Tenet Tax Daily August 07 2014
Cos with huge turnover, abnormal profits or functional differences are excludible from comparables list
No withholding tax liability on payment of export commission to NR before withdrawal of Circular No. 786
Tenet Tax Daily August 06 2014
Payment to foreign co. to conduct navigation studies at Indian port doesn’t satisfy ‘make available’ clause; no FTS
Tenet Tax Daily August 04 2014
Expenditure incurred to remove hardship in professional work allowed as revenue expenditure
Tenet Tax Daily August 05 2014
AO’s referral to TPO doesn’t take away his powers of determining nature of exp. under sec. 37(1)
Tenet Tax Daily August 01 2014