Editor's Pick

ITAT: Upholds Sec.14A disallowance; No specific format prescribed for recording AO's satisfaction

Bangalore ITAT upholds expense disallowance u/s. 14A, however, directs that business income increased by the amount of disallowance,

Jun 12,2017

CBDT: Notifies operating rules for TDS on rent payment exceeding Rs. 50k by individuals / HUFs

CBDT notifies operating rules and forms with respect to Sec. 194IB (inserted by Finance Act, 2017)  to provide

Jun 12,2017

Tax World abuzz with OECD's historic MLI signing

 Tax World abuzz with OECD's historic MLI signing

Jun 08,2017

ITAT: Disallows MTM loss on forex forward contract cover, distinguishes Woodward Governor ruling

Delhi ITAT disallows assessee’s claim for deduction on account of marked to market (MTM) losses on foreign exchange

Jun 05,2017

ITAT: Upholds royalty taxation, terms Standard Operating Procedures as information concerning scientific experience

Ahmedabad ITAT holds assessee-company in default u/s 201 for non-deduction of TDS u/s. 195 on payment to a

Jun 02,2017

HC: Expansively interprets Sec. 132(1), allows third-party bank a/c attachment; Fumes over false affidavit

Delhi HC upholds IT Department's action u/s 132(1) of the Income Tax Act directing the bank to attach

May 30,2017

Tax World reacts to Cabinet approval on signing of MLI

Tax World reacts to Cabinet approval on signing of MLI

May 17,2017

HC: Upholds FTC for ‘tax payable’ on Omani dividend, despite exempt in Oman

Delhi HC upholds ITAT order allowing foreign tax credit (‘FTC’) to assessee (a co-operative society registered in

Apr 25,2017

ITAT: Revenue to examine FTC allowability against MAT, cautions on MAT-credit double benefit

Ahmedabad ITAT directs Revenue to consider assessee-company’s foreign tax credit (FTC) claim for AYs 2008-09 and 2009-10 on taxes withholding in

Apr 25,2017