Tenet Tax Daily September 08 2015
TP provisions not applicable on issue of shares to foreign AE; ITAT follows ratio of ‘Vodafone’ case
Forex gain or loss, being an operating item would be adjusted while calculating margin of comparables
Tenet Tax Daily September 07 2015
Vessel operating between Indian ports as part of its international voyage would get benefit of Article 8 of DTAA
Tenet Tax Daily September 05 2015
SetCom gets flak from High Court for disposing of application without considering objections raised by revenue
Tenet Tax Daily September 04 2015
High Court unhappy with CBDT for refusing to condone delay of one day in filing return
Tenet Tax Daily September 03 2015
No TDS on sum paid for repairing of aircraft as same was leased to foreign Co and running on international routes
Tenet Tax Daily September 02 2015
Debit note raised by foreign buyer for carrying out repairs on goods exported by assessee was allowable deduction
Tenet Tax Daily September 01 2015
Separate consideration paid while acquiring shares to get commercial rights of marketing was goodwill; depreciable
Tenet Tax Daily August 29 2015
Even if advance forfeited by supplier wasn’t allowable as bad-debt, yet it could be considered as business loss
Tenet Tax Daily August 31 2015