MAT - Book profit - Amortization of lease hold land has been ...

Leasehold and Unclassified Land Amortization Follows ICAI Standards 10 and 6, Complies with Companies Act and Section 115JB MAT Rules.

September 5, 2015

Case Laws Income Tax AT

MAT - Book profit - Amortization of lease hold land has been made as per accounting standard 10 of ICAI and amortization of land unclassified as per Accounting Standard 6 of ICAI and in view of CAG, which has been done to meet the requirement of companies Act and amortization of land is permitted u/s 115JB. - AT

View Source

← Previous Next →

MAT - Book profit - Amortization of lease hold land has been ...

Leasehold and Unclassified Land Amortization Follows ICAI Standards 10 and 6, Complies with Companies Act and Section 115JB MAT Rules.

September 5, 2015

Case Laws Income Tax AT

You may also like:

Nature of land - capital gain on sale of land - exemption u/s 10(37) - assessee's agricultural land was compulsorily acquired by following entire procedure prescribed...

Deduction u/s 10(37) - sale of agricultural land - the land was agricultural land and was being used for agricultural operations prior to the date of acquisition during...

The AAR held that: (i) assignment of leasehold land rights constitutes a taxable service under GST Laws, classifiable as "Other miscellaneous service" (SAC 999792) and...

The circular issued by SEBI on Industry Standards for verification of market rumors mandates top listed entities to comply with Regulation 30(11) of LODR Regulations....

Revocation of Customs Broker Licence - forfeiture of security deposit - imposition of penalty - failure to to comply with the provisions of Regulations 10(a), 10(d),...

The HC held that initiating proceedings against the petitioner alleging violation of Section 6(3)(b) of FEMA Act in 2021 was without jurisdiction. Section 6(3)(b) stood...

Depreciation @ 10% on landscaping & development charges which is capitalized in nature of land allowed - AT

Exemption u/s 10(37) - impugned land was acquired by executing a sale deed in favour of Vizhinjam International Seaport - the entire procedure prescribed under the Land...

This circular specifies due diligence requirements for Alternative Investment Funds (AIFs) to prevent circumvention of regulatory frameworks. Key points include: AIFs...

ITC of GST paid on services for surrendering leasehold rights not eligible when construction activity not undertaken on leasehold land. SC in Safari Retreats laid down...

Disallowance of amortization of premium on leasehold land - Looking to the nature of the advantage which the assessee obtained in a commercial sense, the expenditure...

Benefit of exemption claimed u/s 10(37) - compulsory acquisition of agricultural land - Since the land of the assessee is situated in the municipality as per the...

Long term capital gain (LTCG) - compulsory acquisition of land - the said land owned by the assessee is an agricultural land and was used for the purpose of agriculture...

Maintainability of appeal - appeal rejected as being defective for non-payment of the pre-deposit - the appeals filed by the instant petitioners u/s 107 of the CGST/BGST...

This document discusses the responsibilities and obligations of auditors, particularly principal auditors, in conducting audits of group financial statements under the...

Quick Updates: