Tenet Tax Daily April 14 2018
No reassessment just because ITR wasn’t reflecting in IT system of dept. if it was filed manually by assessee
Co. solely performing marketing & distribution of Computerized Reservation System of Foreign Co. rightly held as PE
Tenet Tax Daily April 13 2018
Sum paid to Singaporean Co. for rendering global support services not taxable as per Article 12: Mumbai ITAT
Tenet Tax Daily April 12 2018
No TDS on reimbursement of expenses if it had no income element: HC
Tenet Tax Daily April 10 2018
No penalty order if notice didn’t specify whether it was case of concealment or furnishing inaccurate income
Tenet Tax Daily April 09 2018
Delay in filing ITR to be condoned for HUF if same was allowed to Karta in identical circumstances: HC
Tenet Tax Daily April 07 2018
Commission paid to NR for services rendered outside India not liable to tax even after withdrawal of Circular No. 23
Tenet Tax Daily April 06 2018
No capital gain on family settlement if property wasn’t transferred to assessee as per will of deceased person
Tenet Tax Daily April 05 2018
No sec. 263 revision if due enquiry made regarding non-taxability of income earned outside India by PWC USA
Tenet Tax Daily April 04 2018
AO to pass draft assessment order before passing a final one in pursuance of Sec. 144C: ITAT
Tenet Tax Daily April 03 2018
Private University engaged in imparting education is eligible for Sec. 12AA registration: ITAT
Tenet Tax Daily April 02 2018
Membership fees paid to stock exchange is capital in nature: HC
Tenet Tax Daily March 31 2018
Assessee couldn’t be treated as an assessee-in-default if it rectified TDS defects during appellate proceedings
Tenet Tax Daily March 30 2018
No Sec. 69A additions if copy of sale of land agreement produced by assessee wasn’t rebutted by Dept.
Tenet Tax Daily March 29 2018
Residential house purchased abroad was entitled to Sec. 54F relief prior to amendment made by Finance Act, 2014
Tenet Tax Daily March 28 2018
HC allows deduction of lease rent paid on shed rented out due to delay in start of business
Tenet Tax Daily March 27 2018
Sec. 54 relief couldn’t be denied merely because assessee failed to obtain possession of new house property
Tenet Tax Daily March 24 2018
HC allows deduction of lease rent paid on shed rented out due to delay in start of business
Tenet Tax Daily March 26 2018