tenet-tax-daily-december-30-2016
No addition for deposit in Swiss Bank when sec. 143(1) assessment was completed prior to search
AO should adopt report of Valuation Officer even if its valuation is lesser than that adopted by Stamp Authority
tenet-tax-daily-december-29-2016
Housing projects can’t be held as single project if each project is independent with separate facilities
tenet-tax-daily-december-28-2016
Indian Subsidiary held as PE as it was executing and concluding projects on behalf of foreign Parent Company
tenet-tax-daily-december-27-2016
TP use of multiple year data permissible only from 1-4-2014
tenet-tax-daily-december-26-2016
Rate of royalty is at ALP if it is approved by RBI and Ministry of Industry: Mumbai ITAT
tenet-tax-daily-december-24-2016
License fee to use a software not liable to TDS as it wasn’t taxable as royalty in AY 2009-10
tenet-tax-daily-december-23-2016
Info of bogus purchases given by Investigation Wing would be sufficient to initiate reassessment
tenet-tax-daily-december-22-2016
Reassessment couldn’t be set-aside because of exempt income if assessee had shown capital loss as business loss
tenet-tax-daily-december-21-2016
Lower lease rentals from Group Co. doesn’t call for additions if it was lowered due to breakdown of boiler
tenet-tax-daily-december-20-2016
AO rightly levied Sec. 234A/B/C interest when assessee failed to establish his entitlement for interest waiver
tenet-tax-daily-december-19-2016
Advertisement exp. by ‘Asian Paints’ to build its brand value wasn’t capital exp: Bombay HC
tenet-tax-daily-december-17-2016
Fee for implementation of SAP software is revenue exp, says Bombay HC
tenet-tax-daily-december-16-2016
No addition just because two flats were shown at lesser price than price of remaining flats in same building
tenet-tax-daily-december-15-2016
Insertion of proviso to section 50C by Finance Act, 2016 with effect from 1-4-2017, has retrospective effect
tenet-tax-daily-december-14-2016
Consultancy charges in nature of FTS would be taxable in India irrespective of situs of services provided by NR
tenet-tax-daily-december-13-2016
Growing of plants in nursery is an agricultural activity, says Madras HC
tenet-tax-daily-december-12-2016
Preliminary exp. on right issue would qualify for benefit of sec. 35D
tenet-tax-daily-december-10-2016