason to interfere with the findings recorded by the learned CIT(A) holding that the assessee had earned agricultural income o .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

pt income.

Applicability of section 74A - CIT(A) recorded a categorical finding to the effect that it constitutes only around 15% of the gross receipt, therefore, only loss incurred thereon is liable to be disallowed u/s 74A to be set off against other income - Held that:- As decided in assessee's own case Section 74A is not applicable for the activity of breeding of horses since these horses are maintained for breeding and selling and not for running horse races. The activity of bre .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

rores is recovered on account of livery expenses from other horse owners, who have utilized the stables and other services of the stud farm of the assessee. After considering the remand report and corroborative evidences filed before him, the ld. CIT(A) reached to the conclusion that only the business loss in respect of horse breeding activity was liable to be set off against business income whereas loss of ₹ 1,18,63,894/- is from horse racing activity not eligible for set off against busi .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

Boaz, A. M. These are cross appeals by the assessee and Revenue, directed against the orders of the CIT(A)-38, Mumbai for assessment years 2009-10 & 2010-11 both dated 26.02.2014. Since common grounds have been raised for both the assessment years under consideration, these appeals were heard together and are being disposed off by way of this consolidated order. 2. The facts of the case, in brief, are as under: - 2.1 The assessee company is engaged in the business of both ship management as .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

wances: - (i) Disallowance of lease rent paid for use of land for agriculture ₹ 39,22,064/- (ii) Agricultural income treated as income from other sources ₹ 9,97,800/- (iii) Losses from activity of owning and maintenance of horses not being allowed to be set off with the business income under section 74A(3) of the Act. ₹ 8,52,73,864/- For A.Y. 2010-11, the assessee filed its return of income on 15.10.2010 declaring total income of ₹ 3,54,71,825/-. The case was taken up for .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

the business income under section 74A(3) of the Act. ₹ 5,83,75,790/- 2.2 Aggrieved by the orders of assessment for assessment years 2009-10 & 2010-11 dated November 2011 and 30.01.2013 respectively, the assessee preferred appeals before the CIT(A)-38, Mumbai. The learned CIT(A) disposed off the appeals for assessment years 2009-10 & 2010-11 vide separate orders dated 26.02.2014 allowing the assessee partial relief in both the assessment years. 3. Aggrieved by the impugned orders of .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

,24,264/- would not be allowable while computing the income of the appellant. 2] The learned CIT(A) further erred in holding that the lease rent paid in excess of the agricultural income earned by the appellant company would be disallowable u/s 14A of the Act. 3] The learned CIT(A) failed to appreciate that the lease rent paid by the appellant company was incurred wholly and exclusively for its stud farm business and accordingly, the same should have been allowed while computing the income of th .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

gaged in the business of breeding of thoroughbred horses at the company's stud farm established at village Nanoli Dist. Pune and hence, the provisions of section 74A were not applicable to the facts of the present case. 6] The learned CIT(A) erred in not appreciating that provisions of section 74A were applicable only in a case where the assessee had income only from stake money and not from any other source and since in the present case, assessee's main source of income was from breedin .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

ses' was a separate activity carried out by the assessee company, the learned CIT(A) erred in directing the learned Assessing Officer to verify the nature of expenditure of ₹ 2,35,73,128/- incurred on stud farm staff salaries & wages, sponsorship expenses, legal and professional fees and identify the expenses relating to horse breeding activity and the activity of owning and maintaining race horses and accordingly allow set off of expenses relating to the horse breeding activity ag .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

orses. 7.1] He erred in not appreciating that most of the above expenses (i.e. ₹ 2,07,45,318/- out of ₹ 2,35,73,128/-) were incurred for the breeding business of the assessee company and that the appellant company had furnished the bifurcation to the learned Assessing Officer during the assessment proceedings as well as during the remand report proceedings and to the learned CIT(A) during the appeal proceedings and hence, the same were not required to be allocated to the activity of .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

