News

US Senate passes historic tax reform bill , paves way for tax code overhaul

USA Senate, on a 51-49 party line vote passes tax reform bill authored by Republican Senators ; Bill passed in

Dec 02,2017

SC : Affirms Delhi HC ruling in Modipon, balance in PLA account deductible u/s 43B

SC affirms Delhi HC ruling in Modipon Ltd case; HC had held that balance in Personal Ledger Account (PLA) is

Nov 24,2017

Intelligent model predicting TDS rate from invoices/purchase orders wins EY Hackathon

Intelligent model predicting TDS rate from invoices/purchase orders wins EY Hackathon

Nov 16,2017

Union Cabinet approves DTAA with Hong Kong

Union Cabinet approves entering into an Agreement between India and the Hong Kong Special Administrative Region (‘HKSAR’) of China for the

Nov 10,2017

Delhi HC upholds constitutional validity of ICDS, but strikes down certain provisions

Delhi HC upholds constitutional validity of ICDS, rules that the same, in terms Section 145(2) of Income tax Act is

Nov 08,2017

SC : Rules against assessees on taxation of mobilisation fees for oil rigs u/s 44BB

SC rules against the assessees in a batch of 50 appeals on taxation of mobilisation/ demobilisation fees for oil rigs

Oct 30,2017

Inclusive Framework regional meeting at the Slovak Republic discusses BEPS implementation

Ministry of Finance of the Slovak Republic in co-operation with the OECD and the Intra-European Organisation of Tax Administrations (‘IOTA’)  hosts

Oct 24,2017

ITAT : Adwords payments by Google India to Google Ireland taxable as royalty

Bangalore ITAT holds that payment by Google India to Google Ireland towards Google Adwords programme is taxable as royalty; ITAT

Oct 24,2017

SC: Dismisses Revenue’s appeal against Delhi HC ruling in E-funds on PE constitution

SC dismisses Revenue’s appeal against Delhi HC ruling in E-Funds IT Solutions Inc. (a US based group); HC had reversed

Oct 24,2017

Ahmedabad ITAT’s trailblazing go-green initiative aims at 'paperless' court

Ahmedabad ITAT initiates series of steps on an experimental basis with immediate effect, as part of its go-green initiative, invites suggestions and

Oct 18,2017

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