Tenet Tax Daily October 17 2015
Corporate guarantee given to foreign AE couldn’t be held as international transaction under transfer pricing
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
No disallowance of interest if borrowed sum was given to affiliate without any interest for commercial expediency
Tenet Tax Daily October 07 2015
Delhi ITAT uses ‘Berry Ratio’ to determine ALP for Sogo Sasha entity by following case of ‘Mitsubishi’
Tenet Tax Daily October 06 2015
High Court gets flak from Apex Court for deciding appeal without framing substantial question of law
Tenet Tax Daily October 05 2015
Acquisition of right to telecast a movie via satellite for 99 years held as sale; not liable to TDS
Tenet Tax Daily October 03 2015
Provision made by Telecom operator for dismantling towers after termination of lease wasn’t liable to TDS
Tenet Tax Daily October 02 2015
Payment made to foreign service providers towards international toll free services is ‘FTS’
Tenet Tax Daily October 01 2015
Education consultancy services provided by US based co. weren’t taxable in absence of its PE in India
Tenet Tax Daily September 30 2015
No commission involved on sale of prepaid mobile vouchers to distributors below their face value; no sec. 194H TDS
Tenet Tax Daily September 29 2015
No withholding tax on foreign agency commission as revenue failed to prove that expenses were taxable in India
Tenet Tax Daily September 28 2015