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The two-year limitation period prescribed by law for refund claim of tax wrongly paid is merely directory in nature and not mandatory; legitimate refund claim cannot be denied on the ground of limitation.

In a move that is intended to enhance the ease of doing business, reduce low value litigations, and also help the Income-tax department focus on high value litigations, on 11 July 2018...

This is in furtherance to our Ergo Updates dated 23 July 2018 and 28 August 2018, on monetary limits for filing of appeal by the Income-tax department (Department).

Under the extant tax law, a unit in the International Financial Services Centre (‘IFSC') is eligible for availing a 100% tax deduction on certain eligible income for a period of 10 consecutive years out of 15 years...

By way of a recent decision, the Supreme Court of India (‘SC') has dismissed the appeals filed by Hyatt International Southwest Asia Ltd (‘Appellant'), challenging the findings of the Delhi High Court's (‘Delhi HC')...

Hon'ble Prime Minister (PM) Mr Narendra Modi launched a ‘Transparent Taxation' platform on 13 August 2020 comprising faceless assessments, faceless appeals and a taxpayer's charter (Charter)

This framework is designed with the dual purpose of supporting the interests of exporters and honouring the commitments made to international organizations.

The Organisation for Economic Co-operation and Development (‘OECD') Model Tax Convention on Income and on Capital (‘MTC'), first issued in 1963...

By way of a quick round-up, set out below are few key tax changes that will be / are proposed to be effective from 1 April 2017.

The Central Board of Direct Taxes has made various amendments to the Income Tax Rules dealing with transfer pricing, which are to be enforced with effect from April 1 2013.

Assessee, engaged in the activities of investing in shares, leasing, financing, and money lending, invested in Asianet News Network Pvt. Ltd. (ANNPL)...

Establishment of Permanent Establishment (PE) in India has always been a vexed issued. Once the PE is established, another challenge is the attribution of profit to the PE. Recently, ...

The year gone by was a transitional year and undoubtedly, a roller coaster ride in terms of fire fighting with the complexities in GST regime.

The Hon'ble Supreme Court (SC) delivered a common judgement in a batch of five appeals concerning the tax treatment of payment of non-compete fees in Sharp Business Systems v CIT, 2025 SCC OnLine SC 2892.

In a series of Goods and Services Tax (GST) Council meetings, the 7th GST Council meet was conducted on 22-23 December 2016. Amidst the political friction due to demonetisation...

In a recent ruling pronounced by the Hon'ble Delhi High Court in the case of Equity Intelligence AIF Trust vs the CBDT and Anr, the Court has provided the much-needed tax relief...

Under India GST Law, importer in India was required to discharge GST under reverse charge on deemed value of ocean freight services under any CIF (i.e. Cost, Insurance and Freight) contract of import.