Tenet Tax Daily August 08 2013
Expenditure incurred to defend directors arrested for narcotics offence not an allowable business expenditure
Commission earned by NR agent for services rendered abroad not taxable in India in absence of PE in India
Tenet Tax Daily August 07 2013
Assessee can claim benefit of Sec. 10B deductions upon export of 75% of production
Tenet Tax Daily August 06 2013
No concealment penalty on failure of assessee to prove shareholders’ capacity to invest
Tenet Tax Daily August 05 2013
DDT to be refunded if dividend paying and receiving companies merged before declaration of dividend
Tenet Tax Daily August 03 2013
Legitimacy of gift by grandmother to grandson not to be doubted
Tenet Tax Daily August 02 2013
Forward contracts should have direct nexus with domain of assessee
Tenet Tax Daily August 01 2013