Tenet Tax Daily February 07 2015
Sec. 154 had to be invoked when AO had wrongly mentioned agriculture income under the head exp.
Ad-hoc sec. 40(a)(ia) disallowance made as books didn’t show true state of affairs on job charges paid to affiliate
Tenet Tax Daily February 06 2015
No addition on basis of remand report by AO if he failed to verify authenticity of facts on merits
Tenet Tax Daily February 05 2015
TP norms would not put fetters on selection of foreign comparables if Indian Cos didn’t satisfy test of comparability
Tenet Tax Daily February 04 2015
ALP of advertisement exp. reimbursed to foreign AE couldn’t be taken at nil if it was incurred for Indian affiliate
Tenet Tax Daily February 03 2015
HC grants Sec. 80-IA relief on gains attributable to captive consumption of power generated from windmill
Tenet Tax Daily February 02 2015