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NEWS FLASH
 
TP - In transfer pricing matters, it is not sufficient for ITAT to determine ALP without referring to & applying relevant statutory framework & guidelines: HC (See Breaking News) TP - If no default is noticed by TPO regarding non-maintenance of information u/s 92D r/w Rule 10D, then AO can't impose penalty u/s 271AA for non-maintenance of documents prescribed u/s 92D r/w Rule 10D: ITAT (See Breaking News) TP - TPO shall grant working capital adjustment and any other proportionate adjustment that would materially affect margin computation for purposes of comparability analysis: ITAT (See Breaking News) DTAA - Delivery charges received by assessee where directly connected to its international air transportation business be considered part of its profits derived from such transportation; hence not taxable in India: ITAT (See Breaking News) INTL - Additions framed u/s 69 not tenable where link between remittance & assessee's business income is sufficiently explained: ITAT (See Breaking News) I-T - Reopening can't be sustained, if AO had acted under dictation of his superiors and had issued notice to reopen assessment without himself having reason to believe that income had indeed escaped assessment: HC (See Breaking News) TP - Extended credit period or credit allowed over and above agreed period shall be considered as separate international transaction which would be required to be benchmarked: ITAT (See Breaking News) TP - If there is no link between overdue outstanding receivable and extended credit period allowed to AEs, then both are separate international transaction and shall be benchmarked separately: ITAT (See Breaking News) I-T - If assessee was granted certificate at nil withholding tax for prior A.Ys and there is no issue to chargeability of assessee's income to tax, then certificate requiring withholding tax at reduced rate instead of nil rate, can't be sustained: HC (See Breaking News) I-T - TDS provisions u/s 40(a)(i) are not exigible in respect of reinsurance premium paid to overseas entities: ITAT (See Breaking News) TP- Principles of natural justice are contravened where CIT(A) fails to adjudicate a matter on merits: ITAT (See Breaking News) I-T- Tax rates as prescribed under DTAA would embed education cess as well: ITAT (See Breaking News) I-T - If payments are not in regard to royalty or FTS under I-T Act, then also, in respect of non-treaty countries, payments on account of bandwidth charges to non-residents are not subject to TDS provisions: ITAT (See Breaking News) I-T - Appropriate authority for issuance of reopening notices u/s 148A(d) would be as per section 151 of new regime: ITAT (See Breaking News) DTAA - Tax Residency Certificate cannot be denied based on presumption or conjecture alone & without any substantial evidence to prove claims of tax fraud or sham transaction: ITAT (See Breaking News) TP - No tax can be levied on notional income which was determined on basis of transactions which are not technically international transaction: ITAT (See Breaking News) INTL - Book entries, auditor's certificates, and invoices are per se sufficient to substantiate claim of material loss in transit; direct or circumstantial evidence needed to corroborate claims: ITAT (See Breaking News)
 
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TII BREAKING NEWS
 
Mumbai, Apr 10, 2025 By TII News Service
TP - In transfer pricing matters, it is not sufficient for ITAT to determine ALP without referring to & applying relevant statutory framework & guidelines:
Ahmedabad, Apr 10, 2025 By TII News Service
TP - If no default is noticed by TPO regarding non-maintenance of information u/s 92D r/w Rule 10D, then AO can't impose penalty u/s 271AA
Mumbai, Apr 10, 2025 By TII News Service
https://taxindiainternational.com/case_lawDesc.php?qwer43fcxzt=MTQ3MTg=
New Delhi, Apr 08, 2025 By TII News Service
DTAA - Delivery charges received by assessee where directly connected to its international air transportation business be considered part of its profits derived from such
< 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.
 
View Previous Column >>
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
 
View Previous Column >>
BULLETIN BOARD
 
New Delhi, Mar 28, 2025
Order under section 119 of the Income-tax Act, 1961 for waiver on levy of interest under s...
New Delhi, Mar 27, 2025
CBDT amends rules to prescribe new Form 26Q & 27Q...
New Delhi, Mar 25, 2025
CBDT amends rules to expand scope of safe harbour rule ...
New Delhi, Feb 20, 2025
CBDT issues budget circular for TDS u/s 192...
< More News >
 
TII BRIEF
 
New Delhi, Mar 31, 2025
CBDT makes record; inks 174 APAs in current fiscal...
New Delhi, Mar 26, 2025
CBDT expands scope of safe harbour rules ...
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 ...
 
More News >>
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