Treating compensation income as operating income for PLI ...

Compensation Income in Regular Business Operations to Be Classified as Operating Income for Profit Level Indicator (PLI) Calculation.

July 13, 2019

Case Laws Income Tax AT

Treating compensation income as operating income for PLI calculation - compensation income has arisen during regular conduct of operation of the business, this income cannot be considered to be one time income to justify its exclusion on the ground of extraordinary income - part of PLI calculation

View Source

← Previous Next →

Treating compensation income as operating income for PLI ...

Compensation Income in Regular Business Operations to Be Classified as Operating Income for Profit Level Indicator (PLI) Calculation.

July 13, 2019

Case Laws Income Tax AT

You may also like:

Additional income offered on account of excess stock during the course of survey - business income of the assessee OR income from other sources liable to be taxed at a...

Addition u/s 69B r.w.s.115BBE - during the course of survey action discrepancies were found on account of physical verification of stock vis-a-vis regular books of...

Characterization of arbitral award compensation as business income under India-Japan tax treaty. Principal portion arising from contractual obligation constitutes...

The High Court held that rent income derived from letting out properties by the assessee should be treated as 'Income from Profits and Gains of Business' and not 'Income...

TP Adjustment - Disallowance of non-operating and non-allocable expenses incurred for exploring new business in the line of Maintenance and Operations of Transportation...

Interest income earned by a co-operative society formed and managed by the Government, in its regular course of operations, forms part of revenue attributable to...

Characterization of receipts - Treatment of interest income from staff loans and advances, interest income from other loans and advances and miscellaneous income -...

Correct head of income - compensation received for vacating the flat - While the assessee argued for capital gain treatment, the Revenue contended it should be...

Correct head of income - the major source of income for the assessee is rental income. The assessee obtained long-term lease of the property and sub-leased the same in a...

Treatment of property lease income as income under the head “Profits and Gains of Business or Profession” - the nature of business of the assessee as “Operation of Mall’...

Nature of unaccounted surrendered income emanating from the seized document - business income OR deemed income u/s 69 - The income is business income relatable to...

Income from license fees - income under the head ‘Income from other sources’ OR 'business income' - AT

Correct head of income - letting out of Hotel/Resort as running business - treatment of revenue receipts from operation of Hotel/Resort - Contract for managing the...

Correct head on income - Income from trees - Any compensation received in lieu of loss thereof would form part of assessee’s trading operations. The same is evident from...

Rectification proceedings u/s. 154 - Unexplained investment addition u/s 69 - The case involved the treatment of surrendered undisclosed income under the head of...

Quick Updates: