News

ELP announces 2018-19 promotions; 5 elevated as Partners / Directors, 15 as Associate Partners

Economic Laws Practice (ELP), one of the leading full-service law firms, elevates 5 Associate Partners to Partner / Director level;

May 07,2018

HC: Tribunal must hear taxpayer before allowing Revenue's ‘early hearing’ application

Delhi HC rules in favour of NDTV promoter Prannoy Roy (assessee), holds that order granting early hearing to Department is

May 04,2018

Dhruva Advisors repeats success at ITR Awards; Deloitte, Infosys other winners

Dhruva Advisors wins International Tax Review's India Tax Firm of the Year award, announced a little while ago in Singapore; Dhruva wins

May 03,2018

NCLT : Permits Ultratech's revised bid for Binani Cements; Questions RP's 'competence', conflict of interest

NCLT Kolkata directs Resolution Professional (‘RP’) & Committee of Creditors (‘CoC’) to consider Ultratech Cement's revised bid for Binani Cements

May 03,2018

Delhi District Court - Assessment proceedings not prerequisite for launching prosecution for blatant denial of BVI Investment

Delhi District Court dismisses Revision Petition challenging the order framing charge against the assessee for commissioning of offences u/s 277

Apr 27,2018

ITAT : Rejects Revenue's re-characterization of Flipkart's hefty discounts as 'monopoly' building capital expense

Bangalore ITAT allows Flipkart‘s appeal against disallowance of product discounts by tax officer; Revenue had held that massive discounts provided

Apr 25,2018

SC : Rules in assessee's favour, rejects Revenue attempt to tax loan waiver u/s 41(1)/28(iv)

SC dismisses Revenue's appeals in a batch of 22 cases, upholds Bombay  High Court decision in Mahindra & Mahindra and

Apr 24,2018

SC - Big Sec. 10A win for taxpayers; 'Export turnover' exclusions are deductible from 'total turnover'

SC dismisses Revenue's appeals in a batch of over 100 cases against various High Court decisions including in HCL Technologies,

Apr 24,2018

SC : Dismisses Revenue's appeal; Sec 80IA benefit available on Inland Container Depot income

SC dismisses Revenue's appeal, upholds Delhi HC decision in Container Corporation of India; Delhi HC had allowed deduction u/s 80IA(4) 

Apr 24,2018

Taxsutra Eye Share : Angel tax relief - The points to ponder over

Taxsutra Eye Share : Angel tax relief - The points to ponder over

Apr 20,2018

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