Tenet Tax Daily May 23 2015
Non-furnishing of PAN by NR doesn’t attract higher TDS rate of 20% u/s 206AA if tax rate under DTAA is beneficial
Reimbursement of exp. to foreign AE was taxable if no nexus was found between services rendered and reimbursement
Tenet Tax Daily May 22 2015
No deemed income of NR u/s 9 when it had established Liaison office in India to purchase goods for export
Tenet Tax Daily May 21 2015
No prosecution against advocate for filing client’s return on fake TDS certificate as it was supplied by client
Tenet Tax Daily May 20 2015
Sum paid to consultant-doctor without any stipulation of working hours or leave would attract sec. 194J TDS
Tenet Tax Daily May 19 2015
Sum paid to consultant-doctor without any stipulation of working hours or leave would attract sec. 194J TDS
Tenet Tax Daily May 19 2015
Purchase of technical know-how couldn’t be taxed as royalty, says ITAT
Tenet Tax Daily May 18 2015
No reassessment after 4 years alleging wrong allowance of exp. if assessee had disclosed all material facts
Tenet Tax Daily May 16 2015
No sec. 194J TDS on sale of goods to stockiest below MRP by treating the differential amount as managerial fees
Tenet Tax Daily May 15 2015
Employment of more engineers won’t show Co. as technical service provider for transfer pricing purpose
Tenet Tax Daily May 14 2015
Payment made to partners for purchase of land above prevalent market rate would lend to Sec. 40A(2) disallowance
Tenet Tax Daily May 13 2015
Legal consultancy fee paid to foreign lawyer wasn’t taxable in absence of his base in India
Tenet Tax Daily May 12 2015
House constructed by builder on behalf of assessee has to be considered for granting sec. 54F relief to assessee
Tenet Tax Daily May 11 2015
TPO couldn’t determine ALP of services as Nil without examining docs showing rendition of services by AE
Tenet Tax Daily May 09 2015
AAR couldn’t reject application without explaining how transaction via Mauritius route was made for tax avoidance
Tenet Tax Daily May 08 2015
AO can’t make reference to Valuation Officer without declaration of lesser sale price by assessee
Tenet Tax Daily May 07 2015
No reassessment after 4 years without obtaining sanction of CIT – original assessment was made under sec. 143(3)
Tenet Tax Daily May 06 2015