tenet-tax-daily-november-28-2016
Additions made in total income of assessee after determination of ALP would invite concealment penalty
Change in method of accounting isn’t permissible in middle of FY: HC
tenet-tax-daily-november-26-2016
Non-disclosure of plot details of housing project leads to sec. 80-IB disallowance in reassessment
tenet-tax-daily-november-25-2016
Non-recovery of loan was deductible if it was given by surety to borrower to protect itself from penal action of bank
tenet-tax-daily-november-24-2016
Voluntary donation received by Mazdoor Union to settle employee-employer dispute would be tax-free
tenet-tax-daily-november-23-2016
Profits increased due to Sec. 14A disallowance would be eligible for Sec. 10A relief: Mumbai ITAT
tenet-tax-daily-november-22-2016
Keyman insurance policy not taxable on its assignment before maturity for period prior to April 1, 2014
tenet-tax-daily-november-21-2016
One couldn’t challenge time-limit of rectification application without specifying date of service of order
tenet-tax-daily-november-19-2016
No capital gain exemption as transferor-co. failed to prove that it was wholly owned subsidiary of transferee-co.
tenet-tax-daily-november-18-2016
CA’s name to be removed from membership for carrying out his business while practicing: Delhi HC
tenet-tax-daily-november-17-2016
Revenue can compound offence of taxpayer if appeal against sentence is pending before Principal Session Judge
tenet-tax-daily-november-16-2016
Cash payment to Govt. licensee for country made liquor won’t attract sec. 40A(3) disallowance
tenet-tax-daily-november-15-2016
CIT rightly dismissed revision petition as assessee didn’t specify why assessment order required interference
tenet-tax-daily-november-14-2016
Sickness of wife not a valid excuse to delay return if her nature of illness and duration isn’t given
tenet-tax-daily-november-12-2016
CBDT to crack the whip on persons purchasing jewellery and making cash deposits with black money TT NEWSFLASH
tenet-news-flash-november-11-2016
Bank guarantee given for foreign AE couldn’t be benchmarked on basis of bonds to be raised in Indian market
tenet-tax-daily-november-10-2016
No sec. 10B relief if unit had shown artificial profit due to interest-free loan from director; reassessment upheld
tenet-tax-daily-november-09-2016
Healthcare, insurance and other businesses of ‘Max India’ held as one business under Income-tax
tenet-tax-daily-november-08-2016