Tenet Tax Daily May 09 2014
ITAT remanded case to examine allowability of development exp. to real estate developer in view of AS-7 and IT Act
No stay of demand by ITAT beyond 365 days after insertion of third proviso to sec. 254(2A)
Tenet Tax Daily May 08 2014
AO couldn’t presume understatement of income merely on basis of report of DVO; HC quashed reassessment
Tenet Tax Daily May 07 2014
Non-resident couldn’t be penalized with sec. 234B interest if its whole income was subjected to withholding tax
Tenet Tax Daily May 06 2014
Income of NR agent for arranging NR Artists in India not taxable in status of ‘Entertainer’ under India-UK DTAA
Tenet Tax Daily May 05 2014
Sum paid to acquire rights of telecasting from outside India, in absence of its link with PE in India, wasn’t royalty
Tenet Tax Daily May 03 2014
Re-assessment notice was valid as accommodation entries to assessee were confirmed by a CA’s confession
Tenet Tax Daily May 02 2014
Registration denied to trust formed to impart education to children of Christian community only
Tenet Tax Daily May 01 2014