Tenet Tax Daily May 20 2015
No prosecution against advocate for filing client’s return on fake TDS certificate as it was supplied by client
Sum paid to consultant-doctor without any stipulation of working hours or leave would attract sec. 194J TDS
Tenet Tax Daily May 19 2015
Sum paid to consultant-doctor without any stipulation of working hours or leave would attract sec. 194J TDS
Tenet Tax Daily May 19 2015
No reassessment after 4 years alleging wrong allowance of exp. if assessee had disclosed all material facts
Tenet Tax Daily May 16 2015
No sec. 194J TDS on sale of goods to stockiest below MRP by treating the differential amount as managerial fees
Tenet Tax Daily May 15 2015
Employment of more engineers won’t show Co. as technical service provider for transfer pricing purpose
Tenet Tax Daily May 14 2015
Payment made to partners for purchase of land above prevalent market rate would lend to Sec. 40A(2) disallowance
Tenet Tax Daily May 13 2015
House constructed by builder on behalf of assessee has to be considered for granting sec. 54F relief to assessee
Tenet Tax Daily May 11 2015
AAR couldn’t reject application without explaining how transaction via Mauritius route was made for tax avoidance
Tenet Tax Daily May 08 2015
AO can’t make reference to Valuation Officer without declaration of lesser sale price by assessee
Tenet Tax Daily May 07 2015
No reassessment after 4 years without obtaining sanction of CIT – original assessment was made under sec. 143(3)
Tenet Tax Daily May 06 2015
No deemed income of NR u/s 9 when it had established Liaison office in India to purchase goods for export
Tenet Tax Daily May 05 2015
Non-resident co.’s service of preparing finance scheme and arranging national and international loans, was ‘consultancy service’
Tenet Tax Daily May 04 2015
No sec. 11 relief if trust was doing supermarket business on commercial lines, being not incidental to its objects
Tenet Tax Daily May 01 2015
Mere non-registration of asset in name of assessee doesn’t lead to denial of deprecation claim thereon
Tenet Tax Daily April 30 2015
No TDS on sum paid for extra cost incurred by contractor due to delay in completion of work by sub-contractor
Tenet Tax Daily April 29 2015
Timely service of sec. 143(2) notice is mandatory and not only a mere procedural requirement
Tenet Tax Daily April 24 2015
Penalty leviable if assessee didn’t add back depreciation charged under Companies Act in computation of income
Tenet Tax Daily April 23 2015