Tenet Tax Daily July 19 2016
Exp. claimed after survey was disallowed as it was made to offset additional income offered in survey
Interest on FD was includible in operating profit as FD was made from advances received from buyers
Tenet Tax Daily July 18 2016
No reassessment after expiry of limitation period merely on basis of opinion expressed by higher forum
Tenet Tax Daily July 16 2016
Stock appreciation rights are taxable when employee is resident at the time of exercise of such rights
Tenet Tax Daily July 15 2016
AO directed to release seized gold as assessee had made timely application and explained source of acquisition
Tenet Tax Daily July 14 2016
Salary earned in USA exempted from tax as employee was held as resident of USA under tie-breaker rule of DTAA
Tenet Tax Daily July 13 2016
Duration of running each project undertaken by a Mauritian Co. to be seen separately for determination of PE in India
Tenet Tax Daily July 12 2016
Exp. incurred on interior designing of leasehold premises is deductible as revenue exp.
Tenet Tax Daily July 11 2016
Loss from derivative is a normal business loss and not a speculation loss
Tenet Tax Daily July 09 2016
AO rightly made reassessment as he had info that group entities of assessee were providing accommodation entries
Tenet Tax Daily July 08 2016
ITAT flaked for confirming addition of an exp. which wasn’t subject matter of appeal
Tenet Tax Daily July 07 2016
Payment for bio-analytical services provided by foreign Cos couldn’t be held as ‘FTS’ under India-USA treaty
Tenet Tax Daily July 06 2016
ITAT taxes salary received in India; dismisses employee’s claim of having received salary on high seas
Tenet Tax Daily July 05 2016
NO TDS liability on software purchases on basis of retro-amendment in definition of ‘royalty’
Tenet Tax Daily July 04 2016
Refund couldn’t be denied just because scrutiny notice was served; HC quashed CBDT’s instruction
Tenet Tax Daily July 02 2016
Commission paid to foreign agent for procuring export orders wouldn’t attract TDS under sec. 195
Tenet Tax Daily July 01 2016
No denial of indexation benefit at assessment stage just because long-term capital gain wasn’t declared in ITR
Tenet Tax Daily June 30 2016
Factoring charges couldn’t be treated as interest to attract TDS under sec. 194A: HC
Tenet Tax Daily June 29 2016