Disallowance of guarantee fees - Guarantee fees paid to Govt. of ...

Income Tax

September 10, 2019

Disallowance of guarantee fees - Guarantee fees paid to Govt. of Gujarat was in connection with raising of loans and enduring benefit or advantage could not be said to have resulted by taking such loans - claim to be allowed as revenue expenditure - AT

View Source

← Previous Next →

Disallowance of guarantee fees - Guarantee fees paid to Govt. of ...

Income Tax

September 10, 2019

You may also like:

Nature of expenditure - claim of guarantee fees - The guarantee fees is directed to be allowed as revenue expenditure, subject to verification by the AO of the...

Amount paid by the assessee-company way by way of participation fees to Gujarat Vibrant Summit to encourage development activities in the State - expense allowed - AT

TP Adjustment - Upward adjustment of guarantee fee charges - BHPL itself has not claimed it as a deduction from any income and guarantee charges accordingly has been...

Loan from Govt. of India and UP Government, for the purpose of business, hence the interest in question is allowable u/s 36(1) - AT

Assessee has raised loans and paid interest and forwarded the same for non-business consideration therefore the interest from the said amount cannot be allowed as...

Nature of expenditure - Whether expenditure incurred by the assessee like stamp charges, loan processing fee on term loan, marketing fees, sourcing expenses, share issue...

The ‘upfront fee’ paid to Central Bank of India on loan taken from it is allowable as a deduction from the assessee’s income. - AT

Subsidy or not - incentives received under “Atma Nirbhar Gujarat Sahay Yojna” declared by the Gujarat Govt. - The applicant has submitted that after disbursement of loan...

Disallowance of Membership Fees paid to Cricket Club of India - The fact that assessee utilizes the facilities for the purpose of his business and it is brought on...

Levy of Service tax - corporate guarantee - The appellant having received consideration against providing guarantee to its related company in the form of ‘corporate...

Quick Updates: