Valuation - Section 67 - Associated enterprises - lease rent ...

Case Laws Service Tax

November 3, 2015

Valuation - Section 67 - Associated enterprises - lease rent equalisation shown in Balance sheet - - The amount shown in the balance sheet is not an 'income' for the purposes of computing Tax under the Income Tax Act. In the result it is also not a 'payment' actually received or receivable, and therefore neither 'consideration' nor the 'gross amount charged' - No service tax - AT

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Valuation - Section 67 - Associated enterprises - lease rent ...

Case Laws Service Tax

November 3, 2015

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