Tenet Tax Daily March 07 2019
Relief to persons suffering from HIV/AIDS falls into category of ‘medical relief’ u/s. 2(15)
ITAT deleted Pepsico’s AMP adjustment due to absence of agreement with AE to spend on AMP
Tenet Tax Daily March 06 2019
Date of holding property to be taken from date on which lease-cum-sale agreement holder paid entire consideration
Tenet Tax Daily March 05 2019
Remuneration to partners allowable if deed provides for remuneration computation in accordance with sec. 40(b)(v)
Tenet Tax Daily March 04 2019
Agricultural land whether held as capital asset or stock-in-trade is covered under ambit of sec. 56(2)(vii)(b)
Tenet Tax Daily March 02 2019
Share valuation report to be rejected if no scientific base was provided for Co’s projection report
Tenet Tax Daily March 01 2019
ITAT benchmarked LIBOR and EURIBOR to determineALP of interest charged on sum advanced to AE
Tenet Tax Daily February 28 2019
No condonation of delay if assessee failed to prove that delay occurred due to factors beyond its control
Tenet Tax Daily February 27 2019
Expenses being in nature of revenue exp. to be allowed despite different treatment in books of account
Tenet Tax Daily February 26 2019
Sale of shares demarcated as investment in balance sheet chargeable to tax as capital gains
Tenet Tax Daily February 25 2019
AO couldn’t invoke rule 8D without proving that sec. 14A disallowance made by assessee was unsatisfactory
Tenet Tax Daily February 23 2019
AO couldn’t apply Rule 8D just because interest free & interest bearing funds were used for making investment
Tenet Tax Daily February 22 2019
Sum received from sharing infrastructure facilities with other telecom co. eligible for sec. 80-IA deduction
Tenet Tax Daily February 21 2019
No denial of exemption just because society earned profit while carrying out charitable activities
Tenet Tax Daily February 20 2019
Sum paid to NR for providing advisory by way of reviewing strategies and M&A options not to be held as FTS
Tenet Tax Daily February 19 2019
ITAT allowed write-off of advance given to wife by Jackie Shroff for production of ‘BOOM’
Tenet Tax Daily February 18 2019
Notice in name of dead person invalid; informing about death not to be constructed as participating in proceedings
Tenet Tax Daily February 16 2019
No concealment penalty just because co. treated loss on sale of assets as capital loss
Tenet Tax Daily February 15 2019