tenet-tax-daily-september-27-2016
ITAT denies set-off of speculative loss when assessee misstated that it was connected with brokerage business
Products obtained in course of ship breaking activity won’t fall within definition of scrap; not liable to TCS
tenet-tax-daily-september-26-2016
Unit created due to expansion constitutes a new business; tax holiday period begins from initial AY of that unit
tenet-tax-daily-september-24-2016
Conditional transfer of shares couldn’t be held as benefit or perquisite if assessee didn’t satisfy such conditions
tenet-tax-daily-september-23-2016
License fee for liquor vending won’t fall within ambit of sec. 43B
tenet-tax-daily-september-22-2016
HC rebukes SetCom for accepting additional income offered by taxpayer in revised declaration
tenet-tax-daily-september-21-2016
Liaisoning charges paid by manufacturer of sports goods couldn’t be held as payment for professional services u/s 194J
tenet-tax-daily-september-20-2016
Trust intending to carry out charitable activities outside India entitled to sec. 12AA registration
tenet-tax-daily-september-19-2016
Unit created due to expansion constitutes a new business; tax holiday period begins from initial AY of that unit
tenet-tax-daily-september-17-2016
Where in terms of joint development agreement, assessee handed over physical possession of property to builder, it was to be concluded that transfer took place in this year when parting of possession of immovable property had taken place and not in later assessment year when sale deed was registered
tenet-tax-daily-september-16-2016
Sec. 254 doesn’t permit Tribunal to substitute a view which it believes should have been taken in first instance
tenet-tax-daily-september-15-2016
No TP adjustment when it was held that foreign entity should have charged higher amount from Indian entities
tenet-tax-daily-september-14-2016
FAR analysis can’t be insisted upon in TNMM in transfer pricing
tenet-tax-daily-september-13-2016
Co-owner gets full credit of sec. 194-I TDS as it paid to other co-owners their share in TDS
tenet-tax-daily-september-12-2016
Reassessment held invalid as notice was issued to HUF under a PAN issued in name of individual
tenet-tax-daily-september-10-2016
Payment made by TPAs to hospitals would attract sec. 194J TDS
tenet-tax-daily-september-09-2016
Sum paid to visiting doctors on basis of patients attended would attract sec. 194J TDS and not sec. 192 TDS
tenet-tax-daily-september-08-2016
Reassessment could be made if investigation wing revealed bogus entries provided by entry operators
tenet-tax-daily-september-07-2016