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Rulings

Jul 18,2016  

SC dismisses assessee company’s SLP against Delhi HC judgement; HC had disallowed provision for loss on transit-breakages made by assessee (engaged in manufacture & sale of liquor) in absence of

Jul 25,2016  

Delhi HC overrules AAR's conclusion, holds that Fosters brand intellectual property (IP) transfer pursuant to Fosters Australia & SABMiller deal not taxable under the domestic law (i.e. Income Tax Act,

Jul 22,2016  

Mumbai ITAT upholds deemed dividend addition u/s 2(22)(e) in the hands of assessee-shareholder for AY 2011-12 in respect of loan given by closely-held companies to a concern in which assessee

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CBDT releases share buy-back tax draft rules for public consultation

CBDT releases draft rules for public consultation prescribing the manner of determining 'amount received by company' for determining 'distributed income'

Jul 25,2016

G-20 calls for pro-growth tax polices, re-enforces BEPS commitment; Warns non-transparent jurisdictions

Communiqué issued by G20 Finance Ministers/Central Bank Governors (who met in Chengdu, China to review efforts in responding to key

Jul 25,2016

Govt releases undisclosed assets/income statistics post search/survey conducted under anti-black money measures

As a part of various Enforcement measures initiated to tackle black money menace, Income tax department conducted searches in 990

Jul 25,2016

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Litigation Tracker

Jul 18,2016  

SC admits Revenue’s SLP challenging Bombay HC ruling in the case B4U International Holdings Limited (a Mauritian company) for AY

Jul 13,2016  

SC admits Revenue’s SLP challenging Uttarakhand HC ruling in the case Pride Foramer (French Company) for AY 1988-89; Upholding ITAT order, HC

Jul 01,2016  

SC admits Revenue's SLP against Karnataka HC decision in the case of Wipro Ltd. (assessee) after condonation of delay; Karnataka HC in a detailed

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