tenet-tax-daily-december-19-2016
AO rightly levied Sec. 234A/B/C interest when assessee failed to establish his entitlement for interest waiver
Advertisement exp. by ‘Asian Paints’ to build its brand value wasn’t capital exp: Bombay HC
tenet-tax-daily-december-17-2016
Fee for implementation of SAP software is revenue exp, says Bombay HC
tenet-tax-daily-december-16-2016
No addition just because two flats were shown at lesser price than price of remaining flats in same building
tenet-tax-daily-december-15-2016
Insertion of proviso to section 50C by Finance Act, 2016 with effect from 1-4-2017, has retrospective effect
tenet-tax-daily-december-14-2016
Consultancy charges in nature of FTS would be taxable in India irrespective of situs of services provided by NR
tenet-tax-daily-december-13-2016
Growing of plants in nursery is an agricultural activity, says Madras HC
tenet-tax-daily-december-12-2016
Preliminary exp. on right issue would qualify for benefit of sec. 35D
tenet-tax-daily-december-10-2016
Commission for loan guarantee is revenue exp. even if loan is taken to acquire capital asset
tenet-tax-daily-december-09-2016
CIT can make sec. 264 revision even if there is a mistake on the part of assessee
tenet-tax-daily-december-08-2016
TPO couldn’t adopt a method different from earlier year for ALP computation without assigning cogent reasons
tenet-tax-daily-december-07-2016
Non-disclosure of plot details of housing project leads to sec. 80-IB disallowance in reassessment
tenet-tax-daily-december-06-2016
ITAT allows deduction of payments to sub-contractors as it was genuine payment made via banking channel
tenet-tax-daily-december-05-2016
Payment made to labour contractor to procure material on behalf of builder assessee won’t attract sec. 194C TDS
tenet-tax-daily-december-03-2016
Gains arising on shares were capital gains when shares were continuously shown as investment in balance sheet
tenet-tax-daily-december-02-2016
Loaders, water tankers eligible for 30% depreciation if used in business of transportation of goods on hire
tenet-tax-daily-december-01-2016
Interest paid by stock-broker was deductible under sec. 57 as borrowings were utilized for deposits with NSE
tenet-tax-daily-november-30-2016
Disclosure of additional income during settlement didn’t show that initial offer wasn’t true: HC
tenet-tax-daily-november-29-2016