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Rulings

May 18,2018  

SC reverses HC's conclusion, allows assessee's claim for area-specific deduction u/s 80-IC in respect of its industrial undertaking located at Himachal Pradesh, rejects Revenue's claim that tax-holiday eligibility period of

Jun 20,2018  

Calcutta HC sets aside ITAT order for AY 1983-84, allows Brooke Bond India’s investment allowance claim u/s. 32A on weighing machines, electrical equipments, other machineries and computers; Rejects Revenue’s stand that

Jun 23,2018  

Ahmedabad ITAT rules that mere non-furnishing of Tax Residency Certificate (‘TRC’) cannot per se be treated as a trigger to disentitle the treaty benefits; During relevant AYs 2013-14 and 2014-15, assessee-company paid  installation

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Taxsutra BEPS Tracker : OECD releases new guidance on transactional profit-split method & HTV intangibles

OECD releases new guidance on the application of the approach to hard-to-value intangibles and the transactional profit split method under BEPS

Jun 22,2018

CBDT: Assures prompt investigation in fresh series of cases pertaining to ‘Panama Papers’

CBDT apprises that “fresh release made in the media today under ‘Panama Paper Leaks’ is being promptly looked into by the

Jun 21,2018

HC - Directs considering Dr. Prathap Reddy’s Settlement application despite non-fulfilment of tax payment condition

Madras HC allows assessee’s (Dr. Prathap Reddy, Chairman of Apollo Hospitals) writ, directs Income-tax Settlement Commission (‘ITSC’) to permit assessee to make

Jun 20,2018

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Litigation Tracker

May 28,2018  

Calcutta HC admits Revenue’s appeal on two substantial questions of law in case of The Royal Bank of Scotland N.V

May 24,2018  

Delhi HC admits cross appeals filed by NDTV & Income tax Department, frames substantial questions of law & lists the

May 22,2018  

SC admits assessee’s SLP against Delhi HC judgment directing attachment of assessee’s bank accounts pursuant to search carried on in

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