tenet-tax-daily-october-17-2016
Sum paid to brothers for vacating house held as cost of improvement of house
No penalty due to delay in filing TDS return as it was first year of introduction of e-TDS return
tenet-tax-daily-october-17-2016
Income from sub-letting held as house property income as sub-letting wasn’t business activity of lessor
tenet-tax-daily-october-15-2016
No addition on basis of 26AS if payee claimed that there was wrong entry in TDS return: ITAT
tenet-tax-daily-october-14-2016
Assessee can change method of ascertaining cost of closing stock to weighted average method
tenet-tax-daily-october-13-2016
Sum paid for software without any right of utilizing copyright of said programme couldn’t be held as royalty
tenet-tax-daily-october-12-2016
Interim admission order couldn’t be challenged even if SetCom had considered small portion of concealed income
tenet-tax-daily-october-11-2016
ITAT has discretion to allow additional ground not raised before CIT(A) after giving hearing chance to other party
tenet-tax-daily-october-10-2016
Attachment order had be lifted when ITAT deleted all tax demand and revenue didn’t apply for stay
tenet-tax-daily-october-08-2016
ITAT criticized CIT (A) for accepting additional evidence without affording an opportunity to AO to rebut the same
tenet-tax-daily-october-07-2016
License fee for liquor vending won’t fall within ambit of sec. 43B
tenet-tax-daily-october-06-2016
Reassessment notice invalid if AO had no evidence to suggest that assessee had received accommodation entries
tenet-tax-daily-october-05-2016
No disallowance of ‘FTS’ due to TDS default on basis of retro-amendment to sec. 9: Mumbai ITAT
tenet-tax-daily-october-04-2016
A search action under section 132(1) has to be ‘person specific’
tenet-tax-daily-october-03-2016
Sec. 269SS triggered if huge cash received from director shown as loan even if it was utilized to set-up plant
tenet-tax-daily-october-01-2016
Land rightly held as agricultural land on basis of evidence that it was put to agricultural operations before sale: HC
tenet-tax-daily-september-30-2016
Machine which enables fast printing of newspaper using computer isn’t entitled to 60% depreciation: HC
tenet-tax-daily-september-29-2016
AAR won’t decide an issue if assessment order is passed after admission of application by AAR
tenet-tax-daily-september-28-2016