Tenet Tax Daily October 29 2018
Exp. incurred on education of partner’s in Foreign Country was allowable if it was linked with business of firm
Charges paid to internet service provider to access internet on dedicated lease line not liable for sec. 194-I
Tenet Tax Daily October 27 2018
Sec. 50C not applicable if assessee invested entire sale consideration in new house property u/s. 54F
Tenet Tax Daily October 26 2018
ITAT remanded matter to verify whether trust was owner of building for which repair exp. was incurred
Tenet Tax Daily October 25 2018
No deduction of provision for warranty if its estimated cost wasn’t on basis of past experience
Tenet Tax Daily October 24 2018
Receiving special audit report within period of limitation wasn’t necessary: Delhi HC
Tenet Tax Daily October 23 2018
Sum paid for use of computer software not royalty in absence of amendment to definition of royalty in DTAA
Tenet Tax Daily October 22 2018
Legal advisory service fee received by partnership firm couldn’t be taxed under article 15 of India-UK DTAA
Tenet Tax Daily October 20 2018
Professional services provided by German & Swiss Nationals from their respected countries not taxable in India
Tenet Tax Daily October 19 2018
HC justified search & seizure as its authorization was based on definite information & discreet verifications
Tenet Tax Daily October 18 2018
Claim disallowed u/s 36(1)(viii) couldn’t be allowed u/s 36(1)(viia) in absence of provision made for bad debts
Tenet Tax Daily October 17 2018
Amendment to sec. 2(14) providing aerial distance for determining agricultural land has no retro-effect
Tenet Tax Daily October 16 2018
AO couldn’t reject books of account just because there was fall in gross profit rate
Tenet Tax Daily October 15 2018
No concealment penalty if sec. 54 relief was disallowed on ground that property sold wasn’t residential
Tenet Tax Daily October 13 2018
Indian Co. couldn’t be treated as agent if its shares held by foreign co. were sold to another foreign Co.
Tenet Tax Daily October 12 2018
TDS u/s 194C was required if no technical consultancy was rendered while providing assembling services to BEL
Tenet Tax Daily October 11 2018
AO was justified in restricting provision for warranty as ‘Apple’ wasn’t evaluating it at year end
Tenet Tax Daily October 10 2018
Dept. couldn’t be said to be aggrieved if SetCom rejected assessee’s application
Tenet Tax Daily October 09 2018