Tenet Tax Daily August 08 2016
Retro-amendment to the definition of ‘royalty’ can’t be imported into Articles of treaty
Assessee can claim sec. 54F relief by filing belated return under sec. 139(4)
Tenet Tax Daily August 06 2016
Bombay HC treats renovation exp. on leasehold premises as capital exp.
Tenet Tax Daily August 05 2016
HC dismissed writ for transfer of case to new officer as old officer had already passed order of assessment
Tenet Tax Daily August 04 2016
Transfer of assets without consideration via deed of settlement is to be treated as gift
Tenet Tax Daily August 03 2016
CIT is empowered to cancel registration of trust under sec. 12A with retrospective effect
Tenet Tax Daily August 02 2016
Dyes and Moulds used to manufacture plastic switches eligible for 30% depreciation
Tenet Tax Daily August 01 2016
No sec. 14A disallowance when there is no exempt income during the year, says Delhi ITAT
Tenet Tax Daily July 30 2016
Stamp duty paid in relation to contract couldn’t be amortized over period of contract; HC allows full deduction
Tenet Tax Daily July 29 2016
Mere use of technology won’t make any service as ‘FTS’ u/s 194J
Tenet Tax Daily July 28 2016
Penalty levied on ‘Muthoot bankers’ as it failed to establish reasonable cause for not complying with TDS provisions
Tenet Tax Daily July 27 2016
AO couldn’t make reassessment on mere suspicion due to huge cash withdrawal by assessee from bank
Tenet Tax Daily July 26 2016
Compounding fee paid to RBI isn’t in nature of penalty; eligible for deduction
Tenet Tax Daily July 25 2016
Sum paid to facilitate Call Centers to communicate with USA customers held as ‘royalty’
Tenet Tax Daily July 23 2016
Fee paid by stock broker for marketing services couldn’t be held as FTS under India-UK treaty
Tenet Tax Daily July 22 2016
AO made apparent mistake by treating taxpayer as assessee in default only on basis of admission of taxpayer: ITAT
Tenet Tax Daily July 21 2016
Reassessment rightly made as AO had reasons to believe that taxpayer had made bogus purchases
Tenet Tax Daily July 20 2016