No TP Adjustment on Brand Royalty: ITAT Follows Precedent in Vodafone Case
No TP Adjustment on Brand Royalty: ITAT Follows Precedent in Vodafone Case The Delhi Bench of the Income Tax…
Month: October 2025
Key Restrictions on Cash Transactions under the Income-tax Act, 1961
Key Restrictions on Cash Transactions under the Income-tax Act, 1961 1. Section 40A(3) – Disallowance of Cash Expenditure Any…
ITR Date Extension: The Great Indian Waiting Game
ITR Date Extension: The Great Indian Waiting Game It’s that time of the year again — when coffee turns…
Bareboat Charter Payments to AE Held at Arm’s Length When Key Functions and Risks Lie with Indian JV
Bareboat Charter Payments to AE Held at Arm’s Length When Key Functions and Risks Lie with Indian JV Mumbai ITAT…
Failure to Grant Cross-Examination in Bogus Purchase Cases – Bombay High Court Upholds Relief, Restricts Addition to 15%
Failure to Grant Cross-Examination in Bogus Purchase Cases – Bombay High Court Upholds Relief, Restricts Addition to 15% Pr.…
CBDT Extends Due Dates for Audit & ITR Filing
CBDT Extends Due Dates for Audit & ITR Filing CBDT has officially extended key due dates for Assessment Year…
CBDT Empowers CIT (CPC), Bengaluru with Concurrent Powers for Rectification:
CBDT Empowers CIT (CPC), Bengaluru with Concurrent Powers for Rectification: Notification No. 155/2025 | Dated: October 27, 2025 Introduction:…
Guide on TDS Compliance on payment to Non-Resident: All about TDS return filing after payment
Guide on TDS Compliance on payment to Non-Resident: All about TDS return filing after payment When TDS is deducted…
Extension of time lines for filing of CRA -4 till Dec 31
Extension of time lines for filing of CRA -4 till Dec 31 The copy of the Circular is as…
Prosecution under Section 276C(2) Unsustainable When Entire Tax Paid Before Filing of Complaint
Prosecution under Section 276C(2) Unsustainable When Entire Tax Paid Before Filing of Complaint Madras High Court in G Square…
Bogus purchases addition under section 69 C rws 115 BBE
Bogus purchases addition under section 69 C rws 115 BBE Jain Brothers v. NFAC, New Delhi-ITAT Delhi – ITA…
Significant Economic Presence (SEP) under the Income-tax Act, 2025
Significant Economic Presence (SEP) under the Income-tax Act, 2025 Introduction: 1. The concept of Significant Economic Presence (SEP) is…
Infosys Buyback – A Lesson in Evolving Tax Laws
Infosys Buyback – A Lesson in Evolving Tax Laws No matter how smart or profitable a transaction looks, if tax…
ITR Date Extension: The Great Indian Waiting Game
ITR Date Extension: The Great Indian Waiting Game It’s that time of the year again — when coffee turns into…
No Capital Gain Tax if Sale Agreement Was Cancelled and Land Reverted Back to Assessee: Supreme Court
No Capital Gain Tax if Sale Agreement Was Cancelled and Land Reverted Back to Assessee: Supreme Court In a…
When Charity Meets Commerce: Taxation of Community-Based Charitable Trusts Under the Income Tax Act, 1961
When Charity Meets Commerce: Taxation of Community-Based Charitable Trusts Under the Income Tax Act, 1961 Introduction In India, charity…
SC Upholds the ITC benefit of VAT Credit to genuine purchaser even if tax not paid by the Supplier
SC Upholds the ITC benefit of VAT Credit to genuine purchaser even if tax not paid by the Supplier …
From Section 115QA to Deemed Dividend: How the new Buyback provisions favour foreign investors?
From Section 115QA to Deemed Dividend: How the new Buyback provisions favour foreign investors? Buyback under earlier provisions: 1. …
