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NEWS FLASH

Tax fair valuation rules - Are they fair in M&A context (See 'taxindiaonline.com')

TP - Taxpayer cannot claim reversal of 'provision' as 'operating revenue' without demonstrating nature of provision at time of its creation as to operating or non-operating: ITAT (See 'Breaking News')

TP - Forex fluctuation gain emanating from export is integral part of operating income and cannot be differentiated from export proceeds: ITAT (See 'Breaking News')

Maritime sector digitalisation will boost global trade: World Bank (See 'TII Brief')

DTAA - TDS on bandwidth charges paid to non-resident entity - assessee seeks settlement under VsV Scheme - appeal disposed of: HC (See 'Breaking News')

TP - Captive service provider cannot be compared to giant company having huge brand value & ownership over IPR: ITAT (See 'Breaking News')

TP - Huge brand value & turnover backed by extraordinary events of acquisition during relevant year, calls for exclusion of such concern from list of comparables: ITAT (See 'Breaking News')

TP - Remand directed by Tribunal to safeguard assessee's interests, does not qualify as errors apparent on record: ITAT (See 'Breaking News')

Valuation under GST - Prioritising amendments - GST - An agenda for reforms - Part - 96 (See 'taxindiaonline.com')

Supply under GST - a loopy loop (See 'taxindiaonline.com')

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