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NEWS FLASH
 
DTAA -Lliability to withhold tax u/s 195 does not arise where services in question did not involve making available of technology, knowledge, or experience to Assessee: HC (See Breaking News) TP - Turnover filter is relevant criteria for choosing companies as comparables in determining ALP in Transfer Pricing cases: ITAT (See Breaking News) TP- Without holding that prior approval u/s 153D is vitiated & also erroneous so far as prejudicial to interest of Revenue, such assessment order independently cannot be held to be erroneous or prejudicial to interest of Revenue: ITAT (See Breaking News) TP - Commission on deferred guarantee issued by bank is chargeable to tax as and when deferred guarantee is issued and commission is received: ITAT (See Breaking News) DTAA - Provisions of DTAA prevail over provisions of I-T Act: ITAT (See Breaking News) DTAA - Provisions of Section 206AA, which mandate a higher TDS rate for non-furnishing of PAN, do not apply to payments made to non-resident service providers under DTAA: ITAT (See Breaking News) I-T - Gain or loss as to export sales from hedging transaction, depends upon rate on date of realisation: ITAT (See Breaking News) I-T - Receipts towards interconnectivity usage charges cannot be treated as FTS: ITAT (See Breaking News) DTAA - Certain payments cannot be deemed to be royalty, considering that make available requirement was not satisfied & where no technical knowledge or skill is provided on recurring basis: ITAT (See Breaking News)
 
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TII BREAKING NEWS
 
DTAA -Lliability to withhold tax u/s 195 does not arise where services in question did not involve making available of technology, knowledge, or experience to
TP - Turnover filter is relevant criteria for choosing companies as comparables in determining ALP in Transfer Pricing cases: ITAT
TP- Without holding that prior approval u/s 153D is vitiated & also erroneous so far as prejudicial to interest of Revenue, such assessment order independently
TP - Commission on deferred guarantee issued by bank is chargeable to tax as and when deferred guarantee is issued and commission is received: 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 Nov 30, 2024
 
'Budget of Labour' by female Chancellor in 800 years - A peep into contours of provisions
By D P Sengupta

2024 was the year of elections and barring a few exceptions almost everywhere the elections were for change and it was thus that the Labour party came back to power in the UK after a long gap of 15 years. Incidentally, the Labour Party's manifesto was appropriately named - Change.

 
BULLETIN BOARD
 
New Delhi, Nov 04, 2024
Order under section 119(1) of the Income-tax Act, 1961 fixing monetary limits of the incom...
New Delhi, Oct 30, 2024
Condonation of delay under clause (b) of sub-section (2) of section 119 of the Income-tax ...
New Delhi, Oct 26, 2024
Extension of due date for furnishing return of income for the Assessment Year 2024-25...
New Delhi, Oct 15, 2024
Guidance Note 1/2024 on provisions of the Direct Tax Vivad se Vishwas Scheme, 2024...
< More News >
 
TII BRIEF
 
Paris, Oct 29, 2024
Better design of tobacco taxation needed to reduce consumption in Latin America: OECD ...
Paris, Oct 01, 2024
Declining trend of taxation is now staging a reversal: OECD...
Paris, Sep 25, 2024
Global economy turning corner as growth remains resilient: OECD ...
Paris, Sep 20, 2024
9 tax jurisdictions ink new treaty to implement Pillar 2 ...
Paris, Sep 17, 2024
Pillar 1- Multilateral tax treaty to be signed on Thursday ...
 
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