Editor's Pick

ITAT: Equipment AMC services rendered outside India not FTS, NR-payments not taxable

Delhi ITAT dismisses Revenue’s appeal for AY 2004-05, payment to an Israel based company by assessee (an Indian

Aug 24,2016

ITAT: ‘Offshore supplies’ not taxable, FOB/FCA delivery terms evidence title passed ‘outside India’

Delhi ITAT rules that contract revenue arising to assessee (a US company engaged in manufacture and sale of equipment used

Aug 24,2016

ITAT: Allows Sec 10B deduction to law firm exporting legal services using ‘database’

Mumbai ITAT grants Sec 10B deduction-benefit for AYs 2004-05 to 2009-10 to assessee, a firm of Advocate & Solicitors (registered

Aug 23,2016

CBDT announces transfers/postings of CITs

CBDT announces local/inter-city transfers/postings in the grade of CIT;

Jul 21,2016

ITAT: Voluntary CSR-expenses deductible for AY 2008-09; Expl 2 to Sec. 37(1) not retrospective.


Raipur ITAT grants Sec. 37(1) deduction to voluntary expenses incurred by assessee towards corporate social responsibility

Jul 04,2016

ITAT: Holds Sec 40(a)(ia) second proviso retrospective; Follows favourable Delhi-HC ruling over Kerala HC

Raipur ITAT deletes expense disallowance u/s 40(a)(ia) for AY 2010-11 allowing  retrospective benefit of second proviso to Sec 40(a)(ia)

Jul 04,2016

ITAT: Pre-schooling an integral part of education ; Grants Sec.12A registration to assessee-trust

ITAT grants registration to assessee (an educational trust) u/s 12A, holds that pre-schooling is an integral part of the

Jul 01,2016

Multilateral-Instrument to have arbitration provision, toolkits for developing countries work-in-progress, updates OECD

OECD’s recent Tax Talks  saw active deliberations on implementation of BEPS Project,

Jun 27,2016

ITAT: Allows business loss set-off against deemed income u/s 68; Amended Sec 115BBE prospective

Agra ITAT upholds AO's action of taxing such income u/s 68, but observes that such income shall be assessable as

Jun 14,2016