Tenet Tax Daily March 30 2017
Comparable with related party transaction of 18% can’t be excluded considering the standard range of 15-20%: ITAT
KPO or design service providers are not comparable to software consultancy service providers
Tenet Tax Daily March 29 2017
Tax dept. can’t demand copies of tax return of NR donor whose creditworthiness is proved by donee: ITAT
Tenet Tax Daily March 28 2017
Attribution of profits to PE depends upon role played by PE in overall income generation: ITAT
Tenet Tax Daily March 27 2017
No penalty when bank deposit was disclosed in revised return prior to initiation of reassessment proceedings
Tenet Tax Daily March 25 2017
HUF is entitled for sec. 54F exemption even if new property is registered in name of ‘Karta’
Tenet Tax Daily March 24 2017
Changes proposed in Finance Bill, 2017 – An insight into
Tenet News Flash – March 23, 2017
Assessee need not disclose additional income in every year covered by settlement application
Tenet Tax Daily March 22 2017
No penalty on Foreign Co. due to false claim of not having any Indian PE when existence of PE was debatable
Tenet Tax Daily March 21 2017
Rent taxable as business receipt as leasing out was part of business activity of firm as per partnership deed
Tenet Tax Daily March 20 2017
House given to wife for inadequate consideration could be attached to recover tax dues of husband
Tenet Tax Daily March 17 2017
Sec. 44BB covers hiring of barge for offshore accommodation being indirect usage of barge to extract mineral oil
Tenet Tax Daily March 16 2017
No disallowance of foreign travel exp. of partners who travelled to Countries from which sizeable business generated
Tenet Tax Daily March 15 2017
AO’s order held as erroneous as he failed to enquire into provisions for loss on assets for disposal
Tenet Tax Daily March 14 2017
No TDS liability if payee not identifiable at time of making provision for expenditure at year end
Tenet Tax Daily March 13 2017
A company can’t be excluded for low turnover when it is otherwise functionally comparable
Tenet Tax Daily March 11 2017
Failure to file Form 3CEB won’t invite reassessment when transactions with AE were disclosed during assessment
Tenet Tax Daily March 10 2017
No sec. 54F relief if newly acquired house is instantly demolished: Chennai ITAT
Tenet Tax Daily March 09 2017