Tenet Tax & Legal Private Limited – Page 12

Corporate Tax

Can two adjacent properties be treated as one house for sec. 54 claim

Tenet Tax Daily July 29 2019

on July 31, 2019

Corporate Tax

Cash available with assessee not disclosed in ITR does not automatically call for reassessment

Tenet Tax Daily July 27 2019

on July 26, 2019

Corporate Tax

Valuation of preference shares issued at premium to be conducted as per prescribed guidelines – matter remanded by ITAT

Tenet Tax Daily July 26 2019

on July 26, 2019

Corporate Tax

Sec. 69C additions upheld by HC since assessee failed to prove nature of expenditure incurred through credit cards

Tenet Tax Daily July 25 2019

on July 26, 2019

Corporate Tax

If assessee’s tax liabilities were unlikely to exceed value of already attached properties his Bank account should be released

Tenet Tax Daily July 24 2019

on July 23, 2019

Corporate Tax

Assessee’s claim raised in ITR to be considered by AO before passing assessment order: HC

Tenet Tax Daily July 23 2019

on July 23, 2019

Corporate Tax

Allow ability of expense is not dependent on Method of accounting provided for valuation of inventory:HC

Tenet Tax Daily July 22 2019

on July 23, 2019

Corporate Tax

Interest and Salary paid to partners by firm correctly denied since the firm failed to comply with sec. 142(1) notice: ITAT

Tenet Tax Daily July 20 2019

on July 23, 2019

Corporate Tax

Excess share premium not taxable u/s 56(2)(viib) without determining FMV of shares

Tenet Tax Daily July 19 2019

on July 19, 2019

International Tax

Subscription charges received from customers not taxable as royalty

Tenet Tax Daily July 18 2019

on July 19, 2019

International Tax

Payments made to Foreign Bank for providing financial services is not liable to tax as ‘FTS’

Tenet Tax Daily July 17 2019

on July 17, 2019

Individual Taxation

Person migrating to Foreign Country – 182 days period to be considered for calculating residential status

Tenet Tax Daily July 16 2019

on July 16, 2019

Corporate Tax

Filing rectification application against the rectification order passed by ITAT not allowed: HC

Tenet Tax Daily July 15 2019

on July 16, 2019

Corporate Tax

Deduction of preliminary expenses allowed to assessee engaged in service sector: HC

Tenet Tax Daily July 13 2019

on July 16, 2019

Corporate Tax

Gifts received by doctors from Pharma Cos with their logo are not freebies: ITAT

Tenet Tax Daily July 09 2019

on July 15, 2019

Corporate Tax

Surplus arising from assignment of loan to third party is not taxable u/s 41(1)

Tenet Tax Daily July 12 2019

on July 15, 2019

Corporate Tax

In order to classify land as rural agricultural land, distance from the metropolitan area is not relevant

Tenet Tax Daily July 11 2019

on July 15, 2019

International Tax

Since benchmarking done by assessee was accepted by the TPO penalty u/s 271G was to be deleted

Tenet Tax Daily July 10 2019

on July 15, 2019