Tenet Tax Daily January 09 2018
Reassessment justified as foreign co. failed to give segregated details of its receipts from outside & inside India
HC directs Appellate Authorities to not to go into question of validity of search till pendency of SC decision
Tenet Tax Daily January 08 2018
AO couldn’t ask assessee to furnish ‘source of source’ to assess income under sec. 68: HC
Tenet Tax Daily January 06 2018
Hiring – Retail e commerce manager
JD- Retail Ecommerce Manager _2_
Hiring – Data Analyst
JD- Data Analyst
Sec. 69 addition was justified if sale deed showed that assessee paid cash consideration to purchase property
Tenet Tax Daily December 30 2017
Voluntary disclosure of income in subsequent year won’t absolve assessee from liability to pay penalty
Tenet Tax Daily January 03 2018
No penalty if assessee failed to submit TP documents due to pendency of its application of shifting its head office
Tenet Tax Daily January 02 2018
ITAT set-aside penalty order as assessee was asked to furnish voluminous info within short period of 4 days
Tenet Tax Daily January 01 2018
Society imparting education in systematic manner in field of nursing is entitled to sec. 12AA registration
Tenet Tax Daily December 29 2017
Mumbai ITAT directs AO to follow Sony Ericsson’s case for benchmarking of AMP expenditure
Tenet Tax Daily December 28 2017
Weighted deduction u/s 35(2AB) wasn’t available unless R&D facility was approved by competent authority
Tenet Tax Daily December 27 2017
Issue once sealed by ITAT after due analysis can’t be raised again by assessee under guise of rectification: HC
Tenet Tax Daily December 26 2017
No penalty if assessee got TP study done by an outside expert
Tenet Tax Daily December 25 2017
No penalty just because assessee withdrew rebate claim during assessment which it had claimed inadvertently
Tenet Tax Daily December 23 2017
Compensation received from ‘Coca Cola’ for breaching contract for bottling soft drinks was capital receipt: HC
Tenet Tax Daily December 22 2017
ITAT slams AO for reopening of assessment as alleged non-disclosures were duly reported in Form No. 3CEB
Tenet Tax Daily December 21 2017
Income from offshore supplies couldn’t be taxed in India in the absence of ‘business connection’
Tenet Tax Daily December 20 2017