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Results: 1-10 of 18

Supreme Court relieves borrowers from tax on waiver of principal portion of loan
  • Khaitan & Co
  • India
  • May 4 2018

In the recent case of Commissioner v Mahindra and Mahindra Limited (Judgment) Civil Appeal Nos. 6949-6950 of 2004, a division bench of the


Internal group restructuring gets an impetus: ITAT upholds tax neutral transfer of capital assets from a company to its second step down Indian subsidiary
  • Khaitan & Co
  • India
  • March 16 2018

The Income Tax Appellate Tribunal (ITAT), in the case of Emami Infrastructure Limited v ITO Ward 12 (1) Kolkata (ITA No 880 2014), has upheld the


Court rules in favor of Mauritian resident company
  • Khaitan & Co
  • India
  • August 3 2017

Recently, the Hon’ble Bombay High Court (HC) upheld the decision of the Authority for Advance Rulings (AAR) wherein a Mauritian entit


Withholding Tax Default Bites The Payer After 10 Years
  • Khaitan & Co
  • India
  • July 27 2017

In a recent judgement (Ms Mass Awash Private Limited v CIT (International Taxation) 2017 83 taxmann.com306 (Allahabad)) (Judgment) a Division


CBDT bids adieu to book value driven approach for valuation of unquoted equity shares
  • Khaitan & Co
  • India
  • July 17 2017

Currently, Income Tax Act, 1961 (IT Act) provides for imputing income in the hands of the transferortransferee if the transaction of


Relief to investors: government issues final notification exempting certain transactions from long-term capital
  • Khaitan & Co
  • India
  • June 13 2017

Until 31 March 2017, long-term capital gains arising on the transfer of listed equity shares were exempt from tax in India if such transfer was


Revised valuation norms proposed for unquoted equity shares: bidding adieu to book-value driven approach
  • Khaitan & Co
  • India
  • May 10 2017

Under the Income-tax Act, 1961 (IT Act), when a person receives, inter alia, shares of an unlisted company for a consideration which is less than


Key amendments to the Finance Bill, 2017
  • Khaitan & Co
  • India
  • March 23 2017

The Finance Bill, 2017 which was presented by the Finance Minister in the Indian Parliament on 1 February 2017 (Original Bill) has been amended by the


Madras High Court holds part of sale consideration taxable as non-compete
  • Khaitan & Co
  • India
  • January 17 2017

In a recent judgment (CIT vs. Chemech Laboratories Limited), the Madras High Court has held that where consideration is paid for all aspects of a


Revised india-Singapore tax treaty: decoding the third protocol
  • Khaitan & Co
  • Singapore, India
  • January 4 2017

Pursuant to the signing of the third protocol (Protocol) amending the India-Singapore Tax Treaty (Treaty) on 30 December 2016, the text of the