Tenet Tax Daily November 08 2018
Sec. 54 relief allowable if new house was purchased within one year prior to date of agreement to sell: ITAT
SetCom Chairman couldn’t direct a particular course of action to be taken during pendency of application
Tenet Tax Daily November 07 2018
ITAT condoned delay in filing appeal as assessee was fighting against his CA who filed false ITR
Tenet Tax Daily November 06 2018
No additions on ground that shares were issued at excess premium if creditworthiness of investors established
Tenet Tax Daily November 05 2018
No benefit of reduced rate of TDS as projection of losses by assessee was questionable : HC
Tenet Tax Daily November 03 2018
Delhi HC upheld reassessment as Samsung failed to disclose royalty income
Tenet Tax Daily November 02 2018
No penalty on late filing of TDS return if tax was deducted and deposited in time: Delhi ITAT
Tenet Tax Daily October 31 2018
ITAT upheld concealment penalty as non-deduction of TDS wasn’t a bona fide belief for non-taxability of income
Tenet Tax Daily October 30 2018
Exp. incurred on education of partner’s in Foreign Country was allowable if it was linked with business of firm
Tenet Tax Daily October 29 2018
Charges paid to internet service provider to access internet on dedicated lease line not liable for sec. 194-I
Tenet Tax Daily October 27 2018
Sec. 50C not applicable if assessee invested entire sale consideration in new house property u/s. 54F
Tenet Tax Daily October 26 2018
ITAT remanded matter to verify whether trust was owner of building for which repair exp. was incurred
Tenet Tax Daily October 25 2018
No deduction of provision for warranty if its estimated cost wasn’t on basis of past experience
Tenet Tax Daily October 24 2018
Receiving special audit report within period of limitation wasn’t necessary: Delhi HC
Tenet Tax Daily October 23 2018
Sum paid for use of computer software not royalty in absence of amendment to definition of royalty in DTAA
Tenet Tax Daily October 22 2018
Legal advisory service fee received by partnership firm couldn’t be taxed under article 15 of India-UK DTAA
Tenet Tax Daily October 20 2018
HC justified search & seizure as its authorization was based on definite information & discreet verifications
Tenet Tax Daily October 18 2018
Claim disallowed u/s 36(1)(viii) couldn’t be allowed u/s 36(1)(viia) in absence of provision made for bad debts
Tenet Tax Daily October 17 2018