Tenet Tax Daily August 31 2019
Money deposited in bank account which was withdrawn for purchase of property does not call for sec. 68 additions
Construction of bridge for transportation of goods was revenue exp.
Tenet Tax Daily August 30 2019
Purchase of two adjacent flats converted into single unit entitled to Sec. 54F relief
Tenet Tax Daily August 29 2019
Statement recorded of third person if additions were made after finding of facts – Sec. 69 rightly invoked
Tenet Tax Daily August 28 2019
Selling various small properties acquired from sale of land is not treated as business activity
Tenet Tax Daily August 27 2019
Section 54 relief not to be denied merely because assessee claimed exemption under wrong sub section
Tenet Tax Daily August 26 2019
ITAT directs re-examination of Non-speaking order passed by CIT(A)
Tenet Tax Daily August 24 2019
Computing of ALP on adhoc basis by AO held not justified: ITAT
Tenet Tax Daily August 23 2019
In case there was no reasonable cause for delay in deposit of TDS rigorous imprisonment of Assessee is justified
Tenet Tax Daily August 22 2019
Sec. 80-IB deduction eligible to assessee engaged in business of manufacturing & exporting honey
Tenet Tax Daily August 21 2019
Compensation paid in respect of land taken on lease could not be allowed as revenue expenditure without examining terms of the lease agreement – matter remanded
Tenet Tax Daily August 20 2019
If tax was deducted on bona fide estimate the deductor cannot be treated as assessee-in-default
Tenet Tax Daily August 19 2019
Admission by partner that sum received from NRI was firm’s own money – Sec. 69A additions valid
Tenet Tax Daily August 17 2019
No TDS in case of Foreign Company receiving compensation for breach of contract since it did not have a PE in India
Tenet Tax Daily August 16 2019
No denial of Sec. 54 relief if delay to give possession of new house was on account of developer
Tenet Tax Daily August 14 2019
Revenue expenditure – expenditure incurred for upgrading cricket stadium in accordance with ICC standards: HC
Tenet Tax Daily August 13 2019
TPO cannot question justification for purchase of Know-how – he can only determine ALP of the purchase
Tenet Tax Daily August 12 2019
Expenditure related to scientific research does not require approval to claim deduction u/s 35(1)(i)
Tenet Tax Daily August 10 2019