Tenet Tax Daily May 10 2019
Loans given for construction of individual residential houses won’t make bank eligible for sec. 36(1)(viii) relief
Reassessment on basis of info. that bogus accommodation entries were received by way of share capital justified
Tenet Tax Daily May 09 2019
Writ petition couldn’t be filed if assessee had the remedy to go in for appeal
Tenet Tax Daily May 08 2019
Exp. incurred by Dharma Productions on publicity of film after getting censor board certification allowed u/s 37
Tenet Tax Daily May 07 2019
No rectification u/s 154 is permissible once order passed by CIT(A) is accepted by income-tax department
Tenet Tax Daily May 06 2019
Liquidated damages to finance co. is ‘interest’ income eligible to section 10(23G) exemption
Tenet Tax Daily May 04 2019
Section 56(2)(viib) applies in the year in which shares are allotted and not when application money is received
Tenet Tax Daily May 03 2019
Writ petition could be filed against reassessment order passed without hearing assessee
Tenet Tax Daily May 02 2019
Payment gateway charges paid by Make My Trip to banks couldn’t be treated as commission to attract TDS u/s 194H
Tenet Tax Daily May 01 2019
Amendment to sec. 115BBE denying set off of losses from deemed income is prospective in nature
Tenet Tax Daily April 30 2019
No penalty u/s 158BFA if income disclosed during search by assessee doesn’t exceed the income determined by AO
Tenet Tax Daily April 29 2019
Subsidy received from foreign joint venture partner to contribute in joint venture co. was a capital receipt
Tenet Tax Daily April 27 2019
EMI method can be used for taxability of hire purchase transaction even if sum of digit method used for accounting
Tenet Tax Daily April 26 2019
Housing loan interest restricted to Rs. 1.5 lakh as assessee failed to prove that property was let-out to mother
Tenet Tax Daily April 25 2019
BSNL franchisee installing, maintaining & operating EPABX system is entitled for deduction u/s. 80-IA
Tenet Tax Daily April 24 2019
ITAT allowed additional depreciation on RMC mixer mounted on truck
Tenet Tax Daily April 23 2019
No question of taxing capital gain if transaction related to transfer of property didn’t materialize: ITAT
Tenet Tax Daily April 22 2019
AO can’t ask for the pre-deposit for stay of demand without examining the facts and circumstances of the case
Tenet Tax Daily April 20 2019