Tenet Tax Daily November 30 2018
HC condoned delay as appeal was filed belatedly due to resignation of CEO who only had power to file appeals
No sec. 263 revision if AO had allowed exp. after making reasonable enquiry : ITAT
Tenet Tax Daily November 29 2018
Non-compete fee paid to directors to restrain them from engaging in same business was allowable deduction
Tenet Tax Daily November 28 2018
Sec. 68 additions confirmed in absence of proof showing creditworthiness of father to give huge cash gift to his son
Tenet Tax Daily November 27 2018
Sec. 143(2) notice wasn’t required in case no return was filed in response to sec. 148 notice
Tenet Tax Daily November 26 2018
Assessee couldn’t challenge validity of sale of land by filing writ against reassessment notice
Tenet Tax Daily November 24 2018
Trust to be taxed at maximum marginal rate if it wasn’t registered u/s 12A: ITAT
Tenet Tax Daily November 23 2018
Sum received on renting of terrace for installation of mobile tower taxable as house property income: ITAT
Tenet Tax Daily November 22 2018
Sum received on renting of terrace for installation of mobile tower taxable as house property income: ITAT
Tenet Tax Daily November 21 2018
Deeming fiction of sec. 50C won’t apply while claiming relief under sec. 54F: ITAT
Tenet Tax Daily November 20 2018
On-call advisory services provided to Indian customers in trouble-shooting couldn’t be treated FTS: ITAT
Tenet Tax Daily November 19 2018
SetCom Chairman couldn’t direct a particular course of action to be taken during pendency of application
Tenet Tax Daily November 17 2018
Bad debts of acquired co. don’t form part of operating cost for computing operating profit
Tenet Tax Daily November 16 2018
No disallowance of repair & maintenance exp. if co. furnished PAN of all vendors as supportive doc.
Tenet Tax Daily November 15 2018
AO’s order rejecting ITR without providing opportunity to rectify defect u/s 139(9) liable to be set-aside: HC
Tenet Tax Daily November 14 2018
Assessee couldn’t be directed to pay part of demand during pendency of stay application: Bombay HC
Tenet Tax Daily November 12 2018
ITAT remanded matter to determine TDS liability on payment for AMC after examining relevant doc.
Tenet Tax Daily November 10 2018
Distance between particular land and municipality isn’t criterion to define agricultural land
Tenet Tax Daily November 09 2018