Tenet Tax Daily August 27 2014
An assessee is entitled to interest on tax refund even if it arises after adjustment of MAT credit
Income accrues on completion of services; ITAT accepts Completion Contract Method for revenue recognition
Tenet Tax Daily August 26 2014
HC dismissed writ as alternate remedy was available to challenge issue regarding validity of reassessment notice
Tenet Tax Daily August 25 2014
Interest granted on tax refund could be withdrawn by AO for giving effect to order passed by ITAT
Tenet Tax Daily August 23 2014
Gymkhana Club providing sports and other recreational facilities only to its members can’t be treated as charitable trust
Tenet Tax Daily August 22 2014
Cos with huge turnover, abnormal profits or functional differences are excludible from comparables list
Tenet Tax Daily August 21 2014
Payment to foreign co. to conduct navigation studies at Indian port doesn’t satisfy ‘make available’ clause; no FTS
Tenet Tax Daily August 20 2014
Cos. engaged in sales of software can’t be used as comparables for Cos. providing software development services
Tenet Tax Daily August 19 2014
Consultant doesn’t impart any experience to client when he renders consultancy services; not to be treated as royalty
Tenet Tax Daily August 18 2014
CIT can’t revise order of AO because he loses his jurisdiction due to a circular issued by CBDT subsequently
Tenet Tax Daily August 16 2014
Assessment of amalgamating Co. after its amalgamation with successor Co. is null and void
Tenet Tax Daily August 15 2014
An assessee is entitled to interest on tax refund even if it arises after adjustment of MAT credit
Tenet Tax Daily August 14 2014
No sec. 69A additions if jewellery found in search was within permissible limit as stipulated by CBDT in its circular
Tenet Tax Daily August 13 2014
Income accrues on completion of services; ITAT accepts Completion Contract Method for revenue recognition
Tenet Tax Daily August 12 2014
Tenet News Flash – Revised India-Malta DTAA
Tenet News Flash – August 11 2014
HC dismissed writ as alternate remedy was available to challenge issue regarding validity of reassessment notice
Tenet Tax Daily August 11 2014
Sum received on termination of agency’s term is a capital receipt as it puts an end to income earning apparatus
Tenet Tax Daily August 09 2014