tenet-tax-daily-december-09-2016
Commission for loan guarantee is revenue exp. even if loan is taken to acquire capital asset
CIT can make sec. 264 revision even if there is a mistake on the part of assessee
tenet-tax-daily-december-08-2016
TPO couldn’t adopt a method different from earlier year for ALP computation without assigning cogent reasons
tenet-tax-daily-december-07-2016
Non-disclosure of plot details of housing project leads to sec. 80-IB disallowance in reassessment
tenet-tax-daily-december-06-2016
ITAT allows deduction of payments to sub-contractors as it was genuine payment made via banking channel
tenet-tax-daily-december-05-2016
Payment made to labour contractor to procure material on behalf of builder assessee won’t attract sec. 194C TDS
tenet-tax-daily-december-03-2016
Gains arising on shares were capital gains when shares were continuously shown as investment in balance sheet
tenet-tax-daily-december-02-2016
Loaders, water tankers eligible for 30% depreciation if used in business of transportation of goods on hire
tenet-tax-daily-december-01-2016
Interest paid by stock-broker was deductible under sec. 57 as borrowings were utilized for deposits with NSE
tenet-tax-daily-november-30-2016
Disclosure of additional income during settlement didn’t show that initial offer wasn’t true: HC
tenet-tax-daily-november-29-2016