Tenet Tax Daily January 09 2014
Passenger Service Fee paid by Jet Airways on behalf of its customers won’t attract TDS under sec. 194-I
ITAT calls for exclusion of comparables in which high operating margin occurred due to extraordinary events
Tenet Tax Daily January 08 2014
Granting less than 24 hours to reply to show-cause notice is a flaw in decision making process; assessment quashed
Tenet Tax Daily January 07 2014
Filing of ITR does not bar filing an advance ruling application
Tenet Tax Daily January 06 2014
ITAT remanded the matter as DRP affirmed order of TPO without dealing with assessee’s objections
Tenet Tax Daily December 31 2013
No addition under sec. 145 if AO failed to find defects either in books or in accounting method
Tenet Tax Daily December 30 2013
ITAT’s order couldn’t be reviewed due to fresh arguments raised by assessee unless there was apparent mistake
Tenet Tax Daily December 28 2013
AO can’t slap concealment penalty on assessee merely for claiming expenditure on basis of Apex’s Court verdict
Tenet Tax Daily December 26 2013
AO can’t open his office in assessee’s front yard and summon him to give statement for IT proceedings
Tenet Tax Daily December 24 2013
Assessee can opt for any method under sec. 92C for computing ALP if it proves to be the most appropriate method.
Tenet Tax Daily December 23 2013
India-Macedonia ink new DTAA
Tenet Tax Daily December 21 2013
Receipts from letting out of property for commercial activities held taxable as business receipts
Tenet Tax Daily December 20 2013
Sum incurred on floor repairing and replacement of tiles of building deemed as current repairs
Tenet Tax Daily December 19 2013
Interest paid by Indian branch to its foreign head office not taxable in India; no disallowance for TDS default
Tenet Tax Daily December 18 2013
Exp. incurred by employer on pick and drop facility of guest wasn’t covered under the ambit of FBT
Tenet Tax Daily December 17 2013
Leasehold right in premises is an intangible asset, eligible for depreciation at 25%
Tenet Tax Daily December 16 2013
Discount paid by telecom co’s on sale of recharge coupons subject to TDS u/s 194H
Tenet Tax Daily December 14 2013
Wrong claim made merely due to misinterpretation of amended provision won’t attract concealment penalty
Tenet Tax Daily December 13 2013