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Results: 1-10 of 12

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


India-Mauritius tax treaty: AAR re-iterates need for ‘substance’
  • Khaitan & Co
  • Mauritius, India
  • March 16 2018

India-Mauritius Tax Treaty has always attracted interest of international investor community as well as the tax authorities. While the law on the


High Court holds that ‘substantial expansion’ of an existing unit qualifies for 100 profit linked deduction
  • Khaitan & Co
  • India
  • December 26 2017

In a recent judgment Stovekraft India and Ors. vs. Commissioner of Income Tax (ITA No. 202015) (Judgment), the Hon'ble Himachal Pradesh High Court


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


No “pass through” status for indeterminate trusts holds tribunal
  • Khaitan & Co
  • India
  • June 9 2017

The Chennai Bench of the Income-tax Appellate Tribunal (Tribunal) in its recent ruling in TVS Investments iFund v ITO (2017 81 taxmann.com 296


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


AAR Rulings on Interpretation of MFN Clause and Taxation of IPR Fail High Court's Litmus Test - Transfer of Foreign Owned IPR Not Taxable in India - High Court Verdict Brings Cheers to Fosters!
  • Khaitan & Co
  • India
  • August 5 2016

Under the Indian domestic tax law, gains derived from transfer of a capital asset situated in India are taxable in India. The High Court has, in the


Indirect transfer of Indian assets - draft rules released
  • Khaitan & Co
  • India
  • June 6 2016

Under Indian domestic tax law, capital gains earned by a non-resident on transfer of shares or interest in a foreign company (Foreign Target) which