Editor's Pick

Rare India-China MAP concluded, CBDT holds out hope for more

India and China conclude Mutual Agreement Procedure (MAP) for a Government of China undertaking involving taxation of offshore equipment

Feb 18,2016

ITAT: Right of first-refusal in future business initiatives not IPR, rejects royalty re-characterization

Payment by assessee-company to its Managing Director cum promoter (‘MD’) for granting right of first refusal to assessee

Mar 02,2016

HC: Quashes Oracle’s reassessment taxing royalty -income invoking 'force of attraction rule'; Follows coordinate-bench

Delhi HC follows coordinate bench ruling  for AY 2001-02 and quashes reassessment for AY 2005-06 initiated after 4

Feb 26,2016

HC: Deeming fiction u/s 50 cannot restrict short-term capital gain set-off against long-term loss

Bombay HC dismisses Revenue’s appeal, holds that assessee was entitled  to set-off deemed short term capital gains (‘STCG’)

Feb 24,2016

DIT(Systems) enhances Sec 197 certificate functionality to enable online issue of certificates u/s 195(2)&(3)

DIT (Systems) enhances functionality of issuing online certificates u/s 197 to enable online issue of certificate u/s 195(2)

Feb 09,2016

FM Arun Jaitley among 4 Indians in ITR's Global Tax 50

Ms. Margrethe Vestager (European Competition Commissioner) tops the list of International Tax Review’s ('ITR') Global Tax 50, followed by OECD

Feb 11,2016

ITAT: Importing compliance requirement with ‘post-facto’ RBI procedure to deny Sec 10A exemption “unwarranted”

Hyderabad ITAT grants Sec 10A exemption to  assessee (engaged in provision of IT and IT enabled services) for

Feb 19,2016

ITAT: Buy-back payment to Mauritian entity not dividend, but exempt capital-gain; TDS inapplicable

Mumbai ITAT holds that amount remitted by assessee to its 100% Mauritian holding company during AY 2011-12 under share buy-back

Feb 15,2016

Delhi HC: Upholds Woman's right to be HUF's ' Karta' ;No bar in Hindu Succession Act

Delhi HC holds the eldest daughter of HUF qualify as ‘Karta’, dismisses challenge that only male member can be

Feb 01,2016

Bombay HC : Expresses anguish over "Corruption Miasma", warns taxpayers may resort to tax non-payment

Bombay HC (Nagpur Bench) denies anticipatory bail in a case pertaining to Misappropriation and embezzlement of Rs. 385 crores in

Feb 05,2016