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We are pleased to present the latest edition of Tax Street – our newsletter that covers all the key developments and updates in the realm of taxation...

The Mumbai Bench of the Income Tax Appellate Tribunal (Tribunal) in the case of M/s Anik Industries Limited (Tax Payer) vs DCIT (ITA No. 7189/Mum/2014 & ITA No. 5234/Mum/2016) allowed the appeal by the Tax Payer ...

Earlier this year, Central Board of Direct Taxes, India ("CBDT") issued Circular no. 1 of 2004 ("Circular"), on taxation of the profits made by non-resident companies engaged in BPO activities.

The fact leading to filing of the appeal by the revenue was that the Respondent was a wholly owned Indian subsidiary of Air Liquid France (ALF), a French multinational company.

In a recent ruling, the Mumbai Income-tax Appellate Tribunal, relying on the Tally Solutions case, has held that when the future cash flow or revenue stream projections of a private investment company are uncertain...

Taurian Iron & Steel Co. Private Limited, during previous year relevant to the assessment year under review, advanced share application money to its wholly owned subsidiary in South Africa...

India's 2017-18 Budget is mostly populist with a big focus on infrastructure and rural development.

The Authority for Advance Rulings ("AAR") in a recent ruling (AAR/671/2005) has held that there will be a withholding tax requirement on payments made to a non-resident agent

The Finance Bill 2021 has proposed that goodwill of a business or profession will not be considered as a depreciable asset.

There are many Companies, other than a company in which public are substantially interested that issue equity shares at a Premium which is more than the Face Value per share of the Company.

How TReDS is Transforming MSME Payments | Legal Podcast ft. Saswata Banerjee | IndiaLaw LLP

According to the notification the rules are applicable from the date of its publication in official gazette i.e. 29th March, 2019.

The Finance Act of 2017 had amended Section 10(38) of the Income Tax Act, 1961 to the effect that long term capital gains from transfer of equity shares of companies listed on stock exchanges, ...

The Tax department recently1 attempted to deny tax benefits in respect of capital gains arising from sale of shares.

Long a magnet for growing global businesses, especially in software, India now enjoys a reputation as the third-largest tech startup hub in the world.

We are pleased to present the latest edition of Tax Street – our newsletter that covers all the key developments and updates in the realm of taxation in India and across the globe for the month of...

A Division Bench of the Hon'ble Delhi High Court in a writ petition involving Equity Intelligence AIF Trust (the Fund) ruled that a Category III Alternative Investment Fund (AIF) shall be treated as a determinate trust insofar as the identity of the investors and their respective shares are set out in the contribution agreements (see Equity Intelligence AIF Trust v CBDT and Anr, 2025:DHC:6170-DB).

Earlier this year, the International Financial Services Centre Authority (“IFSCA”) issued a notification (“Notification”) specifying operating leases, including any hybrid of operating...