Tenet Tax Daily August 06 2018
Matter explained properly by assessee would bar AO to open case on another facet of same matter
Submission of evidence during seizure isn’t necessary; can be done in assessment proceeding as well: HC
Tenet Tax Daily August 04 2018
Demand to be set-aside if nil TCS certificate submitted first-time before appellate authorities: HC
Tenet Tax Daily August 03 2018
HC affirms rejection of settlement application for not disclosing correct info about income and its source
Tenet Tax Daily August 02 2018
Notice issued against predecessor co. which has lost its existence after merger isn’t valid: HC
Tenet Tax Daily August 01 2018
Admitting additional income in revised return after survey won’t preclude AO from levying penalty
Tenet Tax Daily July 31 2018
Income-tax additions merely on basis of a show-cause notice issued by Excise dept. was unjustified : HC
Tenet Tax Daily July 30 2018
Profit from investment held as capital gains in earlier years can’t be treated differently in subsequent year
Tenet Tax Daily July 28 2018
No sec. 68 additions if assessee duly produced returns of firms showing his profit share
Tenet Tax Daily July 26 2018
Interest awarded on enhanced compensation paid for compulsory acquisition of agriculture land not taxable
Tenet Tax Daily July 27 2018
Assessment order dispatched by AO tantamounts to passing of order; SetCom application not maintainable
Tenet Tax Daily July 25 2018
No TDS from fees paid under Security Lending Scheme as payer wasn’t aware of lender’s identity
Tenet Tax Daily July 24 2018
Inland Haulage Charge is income from shipping operations; exempt as per Article 9 of India-France DTAA
Tenet Tax Daily July 23 2018
No denial of sec. 35AD deduction just because there was delay in awarding star certificate to hotel
Tenet Tax Daily July 21 2018
Reassessment on basis of info. from investigation wing that assessee received accommodation entries was justified
Tenet Tax Daily July 20 2018
Support and service fees not taxable as FTS as it didn’t satisfy make available clause
Tenet Tax Daily July 19 2018
Registration deemed to be granted if CIT failed to dispose off sec. 12AA application within 6 months: ITAT
Tenet Tax Daily July 18 2018
AO couldn’t issue second reassessment notice without withdrawing first one: Gujarat HC
Tenet Tax Daily July 17 2018