Tenet Tax Daily November 17 2015
Delhi HC examines test of “related party” for deciding maintainability of application before SetCom
Reassessment made to tax royalty by invoking ‘Force of Attraction Rule’ quashed by Delhi HC
Tenet Tax Daily November 16 2015
ITAT apportions exp. on living Germplasm and technical know-how between capital and revenue exp.
Tenet Tax Daily November 14 2015
Default period of assessee-in-default shall be counted as per British Calendar month
Tenet Tax Daily November 12 2015
Corporate guarantee given to AE by charging 0.5% as service fee doesn’t call for TP adjustment
Tenet Tax Daily November 11 2015
Freight to C&F agent wasn’t reimbursement and liable to TDS as agent didn’t made TDS while making payment to Airlines
Tenet Tax Daily November 10 2015
Commission paid to NR for advising on product trend in USA isn’t taxable as services were rendered outside India
Tenet Tax Daily November 09 2015
No incurrence of exp. on services provided by assessee proved that it had outsourced services to AE; No. TP adjustment
Tenet Tax Daily November 06 2015
TP: Assessment order set aside as AO made final assessment without forwarding copy of draft assessment order
Tenet Tax Daily November 03 2015
Fee paid for conducting market research & advising on new technological developments in China is FTS
Tenet Tax Daily October 24 2015
Payer not at fault for not approaching AO under sec. 195(2) as it made purchase contract and not composite contract
Tenet Tax Daily October 20 2015
Corporate guarantee given to foreign AE couldn’t be held as international transaction under transfer pricing
Tenet Tax Daily October 17 2015
Prior to 1-6-2013 developer wasn’t liable to TDS on purchase of property from NR due to non-discrimination clause
Tenet Tax Daily October 16 2015
Sum paid for live coverage of IPL matches isn’t FTS under India-UK DTAA
Tenet Tax Daily October 10 2015
Transactions of unlisted shares of group concern at throw away prices wasn’t genuine transactions
Tenet Tax Daily October 09 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
Provision made by Telecom operator for dismantling towers after termination of lease wasn’t liable to TDS
Tenet Tax Daily October 02 2015