Tenet Tax Daily February 22 2014
Rent from letting out of unused business premises is ‘income from house property’ and not business receipt
Date of service of notice is date of its actual receipt by assessee
Tenet Tax Daily February 21 2014
No bar on advance ruling on filing return, issue deemed as pending only if scrutiny notice issued raises same question
Tenet Tax Daily February 20 2014
ITAT won’t deal with issues not raised before it
Tenet Tax Daily February 19 2014
Salary income can’t be deemed to have accrued in India merely if appointment letter has been issued in India
Tenet Tax Daily February 18 2014
Assessee couldn’t challenge ITAT’s order which was decided on basis of case cited by assessee only
Tenet Tax Daily February 15 2014
Artificial segregation for lounging and catering not permissible; sec. 194C attracted
Tenet Tax Daily February 14 2014
SC sets aside HC’s judgment as it was passed without pointing out error of law in ITAT’s order
Tenet Tax Daily February 13 2014
Investment of sales consideration provides sec. 54F relief even if construction isn’t completed within 3 years
Tenet Tax Daily February 12 2014
Any device usable in integration with computer comes within expression ‘Computer’
Tenet Tax Daily February 11 2014
Exp. on application software isn’t revenue exp. even if it has very short shelf life and is prone to obsolescence
Tenet Tax Daily February 10 2014
Assessee was not to be given opportunity of being heard by CIT while granting approval for block assessment
Tenet Tax Daily February 08 2014
Exp. on scientific research useful for public at large is allowable even if it enures benefit to third party
Tenet Tax Daily February 07 2014
Tax to be deducted under sec. 194C if cargo handling service was labour oriented with assistance of machines
Tenet Tax Daily February 05 2014
Consequential additions to be deleted if main additions forming base for re-assessment couldn’t be sustained
Tenet Tax Daily February 06 2014
No penalty for belated filing of tax audit report as it was caused due to delay in completion of statutory audit
Tenet Tax Daily February 04 2014
ITAT couldn’t adjudicate upon jurisdictional issue when it wasn’t raised before assessing authority
Tenet Tax Daily February 03 2014
AO doesn’t have power to deny sec. 54F exemption while processing return under sec. 143(1)
Tenet Tax Daily February 01 2014