March 2017 – Page 2 – Tenet Tax & Legal Private Limited

Whether in terms of relevant clauses of DTAA between India-Italy and India-Japan, where payments fall within purview of Independent Personal services then, even if, they are treated as Fees for technical fee or Fees for included services, such income of non-resident shall be liable to be taxed under Article governing Independent Personal services and not as Fee for technical services

Tenet Tax Daily March 07 2017

on March 22, 2017

Corporate Tax

Once raw material quantity that did not appear in regular books of account was discovered and could be inferred as a result of search, onus lay upon assessee to furnish full particulars as to cost of that raw material or average cost

Tenet Tax Daily March 06 2017

on March 22, 2017

Corporate Tax

Section 80-IB(10) relief to be allowed only when return is filed on or before due date given under section 139(1)

Tenet Tax Daily March 04 2017

on March 22, 2017

Payment made for connectivity facility for sending bulk SMS couldn’t be held as royalty: Mumbai ITAT

Tenet Tax Daily March 03 2017

on March 22, 2017

Corporate Tax

Section 153 not to be applied in respect of proceedings covered under ambit of sec. 144C

Tenet Tax Daily March 02 2017

on March 22, 2017

Corporate Tax

Failure of assessee to disclose capital gains on basis of sec. 50C would invite reassessment

Tenet Tax Daily March 01 2017

on March 22, 2017