Supreme Court Denies Mutuality Claim for Advertising Subsidiary: Yum! Restaurants vs. Commissioner of Income Tax (24 April 2020)

/ A.M. Khanwilkar, Conditions for Mutuality, Dinesh Maheshwari, Doctrine of Mutuality, Income Tax Act, 1961, Judges, Mutual Concern, Section 2(24), Income Tax Act, 1961, Tax Exemption

Supreme Court Denies Mutuality Claim for Advertising Subsidiary: Yum! Restaurants vs. Commissioner of Income Tax (2020) Date of the Judgment: 24 April 2020 Citation: (2020) INSC 288 Judges: A.M. Khanwilkar, J. and Dinesh Maheshwari, J. Can a company, created as a subsidiary for advertising and marketing, claim tax exemption under the doctrine of mutuality? The […]

Supreme Court Denies Mutuality Claim for Advertising Subsidiary: Yum! Restaurants vs. Commissioner of Income Tax (24 April 2020) Read Post »