Tenet Tax Daily August 22 2019
In case there was no reasonable cause for delay in deposit of TDS rigorous imprisonment of Assessee is justified
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
Reassessment not necessary since sum was duly returned due to non-materialisation of deal to develop IT Park
Tenet Tax Daily August 09 2019
One of the business undertaking sold along with assets & liabilities would fall within meaning of slump sale
Tenet Tax Daily August 08 2019
Outstanding demand for granting stay to include Advance tax & TDS deposited by assessee
Tenet Tax Daily August 07 2019
In case majority of materials was purchased from third parties for job work sec. 194C TDS is not applicable
Tenet Tax Daily August 03 2019
If a warrant of authorization is issued search & seizure operation cannot be set-aside
Tenet Tax Daily August 02 2019
Payment received by Foreign Company for installation and supervision of pipes and fittings is not FTS
Tenet Tax Daily August 06 2019
No FTS or Royalty wrt Interconnect usage charges paid to foreign telecom operators
Tenet Tax Daily August 05 2019
Sum deposited in capital gain account scheme before filing belated ITR – Sec. 54F relief to be allowed
Tenet Tax Daily August 01 2019