Tenet Tax Daily October 28 2015
Chief CIT rightly ordered forfeiture of bidding amount on failure of petitioner to pay entire amount within time
Interim award received in pursuance of order of HC couldn’t be taxed until final decision of HC was pronounced
Tenet Tax Daily October 27 2015
Non-withdrawal of allegations against counsel after agreeing to withdraw such charges is contempt of Court
Tenet Tax Daily October 26 2015
Fee paid for conducting market research & advising on new technological developments in China is FTS
Tenet Tax Daily October 24 2015
Interest paid to be set-off against interest earned on lending to holding Co. for commercial expediency
Tenet Tax Daily October 23 2015
Compensation received by prospective employee on termination of employment contract isn’t taxable
Tenet Tax Daily October 22 2015
DLF isn’t dominant player in Delhi in presence of developers like DDA, Ansal and API
Tenet Tax Daily October 21 2015
Payer not at fault for not approaching AO under sec. 195(2) as it made purchase contract and not composite contract
Tenet Tax Daily October 20 2015
Bill management services aren’t professional services; liable to sec. 194C TDS and not sec. 194J TDS
Tenet Tax Daily October 19 2015
Corporate guarantee given to foreign AE couldn’t be held as international transaction under transfer pricing
Tenet Tax Daily October 17 2015
Prior to 1-6-2013 developer wasn’t liable to TDS on purchase of property from NR due to non-discrimination clause
Tenet Tax Daily October 16 2015
No reassessment when info on concealed income was already existing at time of assessment
Tenet Tax Daily October 15 2015
Even payment made under oral contract would attract TDS under sec. 194C
Tenet Tax Daily October 14 2015
Investment of borrowed funds in shares would not show that assessee was carrying on business of investment in shares
Tenet Tax Daily October 13 2015
Second proviso to section 40(a)(ia) has retrospective effect
Tenet Tax Daily October 12 2015
Sum paid for live coverage of IPL matches isn’t FTS under India-UK DTAA
Tenet Tax Daily October 10 2015
Transactions of unlisted shares of group concern at throw away prices wasn’t genuine transactions
Tenet Tax Daily October 09 2015
Petitioner convicted for cheque dishonour as cheques were issued to pay off debt and weren’t stolen
Tenet Tax Daily October 08 2015