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Results:1-10 of 14

Tax tribunal views transactions inter se group entities as sham, disallows set-off of resulting capital loss
  • Khaitan & Co
  • India
  • September 12 2018

The Income Tax Appellate Tribunal, Delhi (ITAT) in the case of Deputy Commissioner of Income Tax v Ms BS Infosolution Private Limited (ITAT Order


Monetary thresholds for filing of appeals by the Income-tax department enhanced
  • Khaitan & Co
  • India
  • July 24 2018

In a move that is intended to enhance the ease of doing business, reduce low value litigations, and also help the Income-tax department (Department)


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