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Sunday | 19 May 2013

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Developer entitled to sec. 80-IB relief for construction of housing project even if on behalf of someone else
Time-limit for refund of ST to be determined from the date of filing of refund claim
Belated appeal can’t be rejected without considering reasons behind such delay
Guideline value to be opted for sec. 50C if DVO's valuation report isn't available at assessment stage
Margins of trading segment can’t be applied to indenting segment; no re-characterisation unless facts justify
Capital gain from sale of property held in name of partner in all phases will be taxable in his hands only
Sale on behalf of AE couldn’t be treated as sale by assessee if it wasn’t routed through its books
Assessee gets immunity from penalty on its failure to get accounts audited as cap gain treated as business profit
CBDT issues FAQs and Guidance on ‘Advance Pricing Agreement’
Speed post isn't valid mode of service as law requires registered post with acknowledgement due
No TP adjustment required if assessee’s operating margin is within tolerable range of 5%, says ITAT
‘Ambiguous language in Bill can't be compared with Act rectifying it; SB ruling in Merilyn Shipping's case not acceptable’
Subsidy includible in value of services only if it is granted for specified services
Taxation of e-commerce transactions - A Singapore tax guide
Singapore tax guide on e-commerce transactions
Cos with multiple segments to be examined on segmental level if they have complete comparable segment
Capital gain invested within extended period for filing of return is also eligible for Sec. 54F deductions

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Developer entitled to sec. 80-IB relief for construction of housing project even if on behalf of someone else

18-05-2013

IT : Where assessee claimed deduction under section 80-IB(10) on development of a housing project, it was entitled to get deduction though it did not own...

Guideline value to be opted for sec. 50C if DVO's valuation report isn't available at assessment stage

18-05-2013

IT: Where sale consideration stated by assessee was lower than guideline value and valuation report of DVO was not available at time of assessment,...

Capital gain from sale of property held in name of partner in all phases will be taxable in his hands only

18-05-2013

IT: Where registered deed showed that property was purchased, held and sold by a partner of assessee-firm as sole owner of property, capital gains arising...

Assessee gets immunity from penalty on its failure to get accounts audited as cap gain treated as business profit

CBDT issues FAQs and Guidance on ‘Advance Pricing Agreement’

No TP adjustment required if assessee’s operating margin is within tolerable range of 5%, says ITAT

‘Ambiguous language in Bill can't be compared with Act rectifying it; SB ruling in Merilyn Shipping's case not...

Taxation of e-commerce transactions - A Singapore tax guide

Cos with multiple segments to be examined on segmental level if they have complete comparable segment

Capital gain invested within extended period for filing of return is also eligible for Sec. 54F deductions

On both parties appeal, Karnataka HC set aside ITAT’s order remanding matter to AO, and restored matter to ITAT

18-05-2013

IT : Where Tribunal, on second appeal filed by assessee, remanded matter to Assessing Officer for re-examination and both parties submitted before High...

Margins of trading segment can’t be applied to indenting segment; no re-characterisation unless facts justify

18-05-2013

IT : TPO cannot re-characterize assessee's indenting (service ) activity as trading activity unless it can be demonstrated by facts on record that the...