tenet-tax-daily-october-28-2016
No disallowance of scientific research exp. just because benefit of research not shown in relevant year
TP provisions aren’t applicable on transactions between Indian head office and foreign branch
tenet-tax-daily-october-27-2016
High Court disallows travel exp. of wife who went with director on business tour
tenet-tax-daily-october-26-2016
Working capital is one of the important factors for comparable study under transfer pricing
tenet-tax-daily-october-25-2016
Where AO erred in determining status of assessee, CIT(A) had jurisdiction to go into such issue: HC
tenet-tax-daily-october-24-2016
AO couldn’t reopen case merely on basis of opinion of audit party that there was discrepancy in turnover
tenet-tax-daily-october-22-2016
HC couldn’t remand matter to examine creditors when there was fraudulent practice of name lending: Apex Court
No deduction of forex loss on loans granted to AE as assessee failed to prove that it was utilized for business of AE
tenet-tax-daily-october-20-2016
Mere installation of turbine won’t lead to setting-up of new industrial unit for sec. 80-IA relief
tenet-tax-daily-october-19-2016
No penalty due to delay in filing TDS return as it was first year of introduction of e-TDS return
tenet-tax-daily-october-18-2016
Sum paid to brothers for vacating house held as cost of improvement of house
tenet-tax-daily-october-17-2016
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