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Archive: 19 March 2021

Posts in 19 March 2021

Handbook on Ethics for Insolvency Professional

March 19, 2021 2028 Views 0 comment Print

IBBIa has brought out this ‘Handbook on Ethics’, to stimulate the highest standards of ethics and professionalism among the IPs, together with British High Commission, who facilitated in obtaining inputs on the best practices followed by Insolvency Practitioners in UK.

Addition for Share Capital & Premium: ITAT remands back case to CIT(A) for taking proper cognizance of evidence

March 19, 2021 705 Views 0 comment Print

ITO Vs Direct Mercantile Company Pvt. Ltd. (ITAT New Delhi) Issue- Ld. Commissioner of Income Tax (Appeal) erred in law and on facts of the case in deleting the addition of Rs. 3,14,16,000/- made by the A.O on account of unexplained share capital & share premium and Rs. 2,10,00,000/- on account of unexplained investment Submission […]

TDS not deductible on Fee to Offshore CA Firm having no PE in India for return filing services

March 19, 2021 2637 Views 0 comment Print

Sundaram Business Services Limited Vs ITO (ITAT Chennai) As regards professional charges paid to M/s. TWB Pty Ltd., a company of Chartered Accounts, although payment made to said company is not covered under Article 14, but said payment is covered under Article 7 of DTAA between India and USA because the business profits of an […]

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