Tenet Tax Daily December 19 2017
Sum received by NR from marketing & distribution of its TV channel rights by an Indian co. wasn’t taxable in India
Burden of proof lay on Co. if it was found as one of beneficiaries of alleged racket of accommodation entries
Tenet Tax Daily December 18 2017
Income earned by US co. on sale of off-the-shelf software in India isn’t taxable in absence of its PE: ITAT
Tenet Tax Daily December 16 2017
‘Transaction Charges’ paid by broker towards facilities provided by stock exchange are not liable for TDS: ITAT
Tenet Tax Daily December 15 2017
Sub-licensing of right to use patented technology without its extinguishment was assessable as business income
Tenet Tax Daily December 14 2017
Reimbursement of actual cost by ‘KPMG’ to group concern with no income element didn’t require TDS
Tenet Tax Daily December 13 2017
HC rejected application for condonation of delay as claim raised in revised return was a debatable issue
Tenet Tax Daily December 12 2017
Co. informing about shifting of registered office not to be treated as request for transfer of assessment proceedings
Tenet Tax Daily December 11 2017
Incidental income by way of interest on bank deposit was entitled to exemption under section 10A/10B
Tenet Tax Daily December 09 2017
No additions if it was assessee’s business decision to share employee cost with sister concerns on cost-to-cost basis
Tenet Tax Daily December 08 2017
No TDS if sum paid to foreign co. was reimbursement of expenses with no income element: Mumbai ITAT
Tenet Tax Daily December 07 2017
Sec. 36(1)(iii) disallowance was valid if Co. didn’t have sufficient funds to give advances to its sister concern
Tenet Tax Daily December 06 2017
Interconnect usage charges paid by ‘BSNL’ to foreign telecom operators were neither FTS nor Royalty
Tenet Tax Daily December 05 2017
ITAT allowed additional dep. on “visicooler” installed by cold drink manufacturer at distributor’s place
Tenet Tax Daily December 04 2017
Section 153C proceedings couldn’t be invoked in absence of incriminating materials recorded in satisfaction note
Tenet Tax Daily December 02 2017
Profit from sale of shares was taxable as capital gains if purchase was made with intention of investments
Tenet Tax Daily December 01 2017
No stay of demand just because Google intends to appeal in HC against order of ITAT: Bengaluru ITAT
Tenet Tax Daily November 30 2017
Deductor was liable to pay interest on TDS default even if he wasn’t an assessee-in-default as per sec. 201(1)
Tenet Tax Daily November 29 2017