Editor's Pick

ITAT: Holds Star India as an independent agent, not PE for Dutch counterpart

Mumbai ITAT holds that assessee’s (a Dutch company and part of STAR group) Indian group company [STAR India Pvt Ltd.(‘SIPL’)]

Aug 21,2017

HC: Quashes reassessment on UAE-resident; Requirement to furnish TRC applicable post 2012

Goa bench of Bombay HC allows assessee-individual’s (a tax resident of UAE) writ for AY 2005-06, quashes re-assessment

Aug 18,2017

ITAT announces composition of newly constituted Surat bench

ITAT President orders transfer of Shri Chandra Mohan Garg, Judicial Member, ITAT, Indore Bench and Shri Om Prakash Meena, Accountant

Aug 16,2017

CBDT issues FAQs for computing book-profits under MAT for Ind-AS compliant companies

CBDT issues circular containing 14 FAQs with respect to significant issues arising from the implementation of Minimum Alternate Tax (MAT)

Jul 25,2017

HC: Sets-aside ITAT order, denies capital gains exemption upon proprietorship succession by company

Kerala HC sets-aside ITAT’s order and restores CIT’s Sec. 263 order, denies capital-gains exemption benefit u/s. 47(xiv) upon

Jun 22,2017

ITAT: No loss set-off denial for ‘belated’ e-return, when return also filed ‘manually’ within due-date

Mumbai ITAT allows assessee’s claim of carry forward and set-off of business losses and unabsorbed depreciations for AY

Jun 20,2017

CBDT:Clarifies on seized-cash adjustment, trade-advance taxability u/s. 2(22)(e), TDS applicability on airline’s PSF payment

CBDT clarifies that Explanation 2 to Sec. 132B (debarring adjustment of seized cash against advance tax liability) is prospective  in nature, accepts the

Jun 12,2017

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