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NEWS FLASH
 
TP - If intra-group services utilized by assessee are supporting core activities of assessee, there is no infirmity in assessee adopting TNMM as most appropriate method: ITAT (See Breaking News) TP - Statutory procedure mandated u/s 144C can't be bypassed by merely mentioning name of assessee as amalgamated entity with its former name and name of amalgamating company: ITAT (See Breaking News) I-T - AO must examine if management fees is in nature of FTS or not, before making disallowance of payments made to overseas parties for services rendered by them, which did not have PE in India: ITAT (See Breaking News) Debt markets in Emerging economies grow to USD 3 trillion in 2024: OECD (See Brief) I-T - If necessary requirements to claim benefit of MFN clause does not get satisfied, no treaty benefit can be claimed on dividend income: ITAT (See Breaking News) I-T - Merely because AO has not given elaborate reasoning and findings, does not lead to conclusion that order of AO is erroneous for want of inquiry: ITAT (See Breaking News) TP - In absence of availability of price of electricity in open market, best alternative available with TPO is to benchmark transactions in accordance with computation of ALP as mentioned u/s 92C r.w. Rule 10B: ITAT (See Breaking News) The Trump Card (See TII Edit) TP - For those outstanding receivables that fall out of working capital adjustment pertaining to year under consideration, rate of interest to be charged must be LIBOR + 300 basis points: ITAT (See Breaking News) TP - Reduction for purchase price adjustment can only be done to cost of goods sold/operating cost and not to operating revenue: ITAT (See Breaking News) TP - Merely on assumption of robust research & development facility of assessee with regard to some products developed in India, compensation under technology transfer agreement with non-AE can't be distinguished: ITAT (See Breaking News)
 
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TII BREAKING NEWS
 
TP - If intra-group services utilized by assessee are supporting core activities of assessee, there is no infirmity in assessee adopting TNMM as most appropriate
TP - Statutory procedure mandated u/s 144C can't be bypassed by merely mentioning name of assessee as amalgamated entity with its former name and name
I-T - AO must examine if management fees is in nature of FTS or not, before making disallowance of payments made to overseas parties for
I-T - If necessary requirements to claim benefit of MFN clause does not get satisfied, no treaty benefit can be claimed on dividend income: ITAT
< More News >
 
TII SPECIAL Jun 24, 2024
 
A peep into Global Tax Reforms Architecture
By Pratap Singh, Principal CIT

 

THIS article aims to present an overview of the global tax reforms underway, exploring its challenges, key initiatives, and potential outcomes. It explores the importance of international cooperation under UN/G20/OECD, in addressing tax avoidance and ensuring that businesses contribute their fair share to the societies in which they operate.

 
TII EDIT Mar 20, 2025
 
The Trump Card
By D P Sengupta

 

IT is always entertaining to watch President Trump's interactions with the Press. He has his pet grievances and airs them repeatedly but he does not shy away from taking questions. The answers may, of course, veer off to something bizarre and different. As is by now well known, President Trump

 
BULLETIN BOARD
 
New Delhi, Feb 20, 2025
CBDT issues budget circular for TDS u/s 192...
New Delhi, Feb 18, 2025
Extension of due date for filing of Form No. 56F under the Income-tax Act, 1961...
New Delhi, Jan 21, 2025
Income-tax (First Amendment) Rules, 2025- CBDT amends rules for NRI-owned cruise ships ...
New Delhi, Jan 21, 2025
Guidance for application of the Principal Purpose Test (PPT) under India's Double Taxation...
< More News >
 
TII BRIEF
 
Paris, Mar 21, 2025
Debt markets in Emerging economies grow to USD 3 trillion in 2024: OECD ...
New Delhi, Mar 17, 2025
CBDT clarifies on application of PPT Provision under DTAAs ...
Paris, Feb 26, 2025
G20 merchandise trade slows down in Q4 of 2024 ...
Paris, Feb 11, 2025
Real household income grows by 0.2% in OECD in Q3 ...
New Delhi, Feb 01, 2025
Taxation of Capital gains on transfer of capital assets - Relief for FIIs...
 
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