Tenet Tax Daily June 30 2014
Brokerage exp. to identify a tenant for under construction building couldn’t be allowed under sec. 37(1)
Surplus arising to distributor of books from dealing in shares was capital gain if shares were held as investments
Tenet Tax Daily June 28 2014
Case remanded to decide if letting out of commercial complexes were business income or income from house property
Tenet Tax Daily June 27 2014
HC deletes addition as variation in GP rates of current year and preceding years couldn’t justify additions
Tenet Tax Daily June 26 2014
Sum paid to unrelated party via banking route after deduction of tax at source couldn’t be treated as bogus
Tenet Tax Daily June 25 2014
Reassessment can’t be based only on retro-amendments and interpretation of Apex Court on statutory provisions
Tenet Tax Daily June 24 2014
SC: High Court couldn’t dismiss an appeal with non-speaking order and without addressing question of law
Tenet Tax Daily June 23 2014
HC disallows interest on borrowings as assessee artificially borrowed its owned funds through a circuitous route
Tenet Tax Daily June 21 2014
Govt. notifies ‘1024’ as Cost Inflation Index for Financial Year 2014-15
Tenet Tax Daily June 20 2014
Service-tax not collected from customer but paid to Treasury is an allowable business expenditure
Tenet Tax Daily June 19 2014
TDS Certificate to supersede Form 26AS in case of variation between two; ITAT comes to the rescue of assessee
Tenet Tax Daily June 18 2014
Person whose income is subjected to withholding tax is entitled to claim its refund and not the deductor
Tenet Tax Daily June 17 2014
Payments for receipt of satellite signals fall within ambit of process royalty in view of FA, 2012 amendments
Tenet Tax Daily June 16 2014
Assessee offering marketing and support services to AEs to be held as service provider and not distributor by TPO
Tenet Tax Daily June 11 2014
Conveyance allowance received by LIC employee to develop insurance business is exempt from tax
Tenet Tax Daily June 10 2014
Full deduction under section 80-IA, 80-IB or 80HHC can be claimed as each provisionis an independent provision
Tenet Tax Daily June 06 2014
Assessment of a person other than searched one could be made either under sec. 148 or sec. 158BD
Tenet Tax Daily June 05 2014