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Ordinarily, as a general rule under the provisions of GST law, any demand by the authorities must be preceded by a show cause notice (SCN) and its adjudication under Section...

GAAR (General Anti-Avoidance Rule), drafted under chapter X-A of the Income Tax Act,1962, applies the substance over form approach in the domain of tax laws.

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...

Taxability of non-compete fee has been a bone of contention in several acquisitions. Prior to 2003, the Income-Tax Act ("Act") did not provide for taxing of non-compete fee,

Recently, the Chandigarh Bench of the Income Tax Appellate Tribunal ("Tribunal") upheld1 the denial of registration under section 12AA2 of the Income Tax Act, 1961 ("ITA") ...

Recently, the Supreme Court in the case of Kriti v/s Oriental Insurance Co. Ltd. opined that while calculating the notional income in motor vehicle accidents, the deceased and non-earning members including homemakers ...

The Benami Act carefully distributes investigative and adjudicatory powers among different authorities, but a critical question remains unresolved: can the Adjudicating Authority expand proceedings beyond the original...

The Advance Pricing Agreement (APA) program has been proven to be an effective tool for dispute resolution since its inception in 2012 in India. The 4th Annual Report encapsulating...

The Indian art market functions through two overlapping but distinct spaces – the primary market, where emerging and established artists sell their works (often through private galleries), and the secondary market...

The National Telecom Policy, 1994 was replaced by the New Telecom Policy, 1999. Under the new policy, telecom operators were required to pay a one time entry fee and a variable license...

Since the inception of Goods and Services Tax (‘GST') in 2017, leviability of GST on director's remuneration has been an ambiguous subject.

It is common for corporates and financial institutions to invest in debt instruments in order to earn risk free/low risk returns. In cases where the debt instruments are acquired in secondary markets...

TDS and TCS are widely used by the Government as a mechanism to collect taxes as and when transactions occur.

Explore key Indian tax rulings on FDI policy amendments for land-border countries, share buyback taxation under section 56(2)(x), tenancy rights in property redevelopment, and transfer pricing safe harbour rules. Discover how recent tribunal decisions impact corporate restructuring, foreign exchange compliance, and depreciation on goodwill from intra-group amalgamations.

CbCR is step towards achieving the international commitment of India and to prevent base profit erosion.

The question of substance over form has been a recurring theme in the interpretation of taxation laws.

Alstom Transport SA – Authority for Advance Rulings (AAR).