Tenet Tax Daily January 24 2019
Sec. 234B interest leviable if advance tax liability arose due to additions made towards explained investment
Appeal to be admitted if defect of non-payment of tax is removed by assessee later on
Tenet Tax Daily January 23 2019
Reassessment justified as assessee didn’t file relevant details related to huge advance made to one party
Tenet Tax Daily January 22 2019
No Sec. 12A registration as trust intended to distribute properties acquired from Grants amongst private members
Tenet Tax Daily January 21 2019
ITAT remanded matter to examine whether payment made for acquiring software licence was royalty
Tenet Tax Daily January 19 2019
Revisional order justified as reference to TPO was mandatory in scrutiny cases selected on TP risk parameters
Tenet Tax Daily January 18 2019
ITAT slams AO for not allowing bad debts claim in case co-operative bank didn’t have any rural branches
Tenet Tax Daily January 17 2019
HC quashed locker search warrant as Add. DIT failed to prove that such locker contained undisclosed income
Tenet Tax Daily January 16 2019
No denial of exemption just because educational institution collected part of fees in Foreign exchange abroad
Tenet Tax Daily January 15 2019
No denial of exemption just because payer-co. didn’t pay DDT on distribution of dividends
Tenet Tax Daily January 14 2019
FTS should be taxable as per Article 7 in case there is no FTS clause in India-Philipines DTAA: ITAT
Tenet Tax Daily January 12 2019
Sum received by Canadian Co. for grant of licence to use technology for internal purpose only wasn’t royalty
Tenet Tax Daily January 11 2019
Gain arising from sale of shares by Spanish Co. not taxable in India by virtue of Article 14(6) of India-Spain DTAA
Tenet Tax Daily January 10 2019
Conversion of CCPSs into equity shares couldn’t be considered as transfer within meaning of sec. 2(47): ITAT
Tenet Tax Daily January 09 2019
No deduction towards acquisition of satellite distribution rights if films weren’t exhibited on commercial basis
Tenet Tax Daily January 08 2019
No additions on basis of TDS claimed if corresponding income not taxable due to cash system of accounting
Tenet Tax Daily January 07 2019
Exp. allowable if assessee was responsible for warranty towards engines supplied to IAF manufactured by Russian Co.
Tenet Tax Daily January 05 2019
No deduction towards acquisition of satellite distribution rights if films weren’t exhibited on commercial basis
Tenet Tax Daily January 04 2019