Tenet Tax Daily April 09 2014
ITAT explains interplay between Article 7 and Article 13 of India-UK DTAA
ITAT explains interplay between Article 7 and Article 13 of India-UK DTAA
Tenet Tax Daily April 09 2014
ITAT upheld levy of penalty for tax audit default as assessee failed to furnish bona-fide reasons for default
Tenet Tax Daily April 08 2014
No withholding from sum paid to NR agent who was assisting to win a contract to be carried outside India
Tenet Tax Daily April 07 2014
Assessment order held invalid as special audit was directed without an opportunity of being heard to assessee
Tenet Tax Daily April 05 2014
No disallowance for TDS default if tax deducted was deposited before due date of filing return.
Tenet Tax Daily April 04 2014
Assessee needn’t be unemployed while going abroad for a job; only stay in India would determine residential status
Tenet Tax Daily April 03 2014
Interest on IT refund is to be taxed by spreading it over the years to which it relates, rules HC
Tenet Tax Daily April 02 2014
Cross-charge of salaries not involving any profit element is not income to the foreign company and assessee was not required to deduct TDS
Tenet Tax Daily April 01 2014
Reassessment held invalid as it was not followed by a prior assessment or best judgment assessment
Tenet Tax Daily March 31 2014
CBDT signed first batch of Five Unilateral Advance Pricing Agreements
Tenet Tax Daily March 29 2014
Repair and maintenance is an ongoing process for running business centres; allowable as revenue expenditure
Tenet Tax Daily March 28 2014
HC raps AO for rejecting Vodafone’s application for ‘Nil’ TDS certificate without assigning any reasons thereof
Tenet Tax Daily March 27 2014
Sec. 254 can’t be invoked to recall entire order as otherwise it would be a review and not rectification
Tenet Tax Daily March 26 2014
Rental income of godown constructed on an agricultural land couldn’t be termed as agriculture income.
Tenet Tax Daily March 25 2014
Lessor allowed to claim depreciation as there was no doubt on purchase and letting out of machinery
Tenet Tax Daily March 24 2014
Additional claim can be made only by filing a revised return and not by filing a revised computation
Tenet Tax Daily March 22 2014
Mere transfer of an amount from subsidy account to partner’s capital account wouldn’t make it liable to tax
Tenet Tax Daily March 21 2014