Tenet Tax Daily May 28 2019
Excess jewellery found during search proceedings which belonged to the partners cannot be added in the hands of the firnm
Tax payable in case assessee created provision for payment of his remuneration in books of account
Tenet Tax Daily May 27 2019
Non furnishing of PAN to Tax department will not lead to disallowance on non-deduction of tax.
Tenet Tax Daily May 25 2019
Capital expenditure – Sum forfeited by seller since buyer failed to pay full instalments for use & purchase of Windmill.
Tenet Tax Daily May 24 2019
Order invalidating settlement application – SetCom cannot give retrospective effect
Tenet Tax Daily May 23 2019
Jurisdiction of HC over order of ITAT is not dependent on situs of AO: Bombay HC
Tenet Tax Daily May 22 2019
Additions confirmed since there was mismatch between consumption of raw materials and output of products: HC
Tenet Tax Daily May 21 2019
Stay application cannot be decided by Assessing Officer by imposing conditions: Delhi HC
Tenet Tax Daily May 20 2019
Discounted price charged from Hawkers for supply of newspaper is not commission and hence no TDS liability u/s 194H
Tenet Tax Daily May 18 2019
No reassessment if AO failed to prove that notice was served upon assessee: ITAT
Tenet Tax Daily May 17 2019
Sec. 12AA registration couldn’t be rejected just because society didn’t carry out charitable activities
Tenet Tax Daily May 16 2019
Sec. 41(1) couldn’t be invoked if existence of liabilities was doubted: HC
Tenet Tax Daily May 15 2019
No additions if AO didn’t find assets surrendered by assessee in statement made during search: HC
Tenet Tax Daily May 14 2019
Interest received on enhanced compensation for acquisition of agricultural land is exempt u/s 10(37)
Tenet Tax Daily May 13 2019
ALP of international transaction couldn’t be determined by comparing price charged by other AE’s
Tenet Tax Daily May 11 2019
Loans given for construction of individual residential houses won’t make bank eligible for sec. 36(1)(viii) relief
Tenet Tax Daily May 10 2019
Reassessment on basis of info. that bogus accommodation entries were received by way of share capital justified
Tenet Tax Daily May 09 2019
Writ petition couldn’t be filed if assessee had the remedy to go in for appeal
Tenet Tax Daily May 08 2019