and livestock breeding business carried out by the assessee. 8] The Appellant Company craves leave to add, to alter, amend, modify and/ or delete any or all of the above Grounds of Appeal. Revenue s Appeal in ITA No. 4073/Mum/2014 for A.Y. 2009-10 4.2 In this appeal, the assessee has raised the following grounds: - 1. On the facts and in the circumstances of the case and in law, the ld CIT(A) erred in holding income of ₹ 9,97,800/- as agricultural income, ignoring the fact that as per 7/1 .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

d the income from the two activities were not separately indicated in the return of income. 5. At the outset the learned A.R. for the assessee submitted that the grounds raised at S. Nos. 7 to 7.2 (supra) by the assessee are not being pressed in this appeal. In view of grounds at S.Nos. 7 to 7.2 not being pressed, they are rendered infructuous and are accordingly dismissed. 6. Ground No. 8 of the assessee s appeal is general in nature and therefore no adjudication is called for thereon. 7. Groun .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

paid was incurred wholly and exclusively for the assessee s stud farm business and hence should have been allowed. It is also contended that the learned CIT(A) ought to have appreciated that the lease rent paid was not hit by the provisions of section 14A of the Act and that no disallowance thereunder was called for. The learned A.R. for the assessee, however, fairly conceded that the issue raised in grounds 1 to 4 (supra) has been considered and held against the assessee by the decision of the .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

ons of both parties and perused and carefully considered the material on record, including the judicial decision of the Coordinate Bench cited (supra). The facts of the matter as emanate from the record are that in the course of assessment proceedings the Assessing Officer (AO) examined the declared agricultural income of ₹ 8,01,175/- earned from the land taken on lease from three Directors of the assessee company to whom lease rent amounting to ₹ 29,24,264/- was paid. The AO stated .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

s attributable to natural activity. It was also stated that since the details of agricultural income and expenditure along with the vouchers were not furnished to substantiate the claim of agricultural income, the income stated to have been earned from agricultural income amounting to ₹ 9,97,800/- was proposed to be disallowed and the same was proposed to be treated as income from Other Sources. Further, the assessee was asked to show cause as to why the lease rents of 29,24,264/- paid to .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

er consideration, the company took agricultural land on lease from the directors and paid lease rentals as per the lease deeds. It is further stated that paddock grass, oats, grams and vegetables etc. were grown by using unskilled personnel and casual workers. It was further stated that the details of agricultural produce, which was sold in the market were also being furnished. It was contended that it was incorrect to state that the details called for were not filed. 7.4 The A.O did not agree w .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

in the form of 7/12 extracts. The AO took the view that there was no agricultural activity carried on the lands taken on lease and, therefore, the income claimed to have been earned from agricultural activities has to be treated as Income under 'Other Sources'. Further, it was held that the expenditure incurred towards the lease rent paid to the directors as disallowable. AO has also taken an alternative stand to the effect that since the lease rent paid to the directors pertains to earn .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

agricultural activities. The learned CIT(A), after considering the assessee s submission and for the reasons stated in his predecessor s orders in the assessee s case for assessment years 2007-08 and 2008-09, held that the expenditure incurred for earning agricultural income has to be set off against the income from agricultural operations. Consequently, the expenditure amounting to ₹ 29,24,264/- was set off against the income of 9,97,800/- and the resultant loss from agricultural operatio .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

appellant is treated as agricultural income. The other connected issue is the allowability of lease rents paid to the Directors of the appellant company for leasing the lands to the appellant. In terms of section 14A of the Act, expenditure incurred in relation to earning any exempted income is liable to be disallowed. In this case, earning of agricultural income involved expenditure of lease rents amounting to ₹ 29,24,264/- and the same is rightly disallowed. Therefore, the said disallowa .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

both the assessee and Revenue are in further appeal before us. 7.7.1 We have heard the rival contentions of the assessee and the Revenue and have perused and carefully considered the material on record, including the decision of the Coordinate Bench of this Tribunal in the assessee s own case in ITA Nos. 2151, 2152, 2766 & 2767/Mum/2012 dated 11.06.2015. We find that the issues before us in respect of the grounds at S.Nos. 1 to 4 raised by the assessee and ground No. 1raised by the Revenue .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

