Tenet Tax Daily October 04 2019
Capital expenditure to include expenses incurred on interior decoration & office equipment on leased premises
Sum contributed to trusts created for health care of retired employees – No sec. 40A(9) disallowance
Tenet Tax Daily October 03 2019
Documents which are not legal evidence cannot be used for the purposes of making additions: ITAT
Tenet Tax Daily October 02 2019
Interest on unutilised funds treated as capital receipt not chargeable to tax
Tenet Tax Daily October 01 2019
Payment made to retired employees to fulfill statutory obligation allowable u/s 37(1)
Tenet Tax Daily September 30 2019
In case where no PE in India, sum received for supply of equipment and its installation are not taxable as FTS
Tenet Tax Daily September 28 2019
If average collection period of outstanding trade receivable is less than industry’s average TP additions are not warranted
Tenet Tax Daily September 27 2019
Reassessment order set aside since AO rejected assessee’s objection without dealing with it: HC
Tenet Tax Daily September 25 2019
Action against TCS defaults to be taken within a reasonable period if no limitation period is prescribed under the Act
Tenet Tax Daily September 24 2019
Appeal cannot be dismissed by CIT(A) without deciding on merits: ITAT
Tenet Tax Daily September 23 2019
Jurisdiction to entertain appeal at Mumbai not based merely by having registered office at Mumbai: HC
Tenet Tax Daily September 21 2019
Rule 8D cannot be applied only if assessee had mixed funds for earning tax free income
Tenet Tax Daily September 20 2019
Service of scrutiny notice on wrong address of assessee – assessment order quashed: ITAT
Tenet Tax Daily September 19 2019
Issue of existence of LG’s PE in India remanded to DRP for examination and decision: ITAT
Tenet Tax Daily September 18 2019
Rejection of assessee’s benchmarking of royalty payment by TPO without any basis is unsustainable
Tenet Tax Daily September 17 2019
If letter of confirmation of loan amount not considered by AO section 68 additions invalid
Tenet Tax Daily September 16 2019
Order of HC which was relied by ITAT to give direction in favour of assessee cannot be dissected by AO
Tenet Tax Daily September 14 2019
Since ITAT confirmed disallowance since cash payments exceeded threshold limit no question of law arises
Tenet Tax Daily September 13 2019