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TII BREAKING NEWS
 
TP- Market value of power supplied by State Electricity Board to industrial consumers should be construed to be market value of electricity: ITAT
I-T- Re-assessment proceedings are invalidated, where no income has arisen or has accrued to assessee, in which case, no income has escaped assessment: ITAT
I-T-Re-assessment is invalid, where AO has no substantial evidence to show that taxable income escaped assessment - NO: ITAT
TP - Functional dissimilarity and extraordinary events call for exclusion of such comparable for purposes of comparison: HC
< More News >
 
TII SPECIAL Dec 11, 2023
 
Tax Crimes - Exchange of Information - CRS data need to include Fintech & Digital Wallets
By J B Mohapatra

INFORMATION exchange on a bilateral basis or through established multilateral conventions and protocols between and among jurisdictions, developed and sharpened over the years, are significant policy instruments to ensure transparency through efforts at nullifying regulatory arbitrage and amplifying detection probability. Legal and statutory instruments such as Double Tax

 
TII EDIT Feb 02, 2024
 
Tale of Charles Littlejohn, the man who leaked President Trump's tax returns
By D P Sengupta

ON 29h January, 2024, Washington Post, New York Times, and other news media outlets reported that one Charles Edward Littlejohn, a contractor with a firm working for the Internal Revenue Service, was sentenced by judge Ana C. Reyes of the District Court of Columbia, to five years of imprisonment for leaking

 
BULLETIN BOARD
 
New Delhi, Feb 07, 2024
CBDT notifies Tax Agreement with Govt of Samoa ...
New Delhi, Jan 31, 2024
CBDT notifies ITR-2...
New Delhi, Jan 24, 2024
Income-tax (First Amendment) Rules, 2024 - CBDT notifies income tax forms effective from A...
New Delhi, Jan 23, 2024
Circular explaining the provisions of the Finance Act, 2023 ...
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TII BRIEF
 
New Delhi, Feb 01, 2024
FDI inflow between 2014-23 stands at USD 596 bn...
New Delhi, Jan 17, 2024
India remains preferred investment destination at Davos...
Paris, Dec 14, 2023
G20 GDP inches up by 0.7% in Q3...
Paris, Dec 06, 2023
Energy crisis drives fall in tax levels in OECD countries ...
Paris, Nov 30, 2023
OECD expects modest rise in economic growth in 2025 ...
 
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