Tenet Tax Daily March 07 2017
Whether in terms of relevant clauses of DTAA between India-Italy and India-Japan, where payments fall within purview of Independent Personal services then, even if, they are treated as Fees for technical fee or Fees for included services, such income of non-resident shall be liable to be taxed under Article governing Independent Personal services and not as Fee for technical services
Once raw material quantity that did not appear in regular books of account was discovered and could be inferred as a result of search, onus lay upon assessee to furnish full particulars as to cost of that raw material or average cost
Tenet Tax Daily March 06 2017
Section 80-IB(10) relief to be allowed only when return is filed on or before due date given under section 139(1)
Tenet Tax Daily March 04 2017
Payment made for connectivity facility for sending bulk SMS couldn’t be held as royalty: Mumbai ITAT
Tenet Tax Daily March 03 2017
Section 153 not to be applied in respect of proceedings covered under ambit of sec. 144C
Tenet Tax Daily March 02 2017
Failure of assessee to disclose capital gains on basis of sec. 50C would invite reassessment
Tenet Tax Daily March 01 2017