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Opening And Closing Stock Of The Year Is To Be Valued By Applying Same Methodology: Kerala High Court

The Kerala High Court has held that the stipulation under Clause 16 of the Income Computation and Disclosure Standards (ICDS) for the adoption of first-in, first-out (FIFO) or weighted average cost. ....

Justice Dinesh Kumar Singh , Ajay Vohra , Kerala High Court , Income Computation , Disclosure Standards , Assessment Year , Finance Act , Central Government , Income Tax Act , Official Gazette , Accounting Standards , Financial Year , Income Tax , For Petitioner ,

Delivery Cost And Warranty Expenses Are Post Sales Activities Doesn't Form The Part Of AMP Expenditure For Amazon India: ITAT

The Bangalore Bench of Income Tax Appellate Tribunal (ITAT) has held that delivery costs and warranty expenses are not part of advertising, marketing, and promotion (AMP) expenditures.The bench of. ....

Laxmi Prasad Sahu , Ajay Vohra , Amazon Corporate Holdings Private , Bangalore Bench , Income Tax Appellate Tribunal , Vice President , Accountant Member , Amazon Corporate Holdings Private Limited , For Appellant ,

OYO Not Liable To Deduct TDS On Minimum Guarantee Payments Made To Hotels: ITAT

The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that the assessee OYO is not liable for TDS under Section 194C of the Income Tax Act on the minimum guarantee payments made to. ....

Ajay Vohra , Delhi Bench , Income Tax Appellate Tribunal , Income Tax Act , Kul Bharat , Judicial Member , Accountant Member , Assessing Officer , For Appellant , Educt Tds ,