tenet-tax-daily-september-17-2016
Unit created due to expansion constitutes a new business; tax holiday period begins from initial AY of that unit
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
Cost of acquisition of house couldn’t be reduced on basis of wealth tax return which AO had at assessment stage
tenet-tax-daily-september-06-2016
It couldn’t be said that AO didn’t form his opinion just because he accepted claim without giving any reasons
tenet-tax-daily-september-05-2016
Both employees and employer contribution to PF covered under the ambit of sec. 43B
tenet-tax-daily-september-03-2016
Any income couldn’t be deemed to be taxable just because tax at source had been deducted on it
tenet-tax-daily-september-02-2016
Books of account couldn’t be rejected due to non-maintenance of day-to-day stock register
tenet-tax-daily-september-01-2016
Delay in claiming refund should be condoned when taxpayer had incurred huge losses over a period of time
tenet-tax-daily-august-31-2016
No involvement of perquisites just because employer was paying fixed monthly medical allowances
tenet-tax-daily-august-30-2016