Tenet Tax Daily December 08 2017
No additions if it was assessee’s business decision to share employee cost with sister concerns on cost-to-cost basis
No TDS if sum paid to foreign co. was reimbursement of expenses with no income element: Mumbai ITAT
Tenet Tax Daily December 07 2017
Sec. 36(1)(iii) disallowance was valid if Co. didn’t have sufficient funds to give advances to its sister concern
Tenet Tax Daily December 06 2017
Interconnect usage charges paid by ‘BSNL’ to foreign telecom operators were neither FTS nor Royalty
Tenet Tax Daily December 05 2017
ITAT allowed additional dep. on “visicooler” installed by cold drink manufacturer at distributor’s place
Tenet Tax Daily December 04 2017
Section 153C proceedings couldn’t be invoked in absence of incriminating materials recorded in satisfaction note
Tenet Tax Daily December 02 2017
Profit from sale of shares was taxable as capital gains if purchase was made with intention of investments
Tenet Tax Daily December 01 2017