But a finance official of the high tribunal said the allegedly lavish expenses were presumed to be regular since no notice of disallowance
was issued to question it.
Based on the Commission on Audits (COA) Notice of Disallowance
(ND), Reynor received P90,000 in allowances while Cesar received P83,880 from January 2014 to December 2014.
transfers of funds, hiring of private lawyers/consultants, travel expenses, collective negotiation agreements, unauthorized benefits and more) that result in COA's notices of suspension, notices of disallowance
and notices of charges.
2 lakh will not result in any disallowance
of expenditure under section 40A (3) of the Income-tax Act, 1961.
A statement issued by the Chamber of Minerals and Energy of Western Australia quoted AngloGold Ashantl Senior Vice President Mike Erickson as saying, "The disallowance
of the proposed gold royalty increase is a great outcome for jobs and for Western Australia.
Accordingly the UFG disallowance
, which directly erodes the Company's profit, has been reduced to almost 50% viz Rs.
The new rules are subject to a disallowance
motion in the Federal Parliament but this has not yet been determined.
6) Alternatively, if the aircraft is owned directly by the taxpayer, then any personal use of the aircraft by the owner or guest may result in a direct disallowance
of deductions attributable to personal flights.
The UK disallowance
record is poor; penalties totalling PS642m (PS2.
The apex court posted the next hearing for March 20 during which it will examine the RIL's response to the Comptroller and Auditor General ( CAG) report that had sought disallowance
of $ 357.
Winston-Salem, NC-based BB&T Corporation (NYSE: BBT) has responded to a ruling by the US Court of Federal Claims regarding the Internal Revenue Service's disallowance
of tax deductions and foreign tax credits in connection with a financing transaction by BB&T in 2002.
In X's case, the disallowance
would be "direct," because the otherwise-deductible transfer was made in kind with property that was itself received tax free.