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Rulings

Feb 23,2018  

SC, in a detailed 75 pages judgment, lifts corporate veil of Multinational Accounting Firms (MAFs), holds that MAFs violate CA Act, orders further investigation by Enforcement Directorate & examination by

Feb 22,2018  

Delhi HC reverses ITAT order for AY 2009-10, upholds concealment penalty u/s. 271(1)(c) despite assessee (a Medical Practitioner) voluntarily declared additional income of Rs. 2 cr. in revised return; HC

Feb 23,2018  

Delhi ITAT  rules that income arising to assessee (a non-resident company) from supply of software embedded in the hardware to various customers in India, not royalty u/s. 9(1)(vi) of the Act

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Indian TP Evolution - How have the last 10 Union Budgets shaped TP policies?

India is emerging as the new ‘global economic hotspot’ according to the International Monetary Fund. For this purpose, it is

Feb 23,2018

UK 's MAP-policy paper expresses willingness to consider interest deduction pursuant to secondary adjustment

UK HMRC releases Statement of Practice (‘SoP’) on Mutual Agreement Procedure (‘MAP’) to set out UK’s practice regarding methods to reduce/prevent

Feb 21,2018

HC: Re-directs NDTV to CIT(A) on Rs. 436 cr penalty challenge; Accepts Revenue's alternate remedy plea

Delhi HC dismisses NDTV’s writ challenging imposition of penalty of Rs. 436.80 Cr. for AY 2009-10, as ‘withdrawn’; HC accepts

Feb 21,2018

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Litigation Tracker

Feb 23,2018  

Karnataka HC modifies ITAT order on stay of demand, directs Flipkart India Pvt Ltd. (‘assessee’) to further deposit Rs.10 cr. against

Feb 22,2018  

ITAT President Shri G D Agrawal, on perusal of Google's request for bench transfer (outside Bengaluru), Department's strong objections, views

Feb 21,2018  

Delhi HC admits GE group entities’ appeal challenging ITAT order; ITAT had upheld Revenue’s claim for constitution of fixed place PE

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