Tenet Tax Daily November 20 2013
Disallowing excess depreciation doesnot justify re-assessment if assessee was subjected to MAT provisions
No FTS under Indo-USA DTAA if services rendered don’t clear ‘make available’ benchmark
Tenet Tax Daily November 19 2013
HC upheld disallowance as no nexus existed between expenditure and business purpose
Tenet Tax Daily November 18 2013
If no human intervention is involved, such services cannot be covered under section 9(1)(vii)
Tenet Tax Daily November 15 2013
Sum received by assessee from letting out of office to fulfil financial needs of business is business receipt
Tenet Tax Daily November 14 2013
Business profits arise when a disguised transaction of sale of shares is opted to transfer a business
Tenet Tax Daily November 13 2013
Allahabad HC – Re-assessment quashed as all facts were disclosed in assessment proceedings
Tenet Tax Daily November 12 2013
Sum remitted by sub-agents to advertisers out of TDS ambit if sub-agent acted as conduit between advertisers and clients
Tenet Tax Daily November 9 2013
ITAT to consider question of law even if it was not raised as ground of appeal before CIT(A)
Tenet Tax Daily November 7 2013
ITAT affirms rejection of books in absence of adequate particulars necessary to deduce correct operating results
Tenet Tax Daily November 6 2013
Payments for AMC and repair of machinery not FIS under India-US DTAA
Tenet Tax Daily November 5 2013
Export of rough granite – Sec. 80HHC relief not available, rules HC
Tenet Tax Daily November 4 2013
Voluntary disclosures by taking plea of ‘buy peace’ will not absolve one from concealment penalty
Tenet Tax Daily November 2 2013
An ignorant assessee surrendering a disclosed income can’t be taxed
Tenet Tax Daily November 1 2013
Buyer should withhold tax from sum paid to a non-resident co-owner to acquire a house property
Tenet Tax Daily October 31 2013
Reimbursement to Foreign AE towards seconded employee salary is not FTS
Tenet Tax Daily October 30 2013
Compliances with requirements for sec. 80-IA relief not enough to escape from concealment penalty if bonafides not established
Tenet Tax Daily October 29 2013
CIT should confine himself to only those matters as are laid down in sec. 273A for waiving off penalty
Tenet Tax Daily October 28 2013