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Mumbai tribunal: TRC is sufficient evidence of beneficial ownership

India - October 11 2018 Recently, in the case of HSBC Bank (Mauritius) Ltd. v. Deputy Commissioner of Income-tax (IT)-2(2)(2), Mumbai, the Mumbai Bench of the Income Tax…

Shashwat Sharma

Madras High Court: Indian company is not an agent for transfer of its own shares

India - September 24 2018 Recently, the High Court of Madras (the “High Court”), in WABCO India Ltd v. Deputy Commissioner of Income Tax, Chennai, held that an Indian company…

Shashwat Sharma

Finance Act, 2015 passed into law: some creases ironed

India - May 18 2015 We had earlier sent you our hotline on Budget 2015 (India Budget Insights 2015-16) on March 1, 2015 in which we had discussed some of the key changes…

T.P. Janani, Rajesh Simhan

Sham transactions: recent developments in Indian tax law

India - October 31 2014 Delhi Tribunal holds that the mere fact that one of the steps in a transaction resulted in capital loss for the taxpayer would not make the series of…

Tarun Kovvali, Rajesh Simhan

Booster dose for private equity: pass through status upheld

India - October 23 2014 Bangalore Tribunal holds that capital contributions made by contributors to a trust shall be taxed at the hands of the contributors as revocable…

Richie Sancheti, Adhitya Srinivasan