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Rulings

Apr 10,2018  

SC dismisses SLP filed by Sky Light Hospitality LLP (converted into LLP from Pvt. Ltd. Co. and where Mr. Robert Vadra is one of the LLP partners) challenging Delhi HC

Apr 18,2018  

Bombay HC refuses to condone Revenue’s 318 days delay in appeal filing which is not sufficiently explained , rejects Revenue’s submission that considering the inherent manner in which the State

Apr 20,2018  

Amritsar ITAT upholds Pr. CIT’s invocation of revisionary jurisdiction u/s. 263 for 2012-13, in absence of inquiry by AO on Sec. 14A issue as well as his non-observance of CBDT Circular 5/2014 (wherein

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Taxsutra Eye Share : Angel tax relief - The points to ponder over

Taxsutra Eye Share : Angel tax relief - The points to ponder over

Apr 20,2018

CPC cautions salaried class against wrong claims, warns 'abetting' intermediaries of prosecution

Income-tax Department strictly advises salaried assessees not to fall prey to false promises or mis-advice by unscrupulous intermediaries and submit

Apr 19,2018

DIPP: Modifies definition of ‘Startup’; Prescribes eligibility criteria for claiming tax reliefs

As part of Govt.’s ‘Startup India’ initiative, the Department of Industrial Policy and Promotion (‘DIPP’) constitutes a broad based Inter-Ministerial

Apr 13,2018

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Litigation Tracker

Apr 12,2018  

SC stays operation of Delhi HC judgement confirming Revenue's initiation of Special Audit u/s 142(2A) on Nokia India Pvt. Ltd.

Apr 10,2018  

Revenue Counsel Mr. C. H. Sundar Rao terms Flipkart India as ‘wholesaler’ earning losses even at gross-profit level; Mr. Rao

Apr 09,2018  

Flipkart India’s hearing on AO’s re-characterization of discounts offered to customers as monopoly building capital expense begins before Bangalore ITAT

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Tax Thoughts

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