Tenet Tax Daily February 20 2017
Payment for testing, trial operation and commissioning work would attract sec. 194C TDS and not sec. 194J TDS
AO directed to ascertain amount of unpaid tax and interest of defaulting company for recovery under sec. 179
Tenet Tax Daily February 16 2017
Rajkot ITAT taxes capital gains in year of registration of sale agreement
Tenet Tax Daily February 15 2017
AO couldn’t make reassessment for unexplained investment merely on basis of roving inquiry
Tenet Tax Daily February 14 2017
Enhancement of gross profit rate was justified when assessee failed to produce bills and vouchers of purchases
Tenet Tax Daily February 13 2017
Reassessment justified when TDS wing informed about TDS default and related records already destroyed in fire
Tenet Tax Daily February 11 2017
Payment made for supply of software embedded in mobile phones couldn’t be taxed as royalty
Tenet Tax Daily February 10 2017
Software payments can’t be held as royalty when reproduction rights are given for internal usage
Tenet Tax Daily February 09 2017
Default in payment of self-assessment tax due to unexpected recession doesn’t call for penalty
Tenet Tax Daily February 08 2017
Payment for end-user software license can’t be held as royalty : ITAT
Tenet Tax Daily February 06 2017
Payment made for administrative services couldn’t be held as ‘FTS’ under India-UK treaty
Tenet Tax Daily February 03 2017
Sec. 194J isn’t applicable in case of transmission of electricity
Tenet Tax Daily February 02 2017
AO couldn’t question genuineness of commission when agents were liable to recover price of goods from customers
Tenet Tax Daily February 01 2017
Payment to Event Management Co. for IPL hosted in South Africa was FTS under India-UK treaty
Tenet Tax Daily January 31 2017
Sec. 179 tax recovery can be made from director after considering his shareholding and extent of control over Co.
Tenet Tax Daily January 30 2017
Even advance payment for flat would be eligible for sec. 54 relief
Tenet Tax Daily January 28 2017
Open charges paid to Power Grid for use of transmission lines couldn’t be held as royalty
Tenet Tax Daily January 27 2017
Reassessment made against Diamond Merchant on basis of info of bogus purchases given by Investigation Wing
Tenet Tax Daily January 26 2017