Tenet Tax Daily April 15 2015
NR rendering support services to Indian affiliate via seconded employees constituted its service PE in India
AMP exp. incurred on brand promotion of foreign AE would attract TP provisions
Tenet Tax Daily April 14 2015
Capital gain accrues on relinquishment of rights in land to developer to get constructed area
Tenet Tax Daily April 13 2015
Case restored to AO as additional evidence filed before ITAT was relevant to decide allowability of impugned exp.
Tenet Tax Daily April 11 2015
Date of allotment of land would be its date of acquisition and not the date of sale deed to compute capital gains
Tenet Tax Daily April 10 2015
Sec. 234C interest to be computed considering date of presentation of cheque of tax payments & not its clearing date
Tenet Tax Daily April 09 2015
Allotment of flats under self financing scheme of DDA has to be deemed as construction of house for sec. 54F relief
Tenet Tax Daily April 08 2015
Sum paid on testing of ultrasonic meter wasn’t FTS as it didn’t satisfy make available clause of India-USA DTAA
Tenet Tax Daily April 07 2015
Co. outsourcing major portion of its business to third party couldn’t be taken as comparable for ITES provider
Tenet Tax Daily April 06 2015
Even prior to 2013 India-UK protocol benefit of DTAA was allowed to fiscally transparent firm established in UK
Tenet Tax Daily April 04 2015
Sum paid to NR for support services utilized in overseas contract isn’t liable to TDS
Tenet Tax Daily April 03 2015
Cost of production of abandoned TV serial was allowable as business exp. to its producer
Tenet Tax Daily April 02 2015
Sec. 54: Booking of unconstructed flat in housing project to be deemed as investment for construction of house
Tenet Tax Daily April 01 2015
No reassessment after 4 years to disallow sums paid to NR if assessee had already disclosed all material facts
Tenet Tax Daily March 31 2015
ALP of advertisement exp. reimbursed to foreign AE couldn’t be taken at nil if it was incurred for Indian affiliate
Tenet Tax Daily March 30 2015
Security deposit received from lessee isn’t deductible as ‘debt owed’ for computation of net wealth
Tenet Tax Daily March 28 2015
Assessment order was invalid as it was issued on basis of time barred notice under sec. 143(2)
Tenet Tax Daily March 27 2015