Tenet Tax Daily September 05 2015
Vessel operating between Indian ports as part of its international voyage would get benefit of Article 8 of DTAA
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
Sale of products while developing special skills in women wasn’t commercial activity by trust
Tenet Tax Daily August 28 2015
Penalty for delay in filing TDS return to be levied from date of deposit of TDS instead of due date of filing return
Tenet Tax Daily August 27 2015
Oral partition of property under Joint Development Agreement doesn’t justify apportionment of cap gain
Tenet Tax Daily August 26 2015
Sec. 69 addition rightly deleted as revenue failed to prove that assessee had made undisclosed investment in flat
Tenet Tax Daily August 25 2015
No denial of sec. 54F benefit due to non-completion of construction in all respects within 3 years
Tenet Tax Daily August 24 2015
TDS default made by relying upon opinion of CA was bona fide mistake; not liable to penalty
Tenet Tax Daily August 22 2015
TP addition deleted as one comparable selected by TPO had related party transaction above 25% of turnover
Tenet Tax Daily August 21 2015
Resale Price Method can’t be applied to benchmark export of goods to AE, rules Lucknow ITAT
Tenet Tax Daily August 20 2015
Assessing Officer has to form an opinion having regard to nature and complexity of accounts of assessee and interest of revenue before issuing order under section 142(2)
Tenet Tax Daily August 19 2015
Non-voice based BPO can’t be compared with voice based BPO for purpose of TP study
Tenet Tax Daily August 18 2015
No physical verification under sec. 194LA to check whether land was agricultural land which didn’t attract TDS
Tenet Tax Daily August 17 2015