tenet-tax-daily-september-15-2016
Sec. 254 doesn’t permit Tribunal to substitute a view which it believes should have been taken in first instance
FAR analysis can’t be insisted upon in TNMM in transfer pricing
tenet-tax-daily-september-13-2016
Co-owner gets full credit of sec. 194-I TDS as it paid to other co-owners their share in TDS
tenet-tax-daily-september-12-2016
Reassessment held invalid as notice was issued to HUF under a PAN issued in name of individual
tenet-tax-daily-september-10-2016
Payment made by TPAs to hospitals would attract sec. 194J TDS
tenet-tax-daily-september-09-2016
Sum paid to visiting doctors on basis of patients attended would attract sec. 194J TDS and not sec. 192 TDS
tenet-tax-daily-september-08-2016
Reassessment could be made if investigation wing revealed bogus entries provided by entry operators
tenet-tax-daily-september-07-2016
Cost of acquisition of house couldn’t be reduced on basis of wealth tax return which AO had at assessment stage
tenet-tax-daily-september-06-2016
It couldn’t be said that AO didn’t form his opinion just because he accepted claim without giving any reasons
tenet-tax-daily-september-05-2016
Both employees and employer contribution to PF covered under the ambit of sec. 43B
tenet-tax-daily-september-03-2016
Any income couldn’t be deemed to be taxable just because tax at source had been deducted on it
tenet-tax-daily-september-02-2016
Books of account couldn’t be rejected due to non-maintenance of day-to-day stock register
tenet-tax-daily-september-01-2016
Delay in claiming refund should be condoned when taxpayer had incurred huge losses over a period of time
tenet-tax-daily-august-31-2016
No involvement of perquisites just because employer was paying fixed monthly medical allowances
tenet-tax-daily-august-30-2016
Cash deposited by partner in saving account couldn’t be held as unexplained when it was cash sales of firm
tenet-tax-daily-august-29-2016
Income from providing personnel for drilling operations for mineral oil is taxable under sec. 44BB and not sec. 44DA
tenet-tax-daily-august-27-2016
Statement of senior partner couldn’t be retracted on pretext that he had no knowledge of business
tenet-tax-daily-august-26-2016
Receipt on settlement of dispute on use of trademark is tax free when trademark itself is cancelled
tenet-tax-daily-august-25-2016