Supreme Court decides taxability of interest income on Bank FDs of Clubs; Illuminates Ratio Decidendi
“A decision in a case takes its flavour from the facts of the case and the question of law involved and decided.”
Taxability
Issuance of Bonus Share and its Taxability
by Kartik Sharma†
Whether supply of hostel accommodation along with food is a composite supply? GST AAAR Rajasthan elucidates
Rajasthan Appellate Authority for Advance Ruling: The Bench of Pramod Kumar Singh, Member (Central Tax) and Ravi Jain, Member (State Tax) while
Amounts paid by Indian companies to non-resident manufacturers/suppliers for resale/use of the computer software not royalty, hence, not taxable in India: Supreme Court [Read detailed report]
DTAA provisions must be treated as law and followed by Indian courts, notwithstanding what may be contained in the Income Tax Act to the contrary, unless more beneficial to the assessee.
ITAT | “Legal fees paid to a partnership firm of lawyers can indeed be subjected to levy of tax under Art. 12 of Indo-Japanese Tax Treaty”; Foreign Tax Credit allowed under the treaty
Income Tax Appellate Tribunal (ITAT), Mumbai: The Bench of Pramod Kumar (Vice President) and Pavan Kumar Gadale (Judicial Member) allows Foreign Tax Credit
CBDT | Taxability of income earned by a non-resident investor from off-shore investments through an Alternate Investment Fund
In the context of Alternate Investment Funds (AIFs), references have been made to the Central Board of Direct Taxes (the Board) seeking