Tenet Tax Daily January 22 2019
Reassessment justified as assessee didn’t file relevant details related to huge advance made to one party
No Sec. 12A registration as trust intended to distribute properties acquired from Grants amongst private members
Tenet Tax Daily January 21 2019
ITAT remanded matter to examine whether payment made for acquiring software licence was royalty
Tenet Tax Daily January 19 2019
ITAT slams AO for not allowing bad debts claim in case co-operative bank didn’t have any rural branches
Tenet Tax Daily January 17 2019
HC quashed locker search warrant as Add. DIT failed to prove that such locker contained undisclosed income
Tenet Tax Daily January 16 2019
No denial of exemption just because educational institution collected part of fees in Foreign exchange abroad
Tenet Tax Daily January 15 2019
No denial of exemption just because payer-co. didn’t pay DDT on distribution of dividends
Tenet Tax Daily January 14 2019
Conversion of CCPSs into equity shares couldn’t be considered as transfer within meaning of sec. 2(47): ITAT
Tenet Tax Daily January 09 2019
No additions on basis of TDS claimed if corresponding income not taxable due to cash system of accounting
Tenet Tax Daily January 07 2019
Exp. allowable if assessee was responsible for warranty towards engines supplied to IAF manufactured by Russian Co.
Tenet Tax Daily January 05 2019
ITAT’s order quashing CIT(A)’s ruling based on overall analysis of evidence couldn’t be interfered with: HC
Tenet Tax Daily January 03 2019
Amendment to sec. 11 denying depreciation to trust is prospective in nature: ITAT
Tenet Tax Daily January 02 2019
Income tax department cannot claim any priority in payment from liquidated estate under IBC
Tenet Tax Daily January 01 2019
Provision of sec. 43B couldn’t be invoked with regards to duty & surcharge collected by state electricity board
Tenet Tax Daily December 29 2018
Disallowance of indexed cost of improvement was justified if assessee failed to prove quantum of exp. incurred
Tenet Tax Daily December 28 2018
ITAT deleted additions as amount deposited in assessee’s Foreign Bank a/c didn’t belong to him
Tenet Tax Daily December 27 2018
Loss from derivative is a normal business loss and not speculation loss
Tenet Tax Daily December 26 2018
Karta was eligible to claim TDS credit wrongly deposited in his name if HUF hadn’t availed benefit of such TDS
Tenet Tax Daily December 25 2018