Tenet Tax Daily November 30 2015
Failure to issue notice in time can’t be cured by resorting to deeming fiction of sec. 292BB; reassessment held void
AO couldn’t pass attachment order if assessee had filed appeal against such order alongwith stay application
Tenet Tax Daily November 28 2015
Sum received by Irish Co. for providing online access to its e-learning products in India is taxable as royalty
Tenet Tax Daily November 27 2015
Sum paid to clear mortgage can’t be held as exp. incurred in connection with transfer under sec. 48
Tenet Tax Daily November 26 2015
Advance received by lawyers on legal matters can’t be treated as income till completion of case
Tenet Tax Daily November 25 2015