tenet-tax-daily-october-08-2016
Attachment order had be lifted when ITAT deleted all tax demand and revenue didn’t apply for stay
ITAT criticized CIT (A) for accepting additional evidence without affording an opportunity to AO to rebut the same
tenet-tax-daily-october-07-2016
License fee for liquor vending won’t fall within ambit of sec. 43B
tenet-tax-daily-october-06-2016
Reassessment notice invalid if AO had no evidence to suggest that assessee had received accommodation entries
tenet-tax-daily-october-05-2016
No disallowance of ‘FTS’ due to TDS default on basis of retro-amendment to sec. 9: Mumbai ITAT
tenet-tax-daily-october-04-2016
A search action under section 132(1) has to be ‘person specific’
tenet-tax-daily-october-03-2016
Sec. 269SS triggered if huge cash received from director shown as loan even if it was utilized to set-up plant
tenet-tax-daily-october-01-2016
Land rightly held as agricultural land on basis of evidence that it was put to agricultural operations before sale: HC
tenet-tax-daily-september-30-2016
Machine which enables fast printing of newspaper using computer isn’t entitled to 60% depreciation: HC
tenet-tax-daily-september-29-2016
AAR won’t decide an issue if assessment order is passed after admission of application by AAR
tenet-tax-daily-september-28-2016
ITAT denies set-off of speculative loss when assessee misstated that it was connected with brokerage business
tenet-tax-daily-september-27-2016
Products obtained in course of ship breaking activity won’t fall within definition of scrap; not liable to TCS
tenet-tax-daily-september-26-2016
Unit created due to expansion constitutes a new business; tax holiday period begins from initial AY of that unit
tenet-tax-daily-september-24-2016
Conditional transfer of shares couldn’t be held as benefit or perquisite if assessee didn’t satisfy such conditions
tenet-tax-daily-september-23-2016
License fee for liquor vending won’t fall within ambit of sec. 43B
tenet-tax-daily-september-22-2016
HC rebukes SetCom for accepting additional income offered by taxpayer in revised declaration
tenet-tax-daily-september-21-2016
Liaisoning charges paid by manufacturer of sports goods couldn’t be held as payment for professional services u/s 194J
tenet-tax-daily-september-20-2016
Trust intending to carry out charitable activities outside India entitled to sec. 12AA registration
tenet-tax-daily-september-19-2016