Tenet Tax Daily February 05 2020
Refund payable to assessee cannot be withheld on ground of technical difficulty of system
Interest on loans taken for acquiring controlling interest in a company is an allowable expenditure
Tenet Tax Daily February 04 2020
Assessee becoming resident as per FEMA not entitled to exemption under section 10(4)
Tenet Tax Daily February 03 2020
Budget Highlights – 2020
Tenet News Flash – Budget 2020 – Feb 01, 2020
Loans given by assessee to its AE to be determined on basis of rate of interest being charged in country where loan was received/consumed
Tenet Tax Daily February 01 2020
Foreign AE cannot be regarded as tested party for ALP determination of transactions between assessee and its AE
Tenet Tax Daily January 31 2020
Additions deleted upon examination of facts in support of credit in bank a/c – ITAT
Tenet Tax Daily January 30 2020
LIBOR to be adopted while computing ALP
Tenet Tax Daily January 29 2020
Data management services provider comparable to investment advisory services provider
Tenet Tax Daily January 28 2020
Based on FAR analysis where it is determined that foreign AE is a non-complex entity, it could be taken as tested party for benchmarking purposes
Tenet Tax Daily January 27 2020
CUP method not applicable where assessee made purchases from AEs and non-AEs with huge difference in quantities and price
Tenet Tax Daily January 25 2020
Mere issuance of a show-cause notice cannot be equated and treated as a draft assessment order as same would make provisions of section 144C redundant
Tenet Tax Daily January 24 2020
Only international transactions entered by assessee with its AE can be subjected to adjustment
Tenet Tax Daily January 23 2020
Where HC stayed the final assessment order, continuation of reassessment proceedings held valid
Tenet Tax Daily January 22 2020
Order passed by AO without following DRP directions held null and void and hence was to be quashed
Tenet Tax Daily January 21 2020
Payment to assessee providing services under management support agreement held as reimbursement of cost and not royalty following earlier assessment orders
Tenet Tax Daily January 20 2020