Direct Tax : Bombay HC dismisses Revenue’s appeal, upholds ITAT’s exclusion of 4 comparables on grounds of functional dissimilarity, abnormal… Read More
DirectTax : SC dismisses Revenue’s SLP challenging Delhi HC judgement in case of Central Warehousing Corporation (‘assessee’); HC had held… Read More
Direct Tax : ITAT deletes TP-adjustment, upholds TNMM over TPO’s CPM as MAM for benchmarking export transaction for Himalaya Drug… Read More
A joint venture is a tactical partnership where two or more people or companies agree to put in goods, services,… Read More
FOR GST GSTR-3B (Jun 2018)-Jul 20th, 2018 GSTR-5 (Jun 2018)-Jul 20th, 2018 GSTR-6 (Jul'17 - Jun'18)- Jul 31st, 2018 GSTR-4 (Apr-Jun,… Read More
Direct Tax: Mumbai ITAT rejects applicability of TDS u/s 195 on payment of advertisement expenses and professional and consultancy fees… Read More
Direct Tax: It is a fundamental rule of law of taxation that, unless otherwise expressly provided, income cannot… Read More
The Reserve Bank of India issued guidelines for prepaid payment instruments (PPI) such as closed, semi-closed, and open wallets. According… Read More
Money laundering is the process by which large amounts of illegally obtained is given the appearance of having originated from a… Read More
The Union Cabinet on Wednesday approved the Arbitration and Conciliation (Amendment) Bill, which seeks to establish an independent body to… Read More