Tenet Tax Daily March 12 2016
Sum paid for transportation of goods won’t attract sec. 194-I TDS if use of container was incidental
Higher taxes couldn’t be recovered from assessee if he mistakenly reported his income on higher side
Tenet Tax Daily March 11 2016
Provision for re-delivery of leased aircraft doesn’t cease to be a liability if lease period is extended
Tenet Tax Daily March 10 2016
Capital gain exemption available on corporate reorganization and not on buy-back of shares under India-Netherland DTAA
Tenet Tax Daily March 09 2016
Advance given to foreign AE to acquire satellite rights of Hollywood movies isn’t an international transaction
Tenet Tax Daily March 08 2016
Loss making entity couldn’t be excluded from list of comparable without assigning any cogent reason for the same
Tenet Tax Daily March 07 2016
Compensation received in connection with termination of share purchase agreement to be taxed as revenue receipt
Tenet Tax Daily March 05 2016
Subsidy received from AE for specific purpose can’t be treated as income until it is spent
Tenet Tax Daily March 04 2016
Delay in filing appeal can’t be condoned just because assessee is waiting for orders for subsequent AY
Tenet Tax Daily March 03 2016
Budget 2016-2017 – Highlights- Direct and Indirect Taxes
Budget 2016-2017 – Highlights- Direct and Indirect Taxes
Budget 2016-2017 – Key Features
Key Features of Budget 2016-2017
HC directs ITAT to decide issue of ‘contract of service’ or ‘contract for service’ as per principles laid down by it
Tenet Tax Daily February 27 2016
Registration to a trust couldn’t be denied on ground that it was involved in only one object out of its total objects
Tenet Tax Daily February 26 2016
HC denied to admit appeal as assessee changed its stand initially taken before AO
Tenet Tax Daily February 25 2016
Co. having related party transactions in excess of 25% of total revenue couldn’t be selected as comparable
Tenet Tax Daily February 24 2016
Mumbai ITAT directs AO to follow Sony Ericsson’s case for benchmarking of AMP expenditure
Tenet Tax Daily February 23 2016
HC direct AO to examine whether AMP exp. was incurred by ‘Yum Restaurant’ to create marketing intangible for its AE
Tenet Tax Daily February 20 2016
Foreign comparable couldn’t be chosen for foreign co. rendering services to Indian AE
Tenet Tax Daily February 20 2016