tenet-tax-daily-august-16-2016
No addition of cash credit under sec. 68 if all deposits routed via banking channel and depositors were having PAN
Capital gain on sale of property situated in Sri Lanka is taxable only in Sri Lanka
tenet-tax-daily-august-15-2016
Cash deposits in bank can’t be held as undisclosed income without verifying source of deposits
tenet-tax-daily-august-13-2016
Land intended to be used for commercial purpose at time of sale can’t be deemed as agricultural land
tenet-tax-daily-august-12-2016
No deemed dividend if transaction of advance was made between companies for business expediency
tenet-tax-daily-august-11-2016
No TDS on transportation charges reimbursed by buyer if seller is liable to pay such charges to GTA
tenet-tax-daily-august-10-2016
The transaction couldn’t be deemed as international transaction due to its inadvertently disclosure in Form 3CEB
tenet-tax-daily-august-09-2016
Retro-amendment to the definition of ‘royalty’ can’t be imported into Articles of treaty
Tenet Tax Daily August 08 2016
Assessee can claim sec. 54F relief by filing belated return under sec. 139(4)
Tenet Tax Daily August 06 2016
Bombay HC treats renovation exp. on leasehold premises as capital exp.
Tenet Tax Daily August 05 2016
HC dismissed writ for transfer of case to new officer as old officer had already passed order of assessment
Tenet Tax Daily August 04 2016
Transfer of assets without consideration via deed of settlement is to be treated as gift
Tenet Tax Daily August 03 2016
CIT is empowered to cancel registration of trust under sec. 12A with retrospective effect
Tenet Tax Daily August 02 2016
Dyes and Moulds used to manufacture plastic switches eligible for 30% depreciation
Tenet Tax Daily August 01 2016
No sec. 14A disallowance when there is no exempt income during the year, says Delhi ITAT
Tenet Tax Daily July 30 2016
Stamp duty paid in relation to contract couldn’t be amortized over period of contract; HC allows full deduction
Tenet Tax Daily July 29 2016