Tenet Tax Daily February 19 2016
No separate deduction of expenditure while computing income on presumptive basis under sec. 44BB
Govt. isn’t abusing its powers if it requires employees to travel via Air India to avail of LTC
Tenet Tax Daily February 18 2016
An event management co. can’t be compared with a co. rendering marketing support services
Tenet Tax Daily February 16 2016
CIT couldn’t exercise his revisionary power where AO adopted one of possible views while granting relief to assessee
Tenet Tax Daily February 15 2016
Payment made for supply of building material isn’t liable to TDS
Tenet Tax Daily February 13 2016
No PE even if place of business falls under inclusive definition of PE if permanency test isn’t satisfied
Tenet Tax Daily February 12 2016
Receipt of excess premium on shares by a co. having lower net-worth leads to income escaping assessment
Tenet Tax Daily February 11 2016
Amendment safeguarding TDS disallowance on payment of tax by payee has retro-effect
Tenet Tax Daily February 10 2016
Cash purchases from Pheriwalas in excess of Rs 20,000 doesn’t attract disallowance
Tenet Tax Daily February 09 2016
TDS liability under sec. 194C would attract even on oral contract
Tenet Tax Daily February 08 2016
No penalty on NR as he genuinely believed that foreign income wasn’t taxable in India when it was exempt abroad
Tenet Tax Daily February 06 2016
Settlement amount paid by firm on behalf of its partner couldn’t be treated as exp. in its hand
Tenet Tax Daily February 05 2016
A Co. can’t be excluded from list of comparables merely on ground of low turnover
Tenet Tax Daily February 04 2016
Notice can be affixed at main door of assessee’s premises if he refuses to receive it
Tenet Tax Daily February 03 2016
Exp. incurred by solicitor on medical treatment of his eyes is personal expense; disallowable
Tenet Tax Daily February 02 2016
AO couldn’t impose penalty without bringing out any specific charge for its imposition
Tenet Tax Daily February 01 2016
Failure of assessee to prove that NR-agent has no PE in India leads to disallowance of commission for TDS default
Tenet Tax Daily January 30 2016
Tribunal can’t reverse its order in guise of rectification
Tenet Tax Daily January 29 2016