Tenet Tax Daily May 15 2017
Cash seized from locker of wife, children added to assessee’s income as he failed to prove their earning capacity
No Sec. 195 TDS on payment under Secondment when it was taxed in India as salary: ITAT
Tenet Tax Daily April 19 2017
Assessee need not disclose additional income in every year covered by settlement application
Tenet Tax Daily March 22 2017
House given to wife for inadequate consideration could be attached to recover tax dues of husband
Tenet Tax Daily March 17 2017
ITAT allows taxpayer to file additional evidence to claim exemption for salary received on UK assignment
Tenet Tax Daily February 07 2017
Statement of family members would be considered for making additions even if it wasn’t made during search
Tenet Tax Daily January 19 2017
Keyman insurance policy not taxable on its assignment before maturity for period prior to April 1, 2014
tenet-tax-daily-november-21-2016
Sum paid to visiting doctors on basis of patients attended would attract sec. 194J TDS and not sec. 192 TDS
tenet-tax-daily-september-08-2016
Delay in claiming refund should be condoned when taxpayer had incurred huge losses over a period of time
tenet-tax-daily-august-31-2016
No involvement of perquisites just because employer was paying fixed monthly medical allowances
tenet-tax-daily-august-30-2016
Cash deposited by partner in saving account couldn’t be held as unexplained when it was cash sales of firm
tenet-tax-daily-august-29-2016
Statement of senior partner couldn’t be retracted on pretext that he had no knowledge of business
tenet-tax-daily-august-26-2016
Both employees and employer’s contribution covered under Sec. 43B: Patna HC
tenet-tax-daily-august-22-2016
Cash deposits in bank can’t be held as undisclosed income without verifying source of deposits
tenet-tax-daily-august-13-2016
Stock appreciation rights are taxable when employee is resident at the time of exercise of such rights
Tenet Tax Daily July 15 2016
Salary earned in USA exempted from tax as employee was held as resident of USA under tie-breaker rule of DTAA
Tenet Tax Daily July 13 2016
ITAT taxes salary received in India; dismisses employee’s claim of having received salary on high seas
Tenet Tax Daily July 05 2016