Tenet Tax Daily February 27 2016
HC directs ITAT to decide issue of ‘contract of service’ or ‘contract for service’ as per principles laid down by it
Registration to a trust couldn’t be denied on ground that it was involved in only one object out of its total objects
Tenet Tax Daily February 26 2016
HC denied to admit appeal as assessee changed its stand initially taken before AO
Tenet Tax Daily February 25 2016
Co. having related party transactions in excess of 25% of total revenue couldn’t be selected as comparable
Tenet Tax Daily February 24 2016
Mumbai ITAT directs AO to follow Sony Ericsson’s case for benchmarking of AMP expenditure
Tenet Tax Daily February 23 2016
HC direct AO to examine whether AMP exp. was incurred by ‘Yum Restaurant’ to create marketing intangible for its AE
Tenet Tax Daily February 20 2016
Foreign comparable couldn’t be chosen for foreign co. rendering services to Indian AE
Tenet Tax Daily February 20 2016
No separate deduction of expenditure while computing income on presumptive basis under sec. 44BB
Tenet Tax Daily February 19 2016
Govt. isn’t abusing its powers if it requires employees to travel via Air India to avail of LTC
Tenet Tax Daily February 18 2016
An event management co. can’t be compared with a co. rendering marketing support services
Tenet Tax Daily February 16 2016
CIT couldn’t exercise his revisionary power where AO adopted one of possible views while granting relief to assessee
Tenet Tax Daily February 15 2016
Payment made for supply of building material isn’t liable to TDS
Tenet Tax Daily February 13 2016
No PE even if place of business falls under inclusive definition of PE if permanency test isn’t satisfied
Tenet Tax Daily February 12 2016
Receipt of excess premium on shares by a co. having lower net-worth leads to income escaping assessment
Tenet Tax Daily February 11 2016
Amendment safeguarding TDS disallowance on payment of tax by payee has retro-effect
Tenet Tax Daily February 10 2016
Cash purchases from Pheriwalas in excess of Rs 20,000 doesn’t attract disallowance
Tenet Tax Daily February 09 2016
TDS liability under sec. 194C would attract even on oral contract
Tenet Tax Daily February 08 2016
No penalty on NR as he genuinely believed that foreign income wasn’t taxable in India when it was exempt abroad
Tenet Tax Daily February 06 2016