1.Back Ground Facts: The XYZ Corporation of India Limited ((hereinafter referred as “ABCD” or “querist”), is an Indian state-owned electric utilities company headquartered in Gurugram, India. XYZ transmits about 50% of the total power generated in India on its transmission network. ABCD Private vide its IOM has issued instruction to its finance team to recover …
1. Back Ground Facts: The applicant is a company registered under the companies act 1956 vide registration no 028687 (CIN No. U40101UP2004SGC028687) with its registered office at Vidyut Shakti Bhawan, 14A Ashok Marg Lucknow UP. It was established on 31st May 2004 by Government of Uttar Pradesh. Under the provision of the Electricity Act, 2003, …
Legal Opinion 1. Back Ground Facts: The XYZ Corporation of India Limited ((hereinafter referred as “ABCD private limited” or “querist”), is an Indian state-owned electric utilities company headquartered in Gurugram, India. POWERGRID transmits about 50% of the total power generated in India on its transmission network. Being Govt.Company, it is subjected to Propriety Audit conducted …
Tax Treatment of Licence Fee/HRR Recovery on Company Leased Accommodation Read More »
1.Back Ground Facts: The XYZ Corporation of India Limited ((hereinafter referred as “ABCD” or “querist”), is an Indian state-owned electric utilities company headquartered in Gurugram, India. XYZ transmits about 50% of the total XYZ generated in India on its transmission network. A. ABCD has following JVs: – SNo. Name Equity Partners Purpose 1 XYZ Limited …
APPLICABILITY OF SECTION 286 OF THE INCOME TAX ACT 1961 ON XYZ CORPORATION Read More »
1.Back Ground XYZ Corporation of India Limited (hereinafter referred as “ABC”) has joint venture in XYZ Transmission Company Nepal Limited (hereinafter referred as “XYZ”). ABC holds 26% of equity shares of XYZ. During the financial year 2017-18, XYZ has declared 22.5% dividend on 10th January 2018 which is expected to be received in May 2018. …
ASSISTANT STATE TAX OFFICER (INTELLIGENCE) , ALAPPUZHA VERSUS VST AND SONS (P) LIMITED, Detention of motor vehicle – RANGE ROVER motor vehicle transported from Coimbatore to Thiruvananthapuram as ‘used personal effect’ of the 2nd respondent – detention on the ground that the same was transported without the E-way bill – requirement of e-way bill for …
