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Results:1-10 of 12

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


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


FPI regime version 2.0 - regulatory and Tax Update
  • Khaitan & Co
  • India
  • July 17 2017

Indian regulatory and tax authorities have rolled out certain key changes to reform and upgrade the country’s regulatory and tax regime for entities


The multilateral instrument and its impact on India’s bilateral tax treaties
  • Khaitan & Co
  • India
  • July 3 2017

With an object to address aggressive tax strategies by multinational enterprises (MNE), the Organisation for Economic Cooperation and Development


India makes an ex-post facto Christmas gift to Cyprus
  • Khaitan & Co
  • Cyprus, India
  • December 22 2016

Further to our newsflash dealing with notification dated 14 December 2016 (Rescission Notification) issued by the Central Board of Direct Taxes (CBDT)


Cyprus loses the ‘non-cooperative jurisdiction’ tag
  • Khaitan & Co
  • Cyprus, India
  • December 19 2016

India had notified Cyprus as a ‘non-cooperative jurisdiction’ owing to lack of effective exchange of information, vide a notification of the Central


AAR Rulings on Interpretation of MFN Clause and Taxation of IPR Fail High Court's Litmus Test - Most Favoured Nation Clause in the Protocol to the India-France Tax Treaty is Self-Operational, Specific Notification Not Required
  • Khaitan & Co
  • OECD, India
  • August 5 2016

The Delhi High Court (High Court), in a recent judgment in Steria (India) Ltd v Commissioner of Income Tax has held that the narrower definition of


Madras High Court decides Cyprus’ fate - upholds the validity of notification of Cyprus as a 'notified jurisdictional area'
  • Khaitan & Co
  • India
  • April 28 2016

The Madras High Court (High Court) in a recent judgment in T Rajkumar v Union of India (2016 68 taxmann.com 182 (Madras)), has upheld the


Taxability of consortium in EPC contracts gets much needed clarity
  • Khaitan & Co
  • India
  • March 10 2016

The increase in the number of large infrastructure projects in the country to meet the demand for development of infrastructure has led to a


CBDT issues draft guidelines for determination of ‘place of effective management’
  • Khaitan & Co
  • India
  • December 28 2015

India has a ‘residence’ as well as ‘source’ based taxation. The criterion for determination of residential status of a company was recently amended