INSIGHTS

Direct Tax Alert - 07 December 2022

Mumbai ITAT rules on demerger of Financial Services business

Direct Tax Alert - 03 November 2022

Supreme Court explains law on taxability of charitable institutions

Direct Tax Alert - 15 September 2022

CBDT releases additional guidelines for tax withholding on benefit and perquisite

Direct Tax Alert - 13 July 2022

Supreme Court holds filing of declaration within time limit mandatory for foregoing benefit under section 10B

Direct Tax Alert - 17 June 2022

CBDT releases guidelines on withholding tax requirements on provision of benefit or perquisite

Direct Tax Alert - 06 May 2022

Supreme Court reverses High Court rulings to restore 90,000 reassessment

Direct Tax Alert - 05 April 2022

Bombay High Court quashes reassessment notices issued on or after 1 April 2021

Direct Tax Alert - 28 March 2022

Lok Sabha clears Finance Bill, 2022 with amendments

Direct Tax Alert - 25 February 2022

Supreme Court denies deduction in respect of incentives / freebies offered to medical practitioners

Direct Tax Alert - 12 January 2022

Supreme Court revives extension of limitation period for judicial and quasi-judicial proceedings

Direct Tax Alert - 30 December 2021

CBDT notifies modified Faceless Appeal Scheme

Direct Tax Alert - 27 December 2021

OECD publishes model Global Anti-Base Erosion (‘GloBE’) rules

Direct Tax Alert - 11 November 2021

Mumbai Tribunal rules on scope of Black Money Act in respect of undisclosed foreign bank accounts held in the past

Direct Tax Alert - 20 August 2021

Debentures issued in lieu of accrued interest deductible under section 43B

Direct Tax Alert - 06 August 2021

Karnataka High Court allows additional claim of loss in reassessment proceedings

Direct Tax Alert - 26 May 2021

CBDT notifies rule for computation of deemed consideration under a slump sale

Direct Tax Alert - 05 May 2021

Supreme Court holds that deduction under section 80-IA need not restricted to Business Income

Direct Tax Alert - 05 May 2021

CBDT notifies threshold for Significant Economic Presence test

Direct Tax Alert - 04 May 2021

Mumbai Tribunal upholds doctrine of impossibility of performance for withholding tax on pre-2012 transaction involving indirect transfer of shares

Direct Tax Alert - 26 April 2021

Delhi High Court invokes Most Favored Nation clause and applies 5% withholding tax on dividend income under India- Netherlands Tax Treaty

Direct Tax Alert - 08 April 2021

Supreme Court strikes down automatic vacation of stay granted by ITAT as unconstitutional

Direct Tax Alert - 24 March 2021

Key amendments to Finance Bill, 2021 at enactment stage

Direct Tax Alert - 03 March 2021

Supreme Court decides on the issue of taxation of payment for purchase of software from foreign companies in favour of taxpayers

Direct Tax Alert - 02 December 2020

Mumbai ITAT allows tax holiday deduction from commercial profits

Direct Tax Alert - 05 November 2020

Government announces LTC Cash Voucher Scheme for non-Central Government employees

Direct Tax Alert - 21 October 2020

High Court allows depreciation on assets acquired at time of succession on which no depreciation was claimed by the erstwhile partnership firm

Direct Tax Alert - 14 October 2020

Delhi ITAT determines DDT on dividends to non-resident shareholder to be circumscribed by DTAA rates

Direct Tax Alert - 28 September 2020

CBDT notifies Faceless Appeal Scheme, 2020

Direct Tax Alert - 17 August 2020

Transparent Taxation – Honouring the Honest: A step in the right direction

Direct Tax Alert - 12 August 2020

CBDT issues guidance on Mutual Agreement Procedure

Direct Tax Alert - 07 August 2020

Supreme Court upholds disallowance upon failure to deduct tax at source under Section 194C

Direct Tax Alert - 15 July 2020

The Spanish Supreme Court rules against the dynamic interpretation of tax treaties

Direct Tax Alert - 09 July 2020

Amendments to the Indian Stamp Act, 1899

Direct Tax Alert - 08 June 2020

Optimizing cash flows during COVID-19

Direct Tax Alert - 05 June 2020

AAR denies India-Mauritius tax treaty benefit

Direct Tax Alert - 04 May 2020

Supreme Court rules on powers of the Assessing Officer to withhold income-tax refunds