ence, insofar as the A.O. had given notice for producing the evidence only at the fag end of the assessment proceedings i.e. 10 to 15 days time. Under these circumstances, the learned CIT(A) admitted the additional evidence filed before him and sent the same to the A.O. for his remand report. From the record we found that the assessee has a business of maintaining a stud farm at Nanoli near Talegaon, Pune. It has its own land and it has also taken about 133 acres of land on rent from Dhunjibhoy .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

which the A.O. treated as non agricultural income. After considering the remand report, the learned CIT(A) has recorded a categorical finding to the effect that the assessee had carried on agricultural operations and earned income of ₹ 8,01,175/-. The grass is paddock grass (dhoop grass) which is specially planted as it is a feed for the horses. It does not have spontaneous growth and hence, it is an agricultural activity. In the following cases, it has been held that if the grass is plant .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

arned CIT(A) also recorded a finding to the effect that 7/12 extracts reflected that mango trees, coconut trees, guava, jamun, rice, cashew nut etc. are being grown. The finding recorded by the learned CIT(A) has not been controverted by the learned D.R. by bringing any positive material on record, we, therefore, find no reason to interfere with the findings recorded by the learned CIT(A) holding that the assessee had earned agricultural income of ₹ 8,01,175/-. With regard to lease rent ex .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

CIT(A) without giving opportunity to the A.O. In this regard, we found that the A.O. has not given sufficient opportunity to the assessee, insofar as the documents were asked at the fag end of the assessment proceedings, therefore, the assessee could not furnish the same before the A.O. These documents were filed before the learned CIT(A) who has sent all these documents to the A.O. for his remand report. The A.O. has examined all these documents and sends his remand report. Accordingly, there .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

of expenditure incurred in the form of lease rentals for earning exempt income u/s 14A of the Act. 7.7.2 Respectfully following the decision of the Coordinate Bench of this Tribunal in the assessee s own case in ITA Nos. 2151, 2152, 2766 & 2767/Mum/2012 dated 11.06.2015 for assessment years 2007-08 and 2008-09, we dismiss ground No. raised by Revenue with regard to the finding that the assessee had earned agricultural income of ₹ 9,97,800/- and also dismiss ground Nos. 1 to 4 raised by .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

ivity of owning and maintaining race horses as defined in the Explanation to section 74A of the Act, without appreciating that the assessee company was engaged in the business of breeding of thoroughbred horses at the company s stud farm at Nanoli Village, Pune District and therefore the provisions of section 74A were not applicable to the facts of the assessee s case. In view of the above contention, it is submitted that the entire expenditure incurred by the assessee in the case on hand was al .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

and Revenue respectively by the decision of the Coordinate Bench of this Tribunal in ITA No. 21151, 2152, 2766 & 2767/Mum/2012 dated 11.06.2015. 8.2 The learned D.R. was heard in the matter in respect of grounds raised by the assessee. He was also heard in respect of grounds No. 2 taken by Revenue wherein it was contended that the learned CIT(A) erred in directing the AO to set off business losses of ₹ 5,51,64,798/- incurred in respect of horse breeding activities without appreciating .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

ting to ₹ 6,32,44,117/-. In this regard the AO has examined the activities undertaken by the assessee. It was observed that the assessee has been carrying on the business of (i) Ship Management and (ii) Owning and maintaining horse breeding farm cum-race horses. It is stated by the A.O, in the assessment order, that the total receipts from the activities of owning and maintaining horse breeding farm cum race horses were shown at ₹ 4,11,90,283/- and the expenditure incurred on the sai .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

8,68,17,295/- (6,32,44,117 + 2,35,73,128). In the said show cause notice, the AO proposed to disallow the set-off of the above expenditure of ₹ 8,68,17,245/- against the business income i.e., the income earned from ship management fee and proposed to allow carry forward of the said expenditure, in terms of subsection (3) of Section 74A of the Act. 8.3.2 In response to the show cause notice, the assessee submitted a detailed reply and the same is fully reproduced in para 5.4 of the assessm .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

he nature of the business. It is submitted that in the year 1994, the appellant entered into the business of livestock breeding constituting thoroughbred horses at the company's farm established at village Nanoli District, Pune. For the purpose of this business, the company has constructed stables and other necessary structures at the company's farm, It is explained that the horse breeding is reproduction in horses which is a human-directed process involving selective breeding of animals .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

