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Archive: 19 January 2024

Posts in 19 January 2024

Draft Central Motor Vehicles (Registration & Functions of Vehicle Scrapping Facility) Amendment Rules, 2024

January 19, 2024 1158 Views 0 comment Print

Explore the proposed amendments to Central Motor Vehicles Rules 1989 by the Ministry of Road Transport and Highways. Learn about changes in vehicle scrapping facility regulations and how it impacts stakeholders. Provide feedback to influence the final decision. Stay informed with our detailed analysis.

Delhi High Court Upholds 15% Attribution Rate for Travelport

January 19, 2024 789 Views 0 comment Print

Delhi HC upholds 15% attribution rate of revenue for Indian operations of Permanent Establishment based on gross booking by Travelport Global Distribution Systems B.V.

Delhi HC Upholds ITAT Order Excluding Comparables Due to Functional Dissimilarity

January 19, 2024 828 Views 0 comment Print

Delhi High Court upholds ITAT’s decision to exclude comparables Accentia, Eclerx, Mold-Tek, and TSR in the PCIT vs. Honeywell International transfer pricing case.

Reassessment must be based on new and substantive grounds: Delhi HC

January 19, 2024 2712 Views 0 comment Print

HC establishes a precedent reinforcing principle that reassessment must be based on new and substantive grounds, preventing arbitrary or unfounded reopening of assessments.

Formation of new districts in Madhya Pradesh – Assignment of Lead Bank Responsibility

January 19, 2024 1485 Views 0 comment Print

Discover the latest RBI announcement on lead bank assignments for newly formed districts in Madhya Pradesh, with detailed insights on Pandhurna and Maihar. Stay informed!

Notification No. 06/2024-Customs (N.T.) Dated: 19th January, 2024

January 19, 2024 4218 Views 0 comment Print

Explore the latest customs regulations with Notification 06/2024-Customs (N.T.) by the Ministry of Finance. Key changes effective from 1st March, 2024. Stay informed!

Notification No. 05/2024-Customs (N.T.) Dated 19th January, 2024 

January 19, 2024 2205 Views 0 comment Print

Explore the latest amendments to the Customs Act, 1962 by the Ministry of Finance. Effective from 29th February 2024, understand the regulatory updates and their impact.

Section 115-O Rate Applies for Additional Tax on Dividends to Non-Residents, Not DTAA Rate

January 19, 2024 1410 Views 0 comment Print

Explore Sennheiser Electronics India vs Circle – 4 case at ITAT Delhi. Section 115-O rate applies for additional tax on dividends to non-residents, not DTAA rate.

Delhi HC Grants revenue Liberty to Revive Appeal Against Amrapali Group

January 19, 2024 741 Views 0 comment Print

Delhi High Court grants revenue liberty to approach for revival of appeal against Amrapali Group. Full text of judgment/order available. ITA No. 646/2023.

Income Tax Notification No. 13/2024: Summoning Witnesses for Departmental Inquiry

January 19, 2024 2589 Views 0 comment Print

Explore Notification No. 13/2024 by the Ministry of Finance, Central Board of Direct Taxes. Learn about the summoning of witnesses for the departmental inquiry of Shri Sailendra Mamidi.

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