Direct Tax Alert - 28 April 2020

SC upholds that Liaison offices do not constitute a PE in India

Direct Tax Alert - 09 April 2020

Supreme Court quashes reassessment notice issued beyond four years

Direct Tax Alert - 07 April 2020

Issue of redeemable debentures are not loans for deemed dividend purposes

Direct Tax Alert - 27 March 2020

Capital loss allowed on a capital reduction

Direct Tax Alert - 03 March 2020

AAR disallows India-Mauritius tax treaty benefit

Direct Tax Alert - 25 February 2020

The Direct Tax Vivad se Vishwas Bill, 2020

Direct Tax Alert - 05 February 2020

Direct Tax Dispute Resolution Scheme

Direct Tax Alert - 27 December 2019

Tribunal allows Transferee company to add unabsorbed deprecation of Transferor company to the WDV of assets transferred on amalgamation

Direct Tax Alert - 24 December 2019

SC decision - Dalmia Power allowing revision of return after lapse of statutory due date to give effect to Amalgamation scheme

Direct Tax Alert - 27 November 2019

The Taxation Laws (Amendment) Bill, 2019

Direct Tax Alert - 19 November 2019

Depreciation on goodwill arising on merger, a permissible deduction

Direct Tax Alert - 23 October 2019

Pending tax refunds - High Courts provide substantial relief

Direct Tax Alert - 21 September 2019

The Taxation Laws (Amendment) Ordinance, 2019

Direct Tax Alert - 17 September 2019

E-assessment Scheme, 2019

Direct Tax Alert - 16 September 2019

CBDT prescribes safeguard and provides relaxation for compounding and prosecution of offences

Direct Tax Alert - 28 August 2019

Conversion of a company into a Limited Liability Partnership (LLP) - capital gains tax implications for shareholder

Direct Tax Alert - 7 May 2019

Bombay High Court quashes order under section 197 requiring withholding tax of 10% on gains arising to Mauritius seller on sale of Indian company shares and directs issuance of nil withholding tax certificate

Direct Tax Alert - 02 Jan 2019

CBDT clarifies that section 56(2)(viia) does not apply to receipt of shares on issuance by closely held companies

Direct Tax Alert - 18 December 2018

Mumbai Bench of the ITAT reiterates that the difference between the issue price and FMV in respect of rights shares issued on proportionate basis would not be taxable as income from other sources

Direct Tax Alert - 20 September 2018

Capital gains exemption denied since share allotment not made in a 'reasonable period'

Direct Tax Alert - 17 September 2018

NCLT rejects scheme as Income Tax Authorities invoke GAAR

Direct Tax Alert - 19 June 2018

Use of global network and infrastructure for processing card payment transactions constitutes a Permanent Establishment (AAR)

Direct Tax Alert - 04 May 2018

Supreme Court rules on the tax implications arising on waiver of loans

Direct Tax Alert - 30 April 2018

Beneficial ownership - a brewing controversy

Direct Tax Alert - 18 January 2018

Indirect Transfer provisions not triggered when value from Indian assets is only around 5 % of the total assets (AAR)

Direct Tax Alert - 20 November 2017

Tribunal deletes addition made under section 93, in respect of gains arising to the taxpayer’s Mauritius subsidiary

Direct Tax Alert - 15 November 2017

Indian entities and individuals named in the ‘Paradise Papers’

Direct Tax Alert - 09 November 2017

Delhi High Court strikes down several ICDS provisions

Direct Tax Alert - 02 November 2017

Supreme Court upholds the taxability of mobilisation fees for oil rigs under section 44BB

Direct Tax Alert - 26 October 2017

Supreme Court rules on the creation of PE on account of outsourcing of activities to an Indian subsidiary

Direct Tax Alert - 25 October 2017

Tribunal rules on the taxability of payments made under a Distribution Agreement for Google’s AdWords Program.

Direct Tax Alert - 09 October 2017

Draft Notification containing guidelines for maintaining and furnishing of TP documentation in Master file and County-by-Country Reporting.

Direct Tax Alert - 27 July 2017

CBDT issues FAQs for computing book-profits under MAT for Ind-AS compliant companies.

Direct Tax Alert - 14 July 2017

CBDT notifies Rules for valuing unquoted equity shares.

