Delhi High Court held that the consideration received in terms of Strategic Oversight Services Agreements (SOSA) cannot be termed as Royalty under Article 12 of the DTAA even if extensive services are rendered which includes access to written knowledge, processes, and commercial information in furtherance of the services.
Explore complexities of PMLA bail conditions, their impact on accused, and constitutional concerns. A comprehensive analysis sheds light on legal developments.
Explore the Ministry of Finance’s latest circular (No. 200/12/2023-GST) dated August 1, 2023, offering vital insights on GST rates and classifications for various goods. Get clarity on key changes.
Dive into comprehensive analysis of recent RBI circular (RBI/2023-24/108) on hedging foreign exchange risk. Explore key changes, regulatory framework, and implications for authorized entities.
Explore allowance of unutilized MAT credit transfer in company amalgamation. Understand legal provisions, judicial precedents, and implications for amalgamated company.
ITAT Ahmedabad held that an appellate authority can exercise the power u/s. 251(1)(a) to enhance the assessment only after giving a notice for enhancement. Accordingly, enhancement by CIT(A) without issuance of notice is untenable in law.
Explore responses to stakeholder comments on proposed PFRDA amendments, focusing on grievance redressal. Clarifications on NPST role, filing procedures, and jurisdiction outlined.
Explore the ambiguity of Trust provisions under the Income Tax Act highlighted by Chartered Accountants Association Surat (CAAS). Read their representation and demand for resolution.
Explore the CESTAT Delhi ruling on the levy of Clean Energy Cess on coal closing stock as of June 30, 2017, its implications, and the decisive factors involved.
Directorate of Enforcement cannot sit over the seized assets, and the failure to release them is a violation of Section 132B of the Income Tax Act, 1961, applicable under Section 37(3) of FEMA, 1999. Harish Forex Services Pvt. Limited Vs Assistant Director Of Enforcement (Rajasthan High Court)
