Tenet Tax Daily June 09 2015
Inter-corporate deposits non-recoverable due to merger of entities allowable as bad debts
Cash expense incurred by Actor in excess of Rs. 20,000 on travelling, costumes and makeup was allowable; High Court
Tenet Tax Daily June 08 2015
No TDS on sum paid to foreign agent for rendering services outside India if it didn’t have any PE in India
Tenet Tax Daily June 06 2015
DRP gets flak from ITAT for confirming additions made by TPO without considering submissions made by assessee
Tenet Tax Daily June 05 2015
Sum Received in lieu of relinquishment of right to sue ‘Coca-Cola’ was capital receipt: ITAT
Tenet Tax Daily June 04 2015
Supply of software along with hardware – rather software embedded in hardware did not amount to ‘royalty’
Tenet Tax Daily June 03 2015
No penalty on declaration of income pursuant to search if source of income was substantiated and tax was paid thereon
Tenet Tax Daily June 02 2015
A company failing parameter of employee cost to sales ratio couldn’t be chosen as comparable for TP study
Tenet Tax Daily June 01 2015