Editor's Pick

ITAT: Disallowance u/s 14A on net interest expense and not gross interest  

Sec 14A disallowance to be calculated on net interest as per P&L account and to be calculated based on average

Apr 14,2011

HC: Delhi HC Full bench rules on house property income in case of Interest-free deposit

Notional interest on interest-free security deposit received from tenant not to be added in determining fair rental value of house

Apr 01,2011

AAR: AAR re-affirms Azadi Bachao ratio in Quipp​o deal

Mauritius entity with tax residency certificate entitled to capital gains exemption under India - Mauritius DTAA: AAR

Mar 30,2011

HC: HC upholds Kolkata ITAT ruling in R.P.G. on explanation to sec 73

Loss from delivery based share transactions deemed as speculation loss; Legal fiction under explanation to Sec 73 applied: Calcutta HC

Mar 18,2011

SC: Non-Compete fees received pre 2002 not chargeable to tax

Non-Compete fees received prior to FY 2002- 03 a capital receipt, not chargeable to tax: SC

Mar 16,2011

HC: Calcutta HC overrules ITAT SB in case of ABN AMRO BANK, N.V.

Interest payment to HO of foreign bank tax deductible for PE and no TDS required on interest payment to HO:

Mar 15,2011

SC: SC - Parliament can legislate laws that have extra-territorial application subject to conditions

The Supreme Court held that "Parliament may exercise its legislative powers with respect to extra-territorial aspects or causes only when

Mar 02,2011