tenet-tax-daily-november-17-2016
CA’s name to be removed from membership for carrying out his business while practicing: Delhi HC
Revenue can compound offence of taxpayer if appeal against sentence is pending before Principal Session Judge
tenet-tax-daily-november-16-2016
Cash payment to Govt. licensee for country made liquor won’t attract sec. 40A(3) disallowance
tenet-tax-daily-november-15-2016
CIT rightly dismissed revision petition as assessee didn’t specify why assessment order required interference
tenet-tax-daily-november-14-2016
Sickness of wife not a valid excuse to delay return if her nature of illness and duration isn’t given
tenet-tax-daily-november-12-2016
CBDT to crack the whip on persons purchasing jewellery and making cash deposits with black money TT NEWSFLASH
tenet-news-flash-november-11-2016
Bank guarantee given for foreign AE couldn’t be benchmarked on basis of bonds to be raised in Indian market
tenet-tax-daily-november-10-2016
No sec. 10B relief if unit had shown artificial profit due to interest-free loan from director; reassessment upheld
tenet-tax-daily-november-09-2016
Healthcare, insurance and other businesses of ‘Max India’ held as one business under Income-tax
tenet-tax-daily-november-08-2016
AO rightly raised demand on deductor on its failure to apply 20% TDS rate when payee had furnished wrong PAN: ITAT
tenet-tax-daily-november-07-2016
No penalty for non-disclosure of ‘FTS’ if its taxability was determined by AO after interpreting DTAA
tenet-tax-daily-november-05-2016
Allotment of shares in public issue and their sale couldn’t be held as speculative business
tenet-tax-daily-november-04-2016
Application for sec. 10(23C) relief can be made even prior to April 1 of AY for which exemption is sought
tenet-tax-daily-november-03-2016
No reassessment on basis of DVO’s report if assessee had shown all bills for construction cost at assessment stage
tenet-tax-daily-november-02-2016
Legal charges paid to UK firm for setting-up of bank branch outside India wasn’t royalty: ITAT
tenet-tax-daily-november-01-2016
Electric bikes assembled from parts procured from China held as manufacturing for sec. 80-IC relief
tenet-tax-daily-october-31-2016
No tax recovery from purchaser when bank had sold mortgaged property without sharing proceeds with tax dept.
tenet-tax-daily-october-29-2016
No disallowance of scientific research exp. just because benefit of research not shown in relevant year
tenet-tax-daily-october-28-2016