Tenet Tax Daily May 11 2015
House constructed by builder on behalf of assessee has to be considered for granting sec. 54F relief to assessee
TPO couldn’t determine ALP of services as Nil without examining docs showing rendition of services by AE
Tenet Tax Daily May 09 2015
AAR couldn’t reject application without explaining how transaction via Mauritius route was made for tax avoidance
Tenet Tax Daily May 08 2015
AO can’t make reference to Valuation Officer without declaration of lesser sale price by assessee
Tenet Tax Daily May 07 2015
No reassessment after 4 years without obtaining sanction of CIT – original assessment was made under sec. 143(3)
Tenet Tax Daily May 06 2015
No deemed income of NR u/s 9 when it had established Liaison office in India to purchase goods for export
Tenet Tax Daily May 05 2015
Non-resident co.’s service of preparing finance scheme and arranging national and international loans, was ‘consultancy service’
Tenet Tax Daily May 04 2015
No sec. 11 relief if trust was doing supermarket business on commercial lines, being not incidental to its objects
Tenet Tax Daily May 01 2015
Mere non-registration of asset in name of assessee doesn’t lead to denial of deprecation claim thereon
Tenet Tax Daily April 30 2015
No TDS on sum paid for extra cost incurred by contractor due to delay in completion of work by sub-contractor
Tenet Tax Daily April 29 2015