Tenet Tax Daily July 20 2013
AAR can only determine tax liability of applicant and not any of its affiliate or AOP
AAR can only determine tax liability of applicant and not any of its affiliate or AOP
DRP should pass a speaking order considering all objections raised by assessee
Tenet Tax Daily July 18 2013
Payment for downloading licensed software is payment of ‘royalty’ subject to withholding tax
Tenet Tax Daily July 17 2013
Entities incurring losses in odd circumstances excluded from list of comparables for TP study
Tenet Tax Daily July 13 2013
ITAT remands matter to AO due to non examination of provisions of DTAA while taxing the receipts.
Tenet Tax Daily July 05 2013
Commission paid for soliciting export orders abroad isn’t taxable in India.
Tenet Tax Daily July 03 2013
Where assessee manufacturing sophisticated chemicals, purchased a catalyst used in oxidation process of converting oxylene to pthalic anhydride, it did not amount to payment of royalty and assessee was not required to deduct tax at source while making payment.
Tenet Tax Daily July 02 2013
Reimbursement of purchase price, without margin or profit or value addition, to a sister concern towards payment of purchase price on behalf of assessee is not liable to TDS
Tenet Tax Daily July 01 2013
Ignorance of law by Chartered Accountant of the assessee is not a reasonable cause for failure to file the audit report of international transactions
Tenet Tax Daily June 29 2013
Tax is not required to be deducted from reimbursements of salary costs of the employees of a foreign company deputed to work for the Indian company
Tenet Tax Daily June 27 2013
Merely assisting a non-resident principal would not cause an agent to be considered as PE
Tenet Tax Daily June 13 2013
Product similarity is must for applying CUP method, not for TNMM.
Tenet Tax Daily June 25 2013
Inland haulage charges being income from operations of ships, are exempt in India
Tenet Tax Daily June 22 2013
Amount received by a German company from software embedded in equipment supplied by it cannot be considered as ‘royalty’
Tenet Tax Daily June 21 2013
Payment to third party through a related entity cannot be considered as “reimbursement” of expenses
Tenet Tax Daily April 15, 2013