Tenet Tax Daily September 03 2018
Sum paid as ‘affiliation fee’ not connected with transfer of technology couldn’t be treated as royalty
No denial of sec. 35 deduction if approval to scientific research society was cancelled with retro-effect
Tenet Tax Daily September 01 2018
No sec. 10(23C) exemption to a profitable venture which was making huge profits year after year
Tenet Tax Daily August 31 2018
CIT wasn’t required to give hearing opportunity to assessee before giving approval for assessment in search cases
Tenet Tax Daily August 30 2018
Forex fluctuation loss on advance received from Foreign Head Office was allowable as deduction: ITAT
Tenet Tax Daily August 29 2018
Sale of land jointly held with co. not taxable as business profit just because Co. held land as stock-in-trade
Tenet Tax Daily August 28 2018
AO couldn’t make additions due to deposit of money in Swiss Bank if assessee became NR decades ago
Tenet Tax Daily August 27 2018
Interest paid on funds borrowed for installing power plant allowable irrespective of commencement of production
Tenet Tax Daily August 25 2018