Tenet Tax Daily December 7 2013
Payment of self-assessment tax instantly on detection of default saves assessee from clutches of penalty
Dealings between assessee and NR on principal-to-principal basis rule out existence of ‘service PE’
Tenet Tax Daily December 6 2013
No reassessment on mere allegation of bogus entries as AO failed to identify culprits for such entries
Tenet Tax Daily December 5 2013
Only profits embedded in purchases made from grey market are taxable in hands of assessee
Tenet Tax Daily December 3 2013
Sum paid to NR to identify potential customers and to conduct market survey abroad held taxable as FTS
Tenet Tax Daily December 2 2013