Register Daily Newsletters My Bookmarks My Queries (D. Forum) My Replies (D. Forum) My Articles My Inbox (PM) Feedback/ Suggestions
Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding

   For Sales / Support:
WhatsApp WhatsApp 9911796707
Case Laws Acts Notifications Circulars Classification Forms Manuals Articles News D. Forum Highlights Notes
TMI - e-Newsletter     TaxTMI    Clubs and Associations Win: Retrospective Tax...     TaxTMI    GST Rate Reduction Not Automatically Applicable:...     TaxTMI    Territorial Jurisdiction Denied: Petitioner...     TaxTMI    Gold Import Violation: Seizure Upheld as Court...     TaxTMI    Club Membership Services Face New Tax Liability as...     TaxTMI    Transfer Development Rights Not Taxable Under GST...     TaxTMI    Landmark Ruling: Retrospective Tax Amendments...     TaxTMI    Taxpayer Wins on Transfer Pricing Method and SEZ...     TaxTMI    Customs Introduces Streamlined Provisional...     TaxTMI    High-Stakes Tax Fraud Case: Evidence Reveals...     TaxTMI    E-way Bill Compliance: Complete Documentation...     TaxTMI    Land Development Agreement Not Subject to GST,...     TaxTMI    Landmark GST Voucher Ruling: Clarifies Tax...     TaxTMI    GST Council Clarifies Tax Rates for Agricultural...     TaxTMI    Comprehensive Trade Support Platform Launched to...     TaxTMI    Latest Case-Laws     TaxTMI    Latest Notifications + Circulars     TaxTMI    GST Council Decisions     TaxTMI       Right Stop
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram
Income Tax - Highlights / Catch Notes

Home Highlights November 2011 Year 2011 This

The subsidiary company is not a related person of the assessee ...


Subsidiary not a related person u/s 40A(2) of Income Tax Act; impacts related party transaction provisions.

November 26, 2011

Case Laws     Income Tax     HC

The subsidiary company is not a related person of the assessee within the meaning of clause (b) of section 40A(2) .... - HC

View Source

 

← Previous Next →

 

You may also like:

  1. Payment to related person u/s 40A - Addition on account of payment made by the assessee to quantum asset management company by way of research fee - A subsidiary company...

  2. Disallowance towards Client Maintenance Charges - ‘related party’ - ICICI Bank Ltd. does not fall in the definition of ‘related party’ in terms of Section 40A(2)(b) of...

  3. Valuation of imported goods - Related person - Merely because there were transfer of funds in India amongst three importers will not make them related persons in terms...

  4. CIRP proceedings - Financial Creditors - Related party - while the default rule under the first proviso to Section 21(2) is that only those financial creditors that are...

  5. Addition u/s 40A(2)(b) - disallowance of milk transportation charges paid to specified persons - as per the details, the payment to related parties works out to 62 paise...

  6. Addition u/s 40A(2) - assessee has paid interest to certain related parties and treated interest rate @ 15% reasonable and disallowed excess rate paid to related parties...

  7. Addition u/s 40A(2)(b) - purchases made by the assessee from related party - The department itself having accepted the price/value of the impugned transaction in the...

  8. Excess rent paid to the related party - Disallowance invoking the provision of section 40A(2)(b) - Since this definition provided u/s 56(2) is only for the said clause...

  9. Valuation - related party transaction - The transaction of ₹ 5 lakhs as loan on payment of interest cannot be the reason for holding partnership and private...

  10. Revision u/s 263 - The records of the instant case speaks that no details were filed by the assessee before the Ld. A.O to prove the reasonableness of payments made to...

  11. Disallowance made u/s 40A(2)(a) - higher salary paid to Directors - Related party transactions - the concerned directors are assessed to tax at the maximum rate of 30% -...

  12. Correct head of income - rental income earned by the assessee - Tribunal recorded its unequivocal finding that the lease deed under consideration was composite one and...

  13. Income received from letting of the premises - Mthough the Assessing Officer has discarded the claim of the assessee stating that it is a related party transaction, but...

  14. CIRP - Relating parties - As on the date of it becoming a part of the CoC, Respondent No. 2 was purely a Financial Creditor of the Corporate Debtor and hence, it cannot...

  15. Rejection of refund claim - Status of the Subsidiary as a Distinct Person - Export of software development services - The High Court examined the provisions of Section...

 

Quick Updates:Latest Updates

What's New:
    Latest Case Laws
What's New:
    Latest Notifications
What's New:
    Latest Circulars
A: LLPs Required to Submit Annual Returns Form 11 and Form 8 Annually, Fa...
A: Diamond Export Firm Partners Held Liable for Delayed Foreign Exchange ...
A: India Revokes Transit Permissions for Bangladesh Exports, Citing Logis...
A: Food Businesses Must Swiftly Remove Unsafe Products Under FSSAI Guidel...
A: Heavy Metals in Food: Silent Toxins Threatening Public Health Through ...
A: Toxic Calcium Carbide Ripens Fruits Dangerously, Causing Severe Health...
A: Decode Food Labels: Master Nutritional Info to Make Smarter, Healthier...
A: Indian Project Exports Council Empowers Businesses to Expand Global Re...
A: Empowering Indian Leather Exports: Strategic Support for Manufacturers...
A: Coir Board Empowers Micro Entrepreneurs with Strategic Support and Dev...
H: Income Tax Assessment Remanded: Comprehensive Re-examination Ordered w...
H: E-way Bill Violation: Invalid Documentation Leads to Penalty Confirmat...
H: Universities Exempt from GST on Affiliation Fees as Non-Commercial Reg...
H: Taxpayer Wins Challenge to Input Tax Credit Denial, Court Orders Compr...
H: Accused in Fraudulent ITC Case Secures Conditional Bail Following Comp...
H: High Court Rules Physical Tax Invoice Essential for Goods Transport Un...
H: Renting Property to Social Justice Department for Girls' Hostel Qualif...
H: Employee Service Recoveries Taxable Under GST: Canteen and Transport C...
H: Employee Canteen and Transportation Services Trigger Complex GST Impli...
H: Geo Membrane Water-Proof Lining Classified as Technical Textile Under ...
H: Land Rights Transfer Triggers 18% GST, Covering Leasehold, Buildings, ...
H: Tax Probe Reveals No Evidence of Evasion, Petitioner Granted Access to...
H: Taxpayer's Genuine Unawareness Justifies 161-Day Appeal Delay, Substan...
H: Customs Duty Notifications Upheld: Additional Levies Valid Despite Exe...
H: Forgery Case Quashed: Civil Settlement Trumps Criminal Proceedings Und...
F: Navigating Tax Residency Certificate Submission: Key Compliance Steps ...
F: Taxpayers Can Claim Input Tax Credit Despite Minor Invoice Address Dis...
F: Time Limits for CGST Act Section 122 Penalty Notices: Critical Analysi...
F: Exporters Navigate Complex Duty Benefits and IGST Refund Landscape Und...
F: Vendor Sales of Used Goods Under Margin Scheme Allowed with Specific T...