Tenet Tax Daily July 31 2019
In view of willful evasion of payment of tax by assessee application for waiver of interest rejected by HC
Marketing & distribution of Computerized Reservation System of Foreign Co. exclusively handled by Indian subsidiary: PE created
Tenet Tax Daily July 30 2019
Can two adjacent properties be treated as one house for sec. 54 claim
Tenet Tax Daily July 29 2019
Cash available with assessee not disclosed in ITR does not automatically call for reassessment
Tenet Tax Daily July 27 2019
Valuation of preference shares issued at premium to be conducted as per prescribed guidelines – matter remanded by ITAT
Tenet Tax Daily July 26 2019
Sec. 69C additions upheld by HC since assessee failed to prove nature of expenditure incurred through credit cards
Tenet Tax Daily July 25 2019
If assessee’s tax liabilities were unlikely to exceed value of already attached properties his Bank account should be released
Tenet Tax Daily July 24 2019
Assessee’s claim raised in ITR to be considered by AO before passing assessment order: HC
Tenet Tax Daily July 23 2019
Allow ability of expense is not dependent on Method of accounting provided for valuation of inventory:HC
Tenet Tax Daily July 22 2019
Interest and Salary paid to partners by firm correctly denied since the firm failed to comply with sec. 142(1) notice: ITAT
Tenet Tax Daily July 20 2019
Excess share premium not taxable u/s 56(2)(viib) without determining FMV of shares
Tenet Tax Daily July 19 2019
Subscription charges received from customers not taxable as royalty
Tenet Tax Daily July 18 2019
Payments made to Foreign Bank for providing financial services is not liable to tax as ‘FTS’
Tenet Tax Daily July 17 2019
Person migrating to Foreign Country – 182 days period to be considered for calculating residential status
Tenet Tax Daily July 16 2019
Filing rectification application against the rectification order passed by ITAT not allowed: HC
Tenet Tax Daily July 15 2019
Deduction of preliminary expenses allowed to assessee engaged in service sector: HC
Tenet Tax Daily July 13 2019
Gifts received by doctors from Pharma Cos with their logo are not freebies: ITAT
Tenet Tax Daily July 09 2019
Surplus arising from assignment of loan to third party is not taxable u/s 41(1)
Tenet Tax Daily July 12 2019