Jan 23,2018

Mumbai ITAT holds that consideration of Rs.112.83 lakhs received by assessee (a UAE based Booz group company) for providing technical/professional personnel to its Indian associated enterprise (i.e. Booz India)  during AY 2011-12, not taxable

Jan 22,2018

Delhi ITAT rules that amount received by the assessees (who have formed a consortium for the purpose integrated township development) on account of transfer of development rights in the underlying

Jan 19,2018

Mumbai ITAT allows deduction u/s 37 to a Pharma co. (‘assessee’) for AY 2011-12​ in respect of advertisement and publicity expenses, rejects Revenue’s stand that expenditure ​was made in violation of ​Medical Council of India's (​MCI​)regulations; ITAT

Jan 18,2018

AAR rules that the payment of Rs. 580 cr. by the applicant (a resident company) to its French group company (‘MFPM’) for offshore supply of equipment under the Umbrella Agreement,

Jan 18,2018

AAR allows Sec. 54 benefit to the applicant ( an individual, a non-resident and settled in UK) on his investment in a residential house in London out of the capital

Jan 18,2018

Rajasthan HC upholds ITAT order, allows capital gains relief u/s. 54B and Sec. 54F to assessee-individual for AY 2010-11 for depositing the un-utilized net sale consideration  in the capital gain account scheme

Jan 17,2018

AAR rules that entire consideration of USD 3.5 million received by applicant (a Belgium based company) for rendering, lighting and searchlight services to the Organizing Committee, Commonwealth Games 2010, Delhi

Jan 17,2018

The Authority for Advance Rulings (AAR) rules that offshore share transfer in Germany between non-residents resulting in indirect transfer of shares held in an Indian entity is not taxable u/s

Jan 16,2018

Karnataka HC dismisses Revenue’s writ with 'exemplary' cost of Rs. 50,000 each, to be paid personally by  2 Principal CITs & an ACIT, for their irresponsible & unfair behaviour in filing