tenet-tax-daily-august-16-2016
No addition of cash credit under sec. 68 if all deposits routed via banking channel and depositors were having PAN
Capital gain on sale of property situated in Sri Lanka is taxable only in Sri Lanka
tenet-tax-daily-august-15-2016
Cash deposits in bank can’t be held as undisclosed income without verifying source of deposits
tenet-tax-daily-august-13-2016
Land intended to be used for commercial purpose at time of sale can’t be deemed as agricultural land
tenet-tax-daily-august-12-2016
No deemed dividend if transaction of advance was made between companies for business expediency
tenet-tax-daily-august-11-2016
No TDS on transportation charges reimbursed by buyer if seller is liable to pay such charges to GTA
tenet-tax-daily-august-10-2016