olved the sale of two year old horses which are bred at the farm; the company owned broodmares (a female horse used for breeding), which are covered by stallions; stallions and broodmares never participate in races, but they only participate in breeding activities. Appellant has further explained the nature of the industry and emphasized that it is a specialized industry which has to be understood as such. Once a foal is borne, it is maintained at the farm for two years and is sold by a private .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

and management of valuable livestock. Horse breeding involves multifarious activities; one such activity is to identify stallions and mares and source the same for import; the formalities of import involves coordination at various levels such as obtaining a licence for import in accordance with the procedures laid down by the Director General of Foreign Trade, based on the recommendations of the sponsoring authority namely Director Animal Husbandry and Veterinary Services of State Government. I .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

arm and products have to be showcased to the potential purchasers. For this reason, a few horses are entered into the races so as to earn good reputation as a breeder and to ensure better price for the progenies produced in the stud farm of the assessee. It is further stated that the breeders do not participate in the horse races but their horses run when there is a prospective buyer who wants to see the potential of the horse before buying. Therefore, it is necessary to participate in various r .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

ted a small percentage as compared to the total number of horses sold; out of approximately 300 horses, about 15% of the horses participated in the races; there are stallions and broodmares which only participate in breeding activities and do not participate in races. It was further submitted that much more details could be furnished; however, only a concise particulars were made available and in the event the AO is not satisfied; it was requested that technical persons would make further submis .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

d the written submissions of the appellant wherein the stand of the A.O has been contested are carefully examined. The A.O has examined the accounting information submitted by the appellant during the remand proceedings and has stated that the bifurcation in terms of horse breeding activity and racing activity is in consonance with the profit & loss account submitted by the assessee before the Assessing Officer. However, it is stated by the A.O in the remand report that the assessee has not .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

the year 2001 and the assessment year under consideration is 2009-10. 8.9 In the assessment order, the A.O has not considered the contentions of the assessee so as to determine breakup of the incomes and expenditure pertaining to breeding activities and racing activities as two distinct activities. Instead A.O has treated both the activities as falling under section 74A(3) of the Act which deals with only the losses arising on account of owning & maintaining race horses. As verified and rep .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

l matrix and accounting information, it is apparent that the appellant has been carrying on the business of a stud farm which was commenced several years ago. There are certain distinct streams of income which are attributable to only horse breeding activities/stud farm. They are training fees, covering fees, livery expenses, sale of livestock etc. These streams of income cannot be considered as income derived from owning & maintaining the race horses. For instance, an amount of ₹ 1,55 .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

arm and the receipts attributable to the racing activities such as stake money are distinct in nature and the same were identifiable in the books of account under different accounting codes. As stated by the A.O in the Remand Report, the income & expenditure breakup provided specifically for stud farm arid racing was verified vis-a-vis the books of account during the remand proceedings. As stated in the remand report, the breakup submitted by the appellant for the stud farm and racing income .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

treated these two distinct activities as a single activity of owning & maintaining the race horses and accordingly the loss as computed by the A.O in the assessment order is allowed to be carried forward u/s. 74A(3) of the Act. The factual information and the accounting data do not support the conclusions as arrived at in the assessment order. For instance, the appellant has also highlighted the fact that only a small percentage of the total number of horses have participated in the races. .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

ney and the amount by which such income falls short of the amount of expenditure which is laid out by the assessee wholly and exclusively for the purpose of maintaining race horses. 8.12 On a careful examination of the above contentions of the appellant, it is seen that the stand taken by the A.O in the assessment order is erroneous. On the other hand, the main grounds of appeal of the appellant that the entire activity has to be treated as horse breeding activity and racing activity being only .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

ounds of appeal for A.Y.2008-09. Since identical issues arose in the appeal for the A.Y.2009-10, the analysis and conclusions as arrived at in the appellate orders for the A.Yrs.2007- 08 and 2008-09 by the predecessor CIT(A) vide order No.CIT(A) -38/IT- 388/2009-10 for the A.Y.2007-08 and order No.CIT(A)-38/316/ 2010- 11 for the A.Y.2008-09 dated 23.01.2012, mutatis mutandi, are applicable to this appellate order as well. 8.13 The issue of horse breeding activity as a distinct business activity .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

