Subvention payment - amount received from parent company - If ...

High Court Rules Subvention Payments from Parent Company as Revenue Receipts for Subsidiaries' Profitability and Expense Coverage.

November 30, 2013

Case Laws Income Tax HC

Subvention payment - amount received from parent company - If the financial assistance is extended to run business more profitably or to meet recurring expenses, such payment will have to be treated as revenue receipt - HC

View Source

← Previous Next →

Subvention payment - amount received from parent company - If ...

High Court Rules Subvention Payments from Parent Company as Revenue Receipts for Subsidiaries' Profitability and Expense Coverage.

November 30, 2013

Case Laws Income Tax HC

You may also like:

The case involved determining the liability of a subsidiary company to pay service tax for services provided by its parent company in the USA. The subsidiary had...

Subvention assistance received from Holding Company - thus amount infused by BHW Holding AG, Germany to the assessee by way of subvention assistance, is taxable as a...

ITAT held that for a 100% subsidiary of a listed parent company, Section 56(2)(viib) does not apply when shares are issued at premium. The tribunal determined that since...

Deemed dividend addition u/s 2(22)(e) - loan transaction from one subsidiary to another subsidiary company with common parent company - It is not possible to accept the...

HC ruled against treating NIPL (subsidiary) as a Permanent Establishment (PE) of Nokia OY (parent company). The court emphasized that Article 5(8) of DTAA requires more...

Supply of Services - activity of holding of shares of subsidiary company by holding company - During the proceedings, the Central and State Governments issued...

The ITAT examined two issues: (1) Tax deduction at source (TDS) u/s 195 on payments to seconded employees, and (2) disallowance of technology fees paid to the parent...

Valuation of imported goods - related persons - Subvention payments by a parent company to its loss making subsidiary - We find that original authority had given...

Disallowance u/s 36(1)(iii) - claim of interest expenditure - The companies GIL and CNIL are subsidiary companies, which clearly indicates that the investment made by...

Depreciation on goodwill claimed on acquisition of its subsidiary - the assessee company was holding 95% of total equity share capital of its subsidiary RMIPL prior to...

Advances to subsidiary company – Allowability as bad debt – the loss of advance by the assessee company to its 100% subsidiary company is to be allowed as a business loss - AT

Expenditure incurred by subsidiary company for overseeing and executing contracts entered by parent company cannot be considered as business loss of subsidiary....

Transfer of ESOP/ESPP/RSU by foreign holding company to employees of domestic subsidiary company does not attract GST where no additional fee, markup or commission is...

Disallowance of Interest Expenses related to Interest free Advance/loan given to its subsidiary company - The loan advanced to subsidiary company is financed from...

Capital gain - transfer of a capital asset by assessee to its subsidiary company - There are different shareholders of preference share capital other than the holding...

Quick Updates: