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TII BREAKING NEWS
 
DTAA - Commission paid to overseas agent for procurement of orders - Assessee seeks settlement under VsV Scheme - appeal disposed off accordingly: HC
TP - High Court need not examine merits of factual findings recorded by Tribunal, where such dictum is not perverse in law: HC
TP - Recurring matters relating to determination of ALP merits to be decided on basis of precedents: ITAT
TP - Comparable data should pertain to financial year in which international transactions have been taken place: ITAT
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TII SPECIAL Oct 15, 2020
 
Arbitral Award over Domestic Law - A preview of Vodafone Award against Government of India
By Devendra Shankar

"RETROSPECTIVE clarificatory amendments to tax laws" are not dirty words as has been made out by the International Arbitration Award in the case of Vodafone-an award which has been a matter of public debate both in print and electronic media. However a fact which has missed attention is that there are precedents

 
TII EDIT Dec 30, 2020
 
Capital gains and corporate gift of shares - Time for a review
By D P Sengupta

'Capital gains' used to be deeply antithetical to the British understanding of 'income' for the purpose of the charge of income tax. Income is supposed to be a periodical return that has been likened to the fruits of a tree whereas the tree is the capital. If the tree itself is felled or alienated,

 
BULLETIN BOARD
 
New Delhi, Jan 16, 2021
CBDT issues detailed Circular on remuneration to eligible investment fund manager u/s 9A(3...
Mumbai, Jan 12, 2021
Foreign Exchange Management (Export of Goods and Services) (Amendment) Regulations, 2021...
New Delhi, Dec 18, 2020
Filling up the post of officers at the level of Under Secretary/DCIT(OSD) in FT&TR Divisio...
Mumbai, Dec 03, 2020
FEMA (Export and Import of Currency) (Second Amendment) Regulations, 2020...
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TII BRIEF
 
Geneva, Jan 25, 2021
WTO rules in favour of South Korea, asks US to revise trade measures ...
Washington, Jan 23, 2021
Maritime sector digitalisation will boost global trade: World Bank ...
Geneva, Jan 20, 2021
Malaysia launches WTO complaint over EU palm oil restrictions ...
Washington, Jan 19, 2021
WTO asks Pakistan to remove dumping duty on UAE's BOPP film ...
Paris, Jan 19, 2021
OECD area employment rate rose 1.9 percentage points in Q3 ...
 
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