1,383 results found

To bring parity in the tax treatments for the Organisation for Economic Cooperation ad Development (OECD) member nations, the concept of Most Favoured Nation (MFN)...

The CBDT, earlier through Circular No. 03/2023 dated 28/03/2023 specified the consequences of PAN becoming inoperative as per Rule 114AAA of the Income Tax Rules, 1962.

The existing functions of CBEC will be re-organised to implement and enforce the provisions of GST.

M/s D.P. Jain & Co. Infrastructure Private Limited (‘petitioner’) was engaged in the business of highway construction & inter alia had three subsidiaries. During the period 2020 to 22, the petitioner had issued...

The case concerns the activities of seven (7) expatriate employees and their Indian support team.

Recently, in the case of Sesa Goa Limited v The Joint Commissioner of Income-Tax, the High Court of Bombay at Goa allowed a deduction in respect of cess (education cess and higher and secondary education cess) ...

During the presentation of the Union Budget in 2017, the then Union Finance Minister Arun Jaitley emphasized upon the longstanding issue of lack of transparency in political party funding...

In addition to reduced rates, total entitlement under SEIS has been capped at INR 50 million per IEC for service exports rendered in FY 2019-20.

Petitioner (Munjaal Manishbhai Bhatt), an advocate entered into an agreement with a landowner/developer for purchase of an already developed plot of land (1021 sq mt)...

The foremost agenda of the 49th GST Council meeting was to discuss the setting up of the Appellate Tribunal and mechanism to curb tax evasion in pan masala, chewing tobacco, and gutkha industry, among other matters for trade facilitation and streamlining GST compliances.

Recently, the Delhi Bench of the Income Tax Appellate Tribunal held that the Liaison Office of Hitachi Technologies Singapore Pte Limited constituted a Permanent Establishment of Hitachi in India for the financial years 2001-02 to 2006-07.

In a recent case1, the Hyderabad Bench of the Income Tax Appellate Tribunal (ITAT) upheld the applicability of Section 56(2)(viia) of the Income Tax Act (the Act) in the case of receipt of shares by an amalgamated...

Recently, in a significant ruling of Nestle SA, the Supreme Court of India had examined the interpretation of the Most Favoured Nation (MFN) clause in Indian treaties with OECD member countries.

The past year 2018 has been a witness to some unforeseen economic challenges at the global level.

To promote growth and investment, the Legislature by way of the Taxation Laws (Amendment) Act, 2019, inter alia, inserted Section 115BAA in the Income-tax Act...

Omission of Rule 66(10) of the CGST Rules renders all pending proceedings, cases, and petitions pertaining to the said rule stand abated, and petitioners are entitled to claim refunds of IGST paid on export of goods.

Recently, the Mumbai Bench of the Tax Tribunal had an occasion to examine the taxability of advance received towards development rights, having linkage to performance...