Tenet Tax Daily June 13 2016
FTS paid to NR was taxable in India as payer’s source of income from such services was in India
Sum received for rendering composite service of managerial and technical nature can’t be taxed without segregation
Tenet Tax Daily June 09 2016
Assessee gets interest on refund arising due to foreign tax credit
Tenet Tax Daily June 06 2016
Sum paid to foreign entities to download photographs from their websites won’t be treated as Royalty
Tenet Tax Daily June 02 2016
Transactions being import/inter-State trade and goods being used only in works contract, would be exempt under Delhi VAT
Tenet Tax Daily May 31 2016
Loan advanced to AE couldn’t be said to be for non-business purpose if assessee and its AE were in same business
Tenet Tax Daily May 24 2016
Sum received for supplying of data without making available any technology for its use won’t be taxed as royalty
Tenet Tax Daily May 19 2016
Fee for service which is inextricably linked to sale isn’t treated as fee for included services under Indo-US DTAA
Tenet Tax Daily May 18 2016
TP adjustment set aside as footwear sold from old stock by ‘Adidas’ were treated to be from new stock by TPO
Tenet Tax Daily May 17 2016
No penalty for non-maintenance of TP docs if assessee furnished updated margins of earlier comparables
Tenet Tax Daily May 14 2016
Amendment made to sec. 40(a)(ia) by Finance Act, 2012 should be applicable retrospectively w.e.f 1/4/2005: ITAT
Tenet Tax Daily May 11 2016
Benefit of India-UK DTAA can’t be denied to a UK based partnership firm
Tenet Tax Daily May 10 2016
Purchase of technical data for AE couldn’t be treated as rendering of technical services
Tenet Tax Daily April 30 2016
No action could be taken against foreign parent Co. by issuing notices to its Indian group Co.
Tenet Tax Daily April 28 2016
Services rendered by NR sub-arrangers to mobilise funds outside India are not ‘FTS’: Bombay HC
Tenet Tax Daily April 22 2016
Failure to apply correct TP method attracts concealment penalty
Tenet Tax Daily April 21 2016
Effect of amendment to the Act can’t be given to DTAA unless corresponding amendment is also made to DTAA
Tenet Tax Daily April 20 2016
Placement agency services couldn’t be treated as ‘FTS’ under article 12 of India-US DTAA
Tenet Tax Daily April 19 2016