Tenet Tax Daily October 09 2015
Transactions of unlisted shares of group concern at throw away prices wasn’t genuine transactions
Petitioner convicted for cheque dishonour as cheques were issued to pay off debt and weren’t stolen
Tenet Tax Daily October 08 2015
No disallowance of interest if borrowed sum was given to affiliate without any interest for commercial expediency
Tenet Tax Daily October 07 2015
Delhi ITAT uses ‘Berry Ratio’ to determine ALP for Sogo Sasha entity by following case of ‘Mitsubishi’
Tenet Tax Daily October 06 2015
High Court gets flak from Apex Court for deciding appeal without framing substantial question of law
Tenet Tax Daily October 05 2015
Acquisition of right to telecast a movie via satellite for 99 years held as sale; not liable to TDS
Tenet Tax Daily October 03 2015
Provision made by Telecom operator for dismantling towers after termination of lease wasn’t liable to TDS
Tenet Tax Daily October 02 2015
Payment made to foreign service providers towards international toll free services is ‘FTS’
Tenet Tax Daily October 01 2015
Education consultancy services provided by US based co. weren’t taxable in absence of its PE in India
Tenet Tax Daily September 30 2015
No commission involved on sale of prepaid mobile vouchers to distributors below their face value; no sec. 194H TDS
Tenet Tax Daily September 29 2015
No withholding tax on foreign agency commission as revenue failed to prove that expenses were taxable in India
Tenet Tax Daily September 28 2015
ITAT applies results of MAP proceedings to hold that fee paid for strategic consultancy services isn’t ‘FTS’
Tenet Tax Daily September 26 2015
Transactions between Head office and foreign branch aren’t international transactions under transfer pricing
Tenet Tax Daily September 25 2015
Sum paid to purchase software isn’t royalty as there is no transfer of copyright or patent of software product
Tenet Tax Daily September 24 2015
Payer can’t escape TDS liability on basis of Form 15G if amount of interest exceeds basic exemption limit of payee
Tenet Tax Daily September 23 2015
Income in Form 26AS doesn’t show that it belongs to assessee if fraudster obtained it in assessee’s name
Tenet Tax Daily September 22 2015
Sum received for permitting installation of Telecom Tower on terrace is taxable as income from house property
Tenet Tax Daily September 19 2015
Forex loss in forward contract isn’t speculative as contract is made to hedge loss in export-import transaction
Tenet Tax Daily September 18 2015