Tenet Tax Daily May 31 2017
TP adjustment on royalty was valid as assessee was unable to justify aggregation of royalty with other transaction
TP adjustment on royalty was valid as assessee was unable to justify aggregation of royalty with other transaction
Tenet Tax Daily May 31 2017
Matter remanded by Tribunal as TPO rejected CUP method applied by assessee without assigning any reason
Tenet Tax Daily May 30 2017
No interest on loan could be added to income if interest was waived off on ground of commercial expediency
Tenet Tax Daily May 29 2017
Resale of goods purchased from AE to be benchmarked at RPM even if assessee was full-fledged distributor of goods
Tenet Tax Daily May 27 2017
No penalty on late filing of audit report if it was duly submitted before completion of assessment: ITAT
Tenet Tax Daily May 26 2017
ITAT remanded matter to verify mismatch found in bank account and books towards transport payments
Tenet Tax Daily May 25 2017
ITAT remanded matter to examine certificate issued by authority specifying aerial distance of land from municipality
Tenet Tax Daily May 24 2017
Section 72A doesn’t prohibit amalgamation of two companies suffering from losses: HC
Tenet Tax Daily May 23 2017
Assessee wasn’t entitled to compounding of offence if notice was issued for same offence in earlier year: HC
Tenet Tax Daily May 22 2017
Capital gains to be taxed in year of execution of sale deed and not in year of registration of sale deed
Tenet Tax Daily May 20 2017
Where assessee made payment to non-resident for rendering logistic services, since said services did not involve any technical skill, expertice or transfer of technical knowledge, payment in question would not fall within ambit of fee for technical services under section 9(1)(vii)
Tenet Tax Daily May 19 2017
ITAT confirmed sec. 69C additions relating to bogus purchase invoices received without actual delivery of goods
Tenet Tax Daily May 18 2017
Sec. 263 revision was valid if AO passed reassessment order without making proper inquiry: HC
Tenet Tax Daily May 17 2017
AO couldn’t complete assessment based on original return if revised return was filed before completion of assessment
Tenet Tax Daily May 16 2017
Cash seized from locker of wife, children added to assessee’s income as he failed to prove their earning capacity
Tenet Tax Daily May 15 2017
Additional evidence was to be admitted if it was relevant for calculating actual income: HC
Tenet Tax Daily May 13 2017
HC slams AO for invoking reassessment proceedings without disposing off assessee’s objections
Tenet Tax Daily May 12 2017