horse breeding activity is nothing but a business activity. Therefore, the profits or losses arising from such an activity have to be treated as business profits or losses and the same have to be computed under the head Business. On the other hand, the loss as computed by the appellant in terms of the racing segment, and verified by the A.O during the remand proceedings, has to be carried forward u/s.74A(3) of the Act. The stand taken by the A.O in the assessment order is not legally tenable sin .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

activity amounting to ₹ 5,51,64,798/- against the other business income and carry forward the loss arrived at in the racing segment amounting to ₹ 65,35,938/- in terms of section 74A(3) of the Act. In respect of the additional expenses of ₹ 2,35,73,128/- (please see paragraph 8.1 above), the A.0 is directed to verify the nature of the expenditure and identify the expenses relating to horse breeding activity and the activity of owning and maintaining race horses and accordingly .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

Bench of this Tribunal in the assessee s own case for assessment years 2007-08 and 2008-09 in ITA No. 2151, 2152, 2766 and 2767/Mum/2012 dated 11.06.2015. We find that the issue before us in respect of grounds at S.Nos. 5 & 6 raised by the assessee and ground No. 2 raised by Revenue have been considered and adjudicated by the Coordinate Bench of this Tribunal in the assessee s own case for assessment year 2007- 08 and 2008-09 dated 11.06.2015 (supra), wherein at para 20 thereof the Coordinat .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

/-. It has set off of this loss against the income from shipping business as per the P&L account. The A.O. held that breeding and racing activities constitute one activity u/s 74A the loss from the activity of owning and maintaining race horses cannot be set off against any other income and it can be carried forward and set off only against the income from the activity of owning and maintaining the race horses in the future years. Accordingly, the A.O. disallowed the set off of loss from the .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

assessee submitted a columner profit and loss account of the race horses owning and maintenance activity and breeding horses owning and maintenance activity for the year ended 31st March 2007. This bifurcation was done on the basis of separate cost code and ledger accounts maintained in the books of accounts to record the receipts and expenditure in respect of race horses and breeding horses. In the remand report, the A.O. has agreed that the bifurcation is in consonance with the P & L Acco .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

t the entire loss should be allowed for set off. The assessee has also shown the bifurcation of its receipts from stud farm and it is to be noted that out of the total receipts of ₹ 4,75,70,112/- from this activity, stakes won in the races are amounting to ₹ 69,51,746/- only and hence, this indicates that racing income is just 15% of total income and breeding is the main activity. The assessee has given its object in the Memorandum of Association which is the breeding activity. As pe .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

oss of ₹ 1,18,63,894/- pertains to racing activity and the same is to be disallowed for set off while the balance loss of ₹ 1,89,92,554/- is from breeding activity and it is allowed to be set off against the income from ship management business as section 74A cannot be applied to the loss from breeding business. The ld. CIT(A) has recorded a categorical finding to the effect that the company had on an average 300 horses owned by it at the farm and horses of the clients at the farms o .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

ount submitted by the assessee company. After considering the remand report and corroborative evidences, the ld. CIT(A) recorded a categorical finding to the effect that it constitutes only around 15% of the gross receipt, therefore, only loss incurred thereon is liable to be disallowed u/s 74A to be set off against other income. Section 74A is not applicable for the activity of breeding of horses since these horses are maintained for breeding and selling and not for running horse races. The act .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

8377; 1.94 crores is recovered on account of livery expenses from other horse owners, who have utilized the stables and other services of the stud farm of the assessee. After considering the remand report and corroborative evidences filed before him, the ld. CIT(A) reached to the conclusion that only the business loss in respect of horse breeding activity amounting to ₹ 1,89,92,554/- was liable to be set off against business income whereas loss of ₹ 1,18,63,894/- is from horse racing .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 



|| Home || Acts and Rules || Notifications || Circulars || Schedules || Tariff || Forms || Case Laws || Manuals ||

|| About us || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members || Site Map ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version