ITAT Delhi held that income from subscription, professional and training services for use of software doesn’t fall within the definition of Fees for Technical Services (FTS) under India-Netherlands DTAA and hence cannot be taxed in India.
ITAT Mumbai held that disallowance of interest on unsecured loans unjustified as genuineness of loans and utilization of loan funds for business purpose not disputed and interest paid on open in balances of unsecured loan creditors.
Discover an eye-opening case study about a taxpayer’s experience with Section 133 (6) of Income Tax Act, 1961. Learn lessons on handling tax notices effectively.
Supreme Court decision: Criminal charges for late self-assessment tax payment to persist despite Vivad Se Vishwas Scheme approval. Get insights into the ruling.
The Supreme Court stays the service tax order against HDFC Bank related to renting of immovable property for commercial purposes. Get insights into the case.
Explore the case of Commissioner of Customs (Port) vs. B R Marbles Pvt Ltd (CESTAT Kolkata) where penalties and interest were waived due to court-ordered delays.
Explore the case of Alankit Imaginations Ltd vs. DCIT (ITAT Delhi), where penalties were challenged. Learn why a ‘non-cooperative attitude’ alone cannot justify penalties.
Unravel the complexities of Section 194A TDS on interest payments to Non-Banking Financial Companies (NBFCs). Explore the legal obligations, consequences of non-compliance, and the 10% tax deduction requirement.
Discover significance of Form MGT-8 in certifying annual returns under Companies Act, 2013. Learn about its requirements, penalties, and more.
Starting October 1, 2023, foreign OIDAR service providers will be liable to pay GST on services provided to individuals and government entities in India, regardless of usage.
