Editor's Pick

ITAT: SEBI approved VC fund eligible for tax exemption

SEBI approved VC fund eligible for tax exemption u/s 10(23FB); AO not required to examine compliance with SEBI regulations during

May 30,2011

AAR: Bill discounting income not taxable as ' interest '

Bill discounting income to US Company not taxable as ' interest ' under Act and India - US treaty, Bill

May 25,2011

ITAT: Non compete fees held as 'capital expenditure'

Non-compete fees paid in the course of ‘business acquisition’ is ‘capital expenditure’- 

May 25,2011

ITAT: Loan restructuring fees paid to bank a deductible revenue expense

Loan restructuring fees paid to bank covered as “interest”; deductible as revenue expense

May 24,2011

HC: Import prices paid by Samsung India not 'excessive'

No disallowance u/s 40A(2)(b) on raw material imports from Samsung Korea; Customs valuation considered: Delhi High Court

May 20,2011

ITAT: Data center payments not taxable in India as “royalty”

Payment for processing at data center not taxable as “royalty” under India - Singapore treaty

May 16,2011

HC: Deemed dividend not taxable if loan recipient is not shareholder in lender company

Deemed dividend u/s 2(22)(e) not taxable if entity receiving loan is not 'shareholder' of lender company : Delhi HC 

May 16,2011

ITAT: Sec 50C not attracted on transfer of ‘lease right’ in land

Sec 50C not attracted on transfer of ‘lease right’ in land

May 13,2011

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