Tenet Tax Daily April 16 2019
Assessee can’t escape liability u/s 69A by merely stating that unexplained money was received by his agent
No addition in hands of company’s director if cash seized from him belonged to Co. itself
Tenet Tax Daily April 15 2019
Blending of tea leaves doesn’t amount to manufacturing; Sec. 154 rightly invoked to rectify the apparent mistake
Tenet Tax Daily April 13 2019
Delhi HC remanded case back as ITAT failed to examine taxability of technical service charge in terms of FTS
Tenet Tax Daily April 12 2019
No TP adjustments on share purchase at high premium as it doesn’t amount to revenue receipt: Bombay HC
Tenet Tax Daily April 11 2019
Sec. 69 additions couldn’t be made in respect of investments made in earlier years: Delhi ITAT
Tenet Tax Daily April 10 2019
Notice to be issued in name of legal heir in case of reopening of assessment of deceased person: HC
Tenet Tax Daily April 09 2019
Person appointed on probation can’t get confirmed appointment automatically after expiry of probation period
Tenet Tax Daily April 08 2019
Payments to various artists participating in reality shows are liable for sec. 194C TDS & not sec. 194J TDS
Tenet Tax Daily April 06 2019
Sum received by partner on retirement from firm is exempt from tax: ITAT
Tenet Tax Daily April 05 2019
No denial of sec. 54B relief if land sold by assessee was classified as agricultural land in revenue record
Tenet Tax Daily April 04 2019
ITAT quashed draft assessment order as ‘ESPN’, being NR partnership firm, wasn’t an eligible assessee u/s 144C
Tenet Tax Daily April 03 2019
No coercive action against payee if payer failed to deposit TDS collection with Govt.: HC
Tenet Tax Daily April 02 2019
Delay in depositing tax under IDS, 2016 couldn’t be condoned on account of personal reasons
Tenet Tax Daily April 01 2019
No additions on account of unexplained purchases if entries in trading account found to be correct
Tenet Tax Daily March 30 2019
AO couldn’t invoke addition under sec. 41(1) if advance written off was reflected as ‘Fixed Assets’: ITAT
Tenet Tax Daily March 29 2019
Services received by ONGC from Dutch Co. not FTS in absence of transmitting of any technical knowledge
Tenet Tax Daily March 28 2019
HC justified in denial of sec. 54B relief by ITAT relying on spot inquiry report of income-tax inspector
Tenet Tax Daily March 27 2019