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No TP adjustment on imports at lesser value under predatory pricing policy to capture market.

The last decade has witnessed an exponential rise in the start-up ecosystem in the country. While the COVID-19 outbreak and the effects of the lockdown...

The Finance Act, 2017 had made it mandatory for individual taxpayers to quote their Aadhaar number or Enrolment ID of Aadhaar application form for filing tax returns in India.

Recently, minutes of Tariff Conference held on 28th and 29th October, 2015-reg. was released by CBEC under Instruction No. F.No.96/85/2015-CX.I dated 07.12.2015.

Section 56(2)(x) of the Income Tax Act provides that where any person receives any property (including shares of a company) for a consideration less than its fair market value (computed as per the prescribed method), ...

The Finance Budget of Maharashtra has been announced for the financial year 2019-2020.

Recently the Delhi High Court in the case of Steria India Ltd. relying on the most favored nation clause under the India - France Double Taxation Avoidance Agreement held that payments made by an Indian company to a French company for management services does not constitute Fees for Technical Services.

The Department of Industrial Promotion and Policy (DIPP) has notified a scheme to extend budgetary support to manufacturing units operating in the backward areas of Jammu & Kashmir, Uttarakhand, Himachal Pradesh and North-Eastern states...

The Customs department has commenced issuing notices to several automobile manufacturers requiring them to pay Goods and Service Tax ("GST") at the rate of 28% instead of 18%.

The automobile sector is hoping for a reduction in Goods and Service Tax ("GST') rates from 28% to 18% which is the only mode to revive the automobile industry which is presently facing immense hardships.

The good and simple regime of GST is witnessing a great spur in cases involving fake invoicing to pass on fake Input Tax Credit (‘ITC').

The Petitioner being a real estate developer entered into an agreement with the land owner for development of plot on 7 April 2022.

The Assessee filed appeal before CIT(A) and during the pendency of appeal, filed application before AO seeking stay of demand under Section 220(6) of the Act,

The Finance Bill 2012 proposes to introduce a Chapter X-A to the Current Income-tax Act, 1961 on General Anti-avoidance Rules (GAAR)

Section 79 of the Income Tax Act, 1961 (Act) allows set-off and carry forward of losses only if 51% of the company's voting power is beneficially held by the same person who on the last day of the financial year in which the loss was incurred.

The Central Board of Direct Taxes (CBDT), vide notification on 5 April 2021, issued amendments to the Indian Income-tax Rules, 1962 (the Rules), namely Income-tax (9th Amendment) Rules, 2021.

As many are now aware, the double tax avoidance arrangement (DTAA) between India and Mauritius was amended through the protocol released last month. The direct impact summarized in one line is as follows: