Tenet Tax Daily April 03 2018
AO to pass draft assessment order before passing a final one in pursuance of Sec. 144C: ITAT
Private University engaged in imparting education is eligible for Sec. 12AA registration: ITAT
Tenet Tax Daily April 02 2018
Membership fees paid to stock exchange is capital in nature: HC
Tenet Tax Daily March 31 2018
Assessee couldn’t be treated as an assessee-in-default if it rectified TDS defects during appellate proceedings
Tenet Tax Daily March 30 2018
No Sec. 69A additions if copy of sale of land agreement produced by assessee wasn’t rebutted by Dept.
Tenet Tax Daily March 29 2018
Residential house purchased abroad was entitled to Sec. 54F relief prior to amendment made by Finance Act, 2014
Tenet Tax Daily March 28 2018
HC allows deduction of lease rent paid on shed rented out due to delay in start of business
Tenet Tax Daily March 27 2018
Sec. 54 relief couldn’t be denied merely because assessee failed to obtain possession of new house property
Tenet Tax Daily March 24 2018
HC allows deduction of lease rent paid on shed rented out due to delay in start of business
Tenet Tax Daily March 26 2018
No reassessment on basis of mere change of opinion by AO to disallow carry forward of deficit of trust
Tenet Tax Daily March 23 2018
FBT not to be added back in book profit for computation of MAT: ITAT
Tenet Tax Daily March 22 2018
Yearly commission paid by Co. to its agents not doubted by revenue was to be allowed as deduction: Delhi HC
Tenet Tax Daily March 21 2018
HC allowed provision made for interest on overdue deposits as liabilities crystallized in current yr
Tenet Tax Daily March 20 2018
Provisions of Sec. 194C couldn’t be triggered in absence of any contract to get work done
Tenet Tax Daily March 19 2018
Section 206AA – levy of tax on outward remittances in hands of payer would be as dictated by provisions of treaty and not under section 206AA
Tenet Tax Daily March 17 2018
No DTAA benefit to Mauritian Co. on Cap gains if it had merely lent its name for making investments
Tenet Tax Daily March 16 2018
Disallowance made erroneously in ITR owing to non-deduction of TDS could be raised before ITAT for first time
Tenet Tax Daily March 15 2018
No sec. 35 deduction if separate books of a/c weren’t maintained for research & development activities
Tenet Tax Daily March 14 2018