Editor's Pick

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

ITAT: Allows Sec10(23FB) exemption on VCF’s income; Rejects SEBI regulation violation plea

ITAT grants exemption u/s 10(23FB) (which exempts income of a Venture Capital Fund (‘VCF’))  to assessee (a SEBI

Feb 12,2016

IT Department reiterates online validation of Sec 197 lower-TDS certificate to minimize discrepancy

IT Department issues advisory to deductors while deducting TDS at lower rate in view of Sec 197 certificates;

Jan 04,2016

ITAT: Denies HO-expenses deduction, differs from Abu-Dhabi ruling; Sumitomo-SB doesn't 'impliedly overrule' Mashreq-1

ITAT denies deduction to Mashreq Bank PSC (assessee, a UAE based bank) for head office (‘HO’) expenses allocated

Feb 06,2016

Tax bar effusive in praise for ITAT as Platinum Jubilee Celebrations commence

Tax bar effusive in praise for ITAT as Platinum Jubilee Celebrations commence

Jan 25,2016