Tenet Tax Daily July 11 2019
In order to classify land as rural agricultural land, distance from the metropolitan area is not relevant
Since benchmarking done by assessee was accepted by the TPO penalty u/s 271G was to be deleted
Tenet Tax Daily July 10 2019
Finance Bill, 2019 – An insight into the changes proposed
Tenet News Flash – Budget 2019 – July 08, 2019
Case could not be remanded to AO by SetCom for disposing assessee’s case on merits: HC
Tenet Tax Daily July 08 2019
If assessee questions the correctness of the report prepared by the DVO, a notice is required to be served on the DVO to seek explanation
Tenet Tax Daily July 06 2019
Assessment order set-aside since AO completed reassessment without giving opportunity to assessee to file objections to the reasons recorded
Tenet Tax Daily July 05 2019
Flat constructed on land occupied by housing society on leasehold basis eligible for Sec. 54 relief
Tenet Tax Daily July 04 2019
Bank failing to file its ITR within due dates denied carry forward of loss: HC
Tenet Tax Daily July 03 2019
Sec. 10(26B) exemption denied in case of a Corporation established for welfare of employees of police dept: HC
Tenet Tax Daily July 02 2019
Golf facilities provided to members for promoting Golf is charitable in nature: HC
Tenet Tax Daily July 01 2019
EPF Contribution not to be disallowed if deposited before due date of filing of ITR
Tenet Tax Daily June 29 2019
Having an Agreement with related party is not enough to claim allowance of Research & advisory fees
Tenet Tax Daily June 28 2019
Assessee unable to justify excessive premium over face value of shares – Reassessment justified: HC
Tenet Tax Daily June 27 2019
Capital expenditure – Expenditure on improvement of leasehold building is not revenue expenditure but capital in nature
Tenet Tax Daily June 26 2019
Section 69 additions deleted since assessee explained source of advance rental income
Tenet Tax Daily June 25 2019
No disallowance of share trading loss if all transactions were carried on stock exchange
Tenet Tax Daily June 24 2019
US based private investment group making Investment with Govt. approval cannot be treated as a sham transaction
Tenet Tax Daily June 22 2019
If assessee is step-down subsidiary of a Public Co. listed on the stock Exchange there will be no angel tax
Tenet Tax Daily June 21 2019