Tenet Tax Daily May 05 2016
For determining service PE actual stay of employees in India is relevant and not entire contract period
Processing of return under sec. 143(1) couldn’t be regarded as assessment
Tenet Tax Daily May 04 2016
Cancellation of agreement on non-completion of construction of house won’t effect sec. 54 relief
Tenet Tax Daily May 03 2016
LIC premium paid for directors of Co. under staff welfare scheme is allowable as business expense
Tenet Tax Daily May 02 2016
Purchase of technical data for AE couldn’t be treated as rendering of technical services
Tenet Tax Daily April 30 2016
A land couldn’t be treated as agricultural land just because it was situated beyond 8 km. from municipal limits
Tenet Tax Daily April 29 2016
No action could be taken against foreign parent Co. by issuing notices to its Indian group Co.
Tenet Tax Daily April 28 2016
Credit of TDS won’t be denied to a contractor even if entire work has been sub-contracted to others
Tenet Tax Daily April 27 2016
Sum paid for harvesting of sugarcane from farmers’ fields would attract TDS even if farmer wasn’t a party to contract
Tenet Tax Daily April 26 2016
Sanctity of employee’s commission couldn’t be doubted if same was paid for extra services provided by employees
Tenet Tax Daily April 25 2016
Secret commission paid to employees of competitors restricted to 1% of total sales
Tenet Tax Daily April 23 2016
Services rendered by NR sub-arrangers to mobilise funds outside India are not ‘FTS’: Bombay HC
Tenet Tax Daily April 22 2016
Failure to apply correct TP method attracts concealment penalty
Tenet Tax Daily April 21 2016
Effect of amendment to the Act can’t be given to DTAA unless corresponding amendment is also made to DTAA
Tenet Tax Daily April 20 2016
Placement agency services couldn’t be treated as ‘FTS’ under article 12 of India-US DTAA
Tenet Tax Daily April 19 2016
Interest on loan disallowed as assessee diverted loan to AE at much lesser rate without any commercial expediency
Tenet Tax Daily April 18 2016
Consultancy services provided by foreign Co. in relation to highway projects in India won’t be treated as ‘FTS’
Tenet Tax Daily April 16 2016
No disallowance for TDS default if TDS liability was imposed via retro-amendment to provision
Tenet Tax Daily April 15 2016