Tenet Tax Daily July 25 2019
Sec. 69C additions upheld by HC since assessee failed to prove nature of expenditure incurred through credit cards
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
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
In order to classify land as rural agricultural land, distance from the metropolitan area is not relevant
Tenet Tax Daily July 11 2019
Finance Bill, 2019 – An insight into the changes proposed
Tenet News Flash – Budget 2019 – July 08, 2019
Case could not be remanded to AO by SetCom for disposing assessee’s case on merits: HC
Tenet Tax Daily July 08 2019
If assessee questions the correctness of the report prepared by the DVO, a notice is required to be served on the DVO to seek explanation
Tenet Tax Daily July 06 2019
Assessment order set-aside since AO completed reassessment without giving opportunity to assessee to file objections to the reasons recorded
Tenet Tax Daily July 05 2019
Flat constructed on land occupied by housing society on leasehold basis eligible for Sec. 54 relief
Tenet Tax Daily July 04 2019
Bank failing to file its ITR within due dates denied carry forward of loss: HC
Tenet Tax Daily July 03 2019