Tenet Tax Daily April 12 2017
No concealment penalty if assessee duly paid tax after realizing that travelling expense was untenable: HC
AO was justified in rejecting books of account if assessee failed to produce books during scrutiny assessment
Tenet Tax Daily April 11 2017
Unabsorbed depreciation of earlier years to be allowed as deduction while computing book profits: HC
Tenet Tax Daily April 10 2017
AO couldn’t hold that repayment of loan to trustee was in violation of sec. 11 without bringing any relevant facts
Tenet Tax Daily April 08 2017
Order for direction for special audit was not to be quashed as interest of revenue wasn’t mentioned
Tenet Tax Daily April 07 2017
Fine for traffic violation isn’t deductible as business expenditure: Kolkata ITAT
Tenet Tax Daily April 06 2017
In case of old windmill purchased at higher cost to claim excessive depreciation, actual cost was to be reduced
Tenet Tax Daily April 05 2017
Mere signing of ‘Sauda Chitthi’ wouldn’t prove that assessee had received consideration from sale of land: HC
Tenet Tax Daily April 04 2017
ITAT remanded case as comparable was rejected on ground that risk adjustment wasn’t allowed but same was claimed
Tenet Tax Daily April 03 2017
No TDS liability u/s 194A if application for registration of trust was pending
Tenet Tax Daily April 01 2017
Tax dept. can’t demand copies of tax return of NR donor whose creditworthiness is proved by donee: ITAT
Tenet Tax Daily March 28 2017
Attribution of profits to PE depends upon role played by PE in overall income generation: ITAT
Tenet Tax Daily March 27 2017
No penalty when bank deposit was disclosed in revised return prior to initiation of reassessment proceedings
Tenet Tax Daily March 25 2017
HUF is entitled for sec. 54F exemption even if new property is registered in name of ‘Karta’
Tenet Tax Daily March 24 2017
Changes proposed in Finance Bill, 2017 – An insight into
Tenet News Flash – March 23, 2017
Assessee need not disclose additional income in every year covered by settlement application
Tenet Tax Daily March 22 2017
No penalty on Foreign Co. due to false claim of not having any Indian PE when existence of PE was debatable
Tenet Tax Daily March 21 2017
Rent taxable as business receipt as leasing out was part of business activity of firm as per partnership deed
Tenet Tax Daily March 20 2017