Tag: Deemed
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No Deemed Dividend on Enterprise Loans Between Holding and Subsidiary Underneath Part 2(22)(e): ITAT Ruling
Part 2(22)(e) applies solely to gratuitous loans or advances to shareholders, to not reciprocal and business-related transactions The Revenue Tax Appellate Tribunal (ITAT), Mumbai Bench, delivered a ruling upholding aid granted by the CIT(A) on a number of contentious points together with deemed dividend, depreciation on time-share property, and fee expenditure. The bench dismissed the…
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FIFA’s World Cup Ticket Costs Deemed ‘Monumental Betrayal’ by Soccer Supporters Europe
Supporters hoping to attend subsequent yr’s World Cup ultimate face paying huge costs, with tickets within the ‘supporter worth tier’ beginning at £3,119 ($4,185). Followers’ group Soccer Supporters Europe has stated it’s “astonished” by Fifa’s “extortionate” pricing technique. The excessive costs for group video games and the ultimate have been leaking out on Thursday as…