Tenet Tax Daily November 13 2013
Business profits arise when a disguised transaction of sale of shares is opted to transfer a business
Allahabad HC – Re-assessment quashed as all facts were disclosed in assessment proceedings
Tenet Tax Daily November 12 2013
Full risk bearing Companies not comparable with an entity bearing limited risk – comparables rejected
Tenet Tax Daily November 11 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
Assessee need not be unemployed when going abroad for a job for determining his residential status
Tenet Tax Daily November 8 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
AO cannot invoke best judgment assessment for not complying with sec. 142(1) notice lacked specific requirements
Tenet Tax Daily October 26 2013
Delhi ITAT can decide fate of an appeal filed against order of CIT(A) Lucknow
Tenet Tax Daily October 25 2013
Concealment penalty not leviable without recording finding as to concealment of income
Tenet Tax Daily October 24 2013