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Rulings

Jul 18,2016  

SC dismisses assessee company’s SLP against Delhi HC judgement; HC had disallowed provision for loss on transit-breakages made by assessee (engaged in manufacture & sale of liquor) in absence of

Jul 20,2016  

Bombay HC allows deduction (for period prior to enactment of Sec. 43B) towards excess of sales price collected by assessee (a drug manufacturer) over the price fixed by the Drug Price

Jul 22,2016  

Mumbai ITAT upholds deemed dividend addition u/s 2(22)(e) in the hands of assessee-shareholder for AY 2011-12 in respect of loan given by closely-held companies to a concern in which assessee

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OECD recommends Governments to use tax systems to drive inclusive growth agenda

OECD recommends Governments to use tax policy to drive forward inclusive growth agenda in its working paper on Tax Design for Inclusive

Jul 21,2016

Harish Salve unloads on destructive tax laws, burgeoning litigation; Praises GST, BEPS & more…

Harish Salve unloads on destructive tax laws, burgeoning litigation, GST, BEPS & more…Click here to watch Mr. Harish Salve’s exclusive, enthralling

Jul 21,2016

CBDT extends time-limit for IDS tax payment; Final instalment by Sept 2017

Acting on stakeholder concerns over 'short' period of time to make tax payments on IDS disclosure, Government relaxes Nov. 30 deadline

Jul 14,2016

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Litigation Tracker

Jul 18,2016  

SC admits Revenue’s SLP challenging Bombay HC ruling in the case B4U International Holdings Limited (a Mauritian company) for AY

Jul 13,2016  

SC admits Revenue’s SLP challenging Uttarakhand HC ruling in the case Pride Foramer (French Company) for AY 1988-89; Upholding ITAT order, HC

Jul 01,2016  

SC admits Revenue's SLP against Karnataka HC decision in the case of Wipro Ltd. (assessee) after condonation of delay; Karnataka HC in a detailed

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