Tenet Tax Daily September 09 2017
No disallowance could be made merely because amount of liability was yet to be ascertained: HC
HC slams AO for initiation of reassessment proceedings before expiry of time to issue scrutiny notice
Tenet Tax Daily September 08 2017
Relief once granted u/s 80-IB couldn’t be rejected in subsequent yrs without withdrawing relief granted in earlier yr
Tenet Tax Daily September 07 2017
Sec. 144C assessment order had to be quashed if AO didn’t furnish draft assessment order to assessee: HC
Tenet Tax Daily September 06 2017
AO cannot make revision to treat loan as deemed dividend if full disclosure was made during scrutiny assessment
Tenet Tax Daily September 05 2017
No prosecution proceedings if assessee failed to deposit TDS in time but submitted in along with interest later on
Tenet Tax Daily September 04 2017
TDS disallowance to be made even if no sum payable at year-end; HC follows Apex court’s decision
Tenet Tax Daily September 02 2017
ITAT couldn’t remand matter back to TPO for afresh determination if details of comparables were available
Tenet Tax Daily September 01 2017
No addition in hand of co. if sum seized from bank locker of co. was admitted by director as his undisclosed income
Tenet Tax Daily August 31 2017
No addition on account of cessation of liability if amount related of sundry creditors was credited to P&L a/c
Tenet Tax Daily August 30 2017
Sec. 263 revision was valid if assessee failed to substantiate source of cash deposit with any evidence
Tenet Tax Daily August 29 2017
No TDS on rental payment made by co. on behalf of directors if recipient had no deduction certificate u/s 197
Tenet Tax Daily August 28 2017