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No sec. 194C TDS on sums paid to contractor for job-work if liability for execution of contract was on assessee

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  • No sec. 194C TDS on sums paid to contractor for job-work if liability for execution of contract was on assessee
Posted onon November 14, 2014

Tenet Tax Daily November 13 2014

By tenettax-team
Corporate Tax

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CIT(A) had to continue adjudication of TP adjustment not related with MAP proceeding initiated with US authorities
Interest paid on loan to acquire shares couldn’t treated as its cost of acquisition if interest wasn’t capitalized

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