Tenet Tax Daily May 14 2018
ITAT remanded matter as TPO had characterized distribution agreement as a service agreement
Penalty justified if assessee failed to prove that loan taken was in fact trade transaction
Tenet Tax Daily May 12 2018
Furnishing particulars of efforts made to recover tax from co. was mandatory while issuing notice to directors
Tenet Tax Daily May 11 2018
HC quashed demand order passed by Pr. CIT without considering genuine hardship of assessee
Tenet Tax Daily May 10 2018
Penalty couldn’t be levied just because legal representative failed to explain source of investment of assessee
Tenet Tax Daily May 09 2018
Vessels engaged in seismic surveys by NR on High seas relating to contract with ONGC constituted its fixed place PE
Tenet Tax Daily May 08 2018
Loss due to vacancy allowable even if property remained vacant during previous year: ITAT
Tenet Tax Daily May 07 2018
HC condones delay in filing ITR of NRI as there was delay due to severe financial crisis in USA
Tenet Tax Daily May 05 2018
Stay application filed before CIT(A) stood disposed of once hearing on appeal was concluded
Tenet Tax Daily May 04 2018
Domain registration fee received by ‘GoDaddy’ is taxable as royalty in India: Delhi ITAT
Tenet Tax Daily May 03 2018
Fees paid by ‘Deloitte’ to Foreign Co. for gaining knowledge about foreign tax laws not taxable in India
Tenet Tax Daily May 02 2018
Installation of set-top box by ISPs amounts to works contract; liable to section 194C TDS & not sec. 194J TDS
Tenet Tax Daily May 01 2018
Income on sale of shares to be treated as business income as assessee had regularly dealing in its sale & purchase
Tenet Tax Daily April 30 2018
Advt. exp. couldn’t be disallowed just because hoardings were placed at place where co. had no selling outlets
Tenet Tax Daily April 28 2018
Sec. 44BB being specific provision would prevail over provisions dealing with royalty/FTS: Delhi ITAT
Tenet Tax Daily April 27 2018
No withholding taxes from freight paid to foreign shipping co. which was assessed under sec. 172
Tenet Tax Daily April 26 2018
Sec. 194J TDS on provision made for audit fees was required even if payment to be made was uncertain
Tenet Tax Daily April 25 2018
Delay of 318 days in filing appeal couldn’t be condoned without furnishing sufficient reasons: HC
Tenet Tax Daily April 24 2018