Tenet Tax Daily September 16 2015
Landing and parking charges for Aircrafts are not for ‘use of land’; attract Sec. 194C TDS
Assessment on facts later found to be false won’t bar re-assessment by AO
Tenet Tax Daily September 15 2015
Detention order passed against detenu after considering his past activities of smuggling wasn’t illegal
Tenet Tax Daily September 14 2015
Petitioner couldn’t be prosecuted for defaulting in complying with buy-back norms if no public offer was made
Tenet Tax Daily September 11 2015
Delhi ITAT rejects ‘bright line test’ for adjustment of AMP exp. by following ratio of ‘Sony Ericsson’ case
Tenet Tax Daily September 09 2015
TP provisions not applicable on issue of shares to foreign AE; ITAT follows ratio of ‘Vodafone’ case
Tenet Tax Daily September 08 2015
Forex gain or loss, being an operating item would be adjusted while calculating margin of comparables
Tenet Tax Daily September 07 2015
Vessel operating between Indian ports as part of its international voyage would get benefit of Article 8 of DTAA
Tenet Tax Daily September 05 2015
SetCom gets flak from High Court for disposing of application without considering objections raised by revenue
Tenet Tax Daily September 04 2015
High Court unhappy with CBDT for refusing to condone delay of one day in filing return
Tenet Tax Daily September 03 2015
No TDS on sum paid for repairing of aircraft as same was leased to foreign Co and running on international routes
Tenet Tax Daily September 02 2015
Debit note raised by foreign buyer for carrying out repairs on goods exported by assessee was allowable deduction
Tenet Tax Daily September 01 2015
Separate consideration paid while acquiring shares to get commercial rights of marketing was goodwill; depreciable
Tenet Tax Daily August 29 2015
Even if advance forfeited by supplier wasn’t allowable as bad-debt, yet it could be considered as business loss
Tenet Tax Daily August 31 2015
Sale of products while developing special skills in women wasn’t commercial activity by trust
Tenet Tax Daily August 28 2015
Penalty for delay in filing TDS return to be levied from date of deposit of TDS instead of due date of filing return
Tenet Tax Daily August 27 2015
Oral partition of property under Joint Development Agreement doesn’t justify apportionment of cap gain
Tenet Tax Daily August 26 2015
Sec. 69 addition rightly deleted as revenue failed to prove that assessee had made undisclosed investment in flat
Tenet Tax Daily August 25 2015