CORPORATE AND PROFESSIONAL UPDATE MAY 30, 2016
Today updates: DIRECT TAX: No Addition u/s 68 if identity, creditworthiness & genuineness established[DCIT Vs. M/s Overseas Infrastructure Alliance (I) Pvt. Ltd. (ITAT MUMBAI)]. Wheeling charges and transmission charges are neither contractual payments nor fee for technical services u/s. 194C or 194J – No TDS required – ITAT Kolkata in case of [DCIT Vs. West …