Tenet Tax Daily April 12 2016
ITAT directs AO to examine agreement with foreign agents before disallowing commission paid to them
Salary of NR for rendering service in US won’t be taxed in India as per DTAA even if salary was received in India
Tenet Tax Daily April 11 2016
An order already revised under sec. 264 couldn’t be subsequently revised by invoking sec. 263
Tenet Tax Daily April 09 2016
Sum paid for right to use software is deemed as ‘royalty’ and not sum paid for purchase of software
Tenet Tax Daily April 08 2016
‘Fortis’ was liable to deduct TDS under sec. 194J on sum paid to doctors engaged on retainership basis
Tenet Tax Daily April 07 2016
No reassessment merely on basis of adverse remarks made by CIT(A) while disposing of an appeal for subsequent AY
Tenet Tax Daily April 06 2016
HC directs tribunal to admit appeal, even though appeal memos weren’t signed by the competent person
Tenet Tax Daily April 05 2016
No recovery from assessee where tax has been deducted but not deposited by deductor, CBDT reaffirms
Tenet News Flash – April 04 2016
ITAT allows tax credit for dividend tax foregone by Oman to promote economic developments
Tenet Tax Daily April 02 2016
Provision allowing trust to either claim depreciation or cost of asset is applicable prospectively
Tenet Tax Daily April 01 2016
TPO had to consider revised Form 3CEB, filed after one year from end of AY, if it includes proper comparable
Tenet Tax Daily March 31 2016
‘Liaison Office’ of ‘Kawasaki’ didn’t constitute its PE in India as it wasn’t involved in core business activity
Tenet Tax Daily March 30 2016
Comparable selected by assessee couldn’t be rejected without carrying out its functional comparability
Tenet Tax Daily March 29 2016
Disclosure of income in notes to accounts instead of P&L A/C won’t be deemed as furnishing of inaccurate particulars
Tenet Tax Daily March 28 2016
Sum paid on encroachment of extra space on leased land couldn’t be said to be an offence; allowable as business exp.
Tenet Tax Daily March 26 2016
A Co. mainly outsourcing its work couldn’t be compared to a Co. rendering IT enabled services
Tenet Tax Daily March 25 2016
Public issue exp. disallowed by HC as amount raised through such issue wasn’t spent for capital expansion
Tenet Tax Daily March 24 2016
Waiver of interest could be denied on basis of CBDT’s order without considering previously issue notification
Tenet Tax Daily March 23 2016