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DTAA - Rendering of services or utilisation of expertise by recipient per se does not amount to making available technical knowledge skill unless recipient is enabled to independently apply such knowledge in future without assistance: ITAT (See Breaking News) TP - Within the meanings of Rule 10D, it is responsibility of Assessee to provide all details to Revenue authorities during assessment proceedings: ITAT (See Breaking News) Tax transparency steps led to recovery of USD 48 bn revenue in DCs: OECD (See Brief) TP - Comparable cannot be included merely because objection on export turnover fails, and TPO must independently examine functional similarity: HC (See Breaking News) I-T - Penalty proceedings distinct from assessment proceedings & cannot be sustained based only on additions or disallowances; mens rea is a necessary ingredient for imposing penalty, ergo penalty not tenable where Assessee was acting in bona fide: ITAT (See Breaking News) INTL - Explanation 2 to section 37 bars deduction of CSR expenditure as a business expense, it does not prohibit deduction under Chapter VI-A if statutory conditions are met : ITAT (See Breaking News) I-T - Final assessment order is not tenable if passed beyond permissible period of limitation prescribed u/s 144C(13) r/w/s 153: ITAT (See Breaking News) TP - Rule 10D permits reliance on price publications and market quotations: ITAT (See Breaking News) I-T - Provisions of Sections 144C & 153 are interlinked, by virtue of which final assessment order must be computed by reading both provisions together: ITAT (See Breaking News) DTAA - Use of sophisticated infrastructure by service provider for rendering services cannot per se be equated with granting customer the right to use industrial, commercial or scientific equipment: ITAT (See Breaking News) INTL - Provisions of section 144C & section 153 are mutually inclusive & not mutually exclusive; limitation for passing final assessment order is to be computed by reading both provisions together: ITAT (See Breaking News) INTL - ITO in charge of domestic ward within India lacks territorial jurisdiction to assess a non-resident; jurisdiction lies with ITO in charge of International Taxation: ITAT (See Breaking News) I-T - Reimbursement received on account of secondment is taxable as FTS/FIS u/s 9(1)(vii) of Income Tax Act and Article 12 of the India -USA DTAA: HC (See Breaking News) I-T - Order of assessment/ reassessment u/s 153(2) is required to be made within 12 months from end of financial year in which notice u/s 148 was served: HC (See Breaking News)
 
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About Us

Taxindiainternational.com (“TII”), established on April 23, 2010, is a dedicated portal on international taxation. TII was launched in response to the changing landscape of taxation in India. It happens to be the FIRST comprehensive and exhaustive online resource for the taxpayers and also tax authorities looking for well-arranged resource on Transfer Pricing, Double Taxation Tax Treaties, FDI, FEMA, PMLA, BIPA, NRI and Visa guidelines for various categories of expatriates employed in India by MNEs. 

TII is a sister portal of India’s most prestigious and popular taxation and trade portal Taxindiaonline.com (TIOL). In about to be nine years, TII has carved a niche for its quality, speed and authenticity among domestic as well as international users. It has earned the respect and confidence of many global experts of international taxation. It is a highly reliable resource for the various fora of the Indian judiciary. Its citations are frequently used by the courts in their decisions. Its well-researched articles are regularly referred to by the policy makers in India. Its recommendations are generally respected by the Ministry of Finance in India.

TII has a huge subscriber-base cutting across users community ranging from Foreign Taxation Division in the CBDT, Directorate of Transfer Pricing & International Taxation to advocates, law firms, MNEs, domestic companies and research organisations. It has an enviable team of in-house experts and Consulting Editors who keep an eye on the global trend and keep sensitising the policy makers on the future trends of transforming fiscal world.

Consulting Editor


Mr. D.P. Sengupta: Mr Sengupta, a former member of the IRS, retired as Chief Commissioner of Income Tax after more than 33 years of distinguished service. Before that he had a highly satisfying stint as Joint Secretary in the Tax Policy and Legislation division of the Central Board of Direct Taxes.He also served as Joint Secretary in the Foreign Taxation Division of the Ministry of Finance. He was the Competent Authority for India and represented India in the WP1 of the OECD. He is a well known international taxation expert and spoke at various international tax conferences.

CEO & Managing Editor

Shailendra Kumar, founder and CEO of TIOL started his career with The Indian Express Newspaper in 1990 and then moved to The Economic Times where he worked for more than five years before taking the entrepreneurial route to launch TIOL, an idea based on a business need which he realized as a financial journalist. His vision was to create a knowledge-driven company; which eased the burden on corporations and which acted as a media watchdog for Indian tax and trade policies. He spearheads the business in all of its facets, including regular interactions with various policy makers and administrators, and managing the editorial and news gathering team at TII. He is the recipient of the 2001 Outstanding Media Professional Award presented by the India International Professionals Forum.

 
 
 
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