Direct Tax Alert - 19 June 2017

CBDT notifies Rules pertaining to secondary transfer pricing adjustment

Direct Tax Alert - 16 June 2017

Draft Notification on computation of income, depreciation, losses, etc. for foreign companies that are resident in India

Direct Tax Alert - 08 June 2017

India signs the Multilateral Convention – Provisional List of reservations and notifications released

Direct Tax Alert - 06 June 2017

Final Notification on exclusions under the amended section 10(38) released

Direct Tax Alert - 09 May 2017

Supreme Court upholds applicability of Section 14A to dividend income

Direct Tax Alert - 27 April 2017

Supreme Court rules on constitution of Permanent Establishment

Direct Tax Alert - 10 March 2017

Delhi ITAT rules on taxability of indirect transfers

Direct Tax Alert - 27 January 2017

Clarifications on Implementation of the General Anti-Avoidance Rule under the Income-tax Act, 1961

Direct Tax Alert - 24 January 2017

Final guidelines issued for determination of Place of Effective Management of companies

Direct Tax Alert - 03 January 2017

India & Singapore sign Protocol amending the provisions of India-Singapore Tax Treaty

Direct Tax Alert - 16 December 2016

Notification of Cyprus as a 'Notified Jurisdictional Area' under section 94A of the Income Tax Act, 1961 rescinded

Direct Tax Alert - 28 November 2016

Government introduces amendments to the Income-tax Act, 1961 pursuant to demonetisation; Pradhan Mantri Garib Kalyan Deposit Scheme launched

Direct Tax Alert - 05 October 2016

CBDT notifies revised Income Computation and Disclosure Standards

Direct Tax Alert - 31 August 2016

The Authority for Advance Rulings (AAR) rules on taxability of foreign-to-foreign company mergers and indirect transfers

Direct Tax Alert - 26 July 2016

The Delhi High Court lays down the law relating to situs of intellectual property rights such as trademarks, brands and logos

Direct Tax Alert - 25 July 2016

Central Board of Direct Taxes (CBDT) issues draft Rules prescribing the manner for determining the “amount received” by a company for issue of shares for the purposes of section 115QA of the Income-tax Act, 1961

Direct Tax Alert - 01 July 2016

Central Board of Direct Taxes (CBDT) notifies rules for grant of Foreign Tax Credit (FTC)

Direct Tax Alert - 01 July 2016

Changes to the India-Cyprus Treaty / Revocation of Cyprus's classification as a "Notified Jurisdictional Area" - Press release issued by CBDT

Direct Tax Alert - 24 May 2016

Central Board of Direct Taxes (CBDT) issues draft Rules for manner of determining fair market value (FMV) and reporting requirement for Indian concern on indirect transfer

Direct Tax Alert - 13 May 2016

India & Mauritius sign Protocol amending the provisions of India-Mauritius Tax Treaty

Direct Tax Alert - 06 May 2016

Lok Sabha Passes the Finance Bill

Direct Tax Alert - 20 April 2016

Central Board of Direct Taxes (CBDT) issues draft rules for grant of Foreign Tax Credit (FTC)

Direct Tax Alert - 15 April 2016

Madras high Court upholds constitutional validity of section 94A of the Income-Tax Act and the validity of the CBDT Notification 86/2013 notifying Cyprus as a 'Notified Jurisdictional Area'

Direct Tax Alert - 02 March 2016

The Central Board of Direct Taxes (CBDT) clarifies the applicability of withholding taxes on payments made to production houses and advertisement agencies

Direct Tax Alert - 12 February 2016

Buy-back carried out in accordance with Section 77A of the Companies Act

Direct Tax Alert - 22 January 2016

Authority for Advance Rulings: Intra-group transfer of shares from Mauritius to Singapore held not taxable in India - allegations of tax avoidance rejected

Direct Tax Alert - 19 January 2016

First Batch of Recommendations of the Income-tax Simplification Committee

Direct Tax Alert - 23 December 2015

CBDT issues Draft Guiding Principles for determination of Place of Effective Management ('POEM')

Direct Tax Alert - 12 December 2015

Delhi High Court: AMP expenditure incurred by Maruti Suzuki India is not an international transaction.

Direct Tax Alert - 07 December 2015

Mumbai Tribunal: Assessing Officer cannot make a reference to the TPO mechanically without applying his mind

Direct Tax Alert - 20 November 2015

Alert on proposals released by Government which set out the manner in which exemptions and deductions will be phased out

Direct Tax Alert - 10 November 2015

Alert summarizing the instruction issued by CBDT to address taxpayer grievances from High Pitched assessments

Direct Tax Alert - 27 October 2015

Key Highlights and comments regarding final rules issued by CBDT on range concept and multiple year data

Direct Tax Alert - 05 October 2015

OECD releases the final package of measures under the Base Erosion and Profit Shifting ('BEPS') Project

Direct Tax Alert - 03 April 2015

Bill on Undisclosed Foreign Income and Assets introduced in Lok Sabha

Direct Tax Alert - 29 December 2014

Karnataka High Court Ruling on applicability of deemed dividend on advances to sister concerns and a shareholder