The Supreme court of India held that excess of income over expenditure in the hands of a company is taxable. The assessee, Yum! Restaurants (Marketing) Private Limited was incorporated by Yum! Restaurants (Marketing) Private Limited (YRIPL) as its fully owned subsidiary after having obtained approval from the Secretariat for Industrial Assistance (SIA) for the purpose […]
from Taxscan | Simplifying Tax Laws https://ift.tt/3aATUP4
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