The Bombay High Court held that only the royalty retained after an APA adjustment is taxable, applying the doctrine of real income. It also ruled that the Indian subsidiary did not constitute a Permanent Establishment under the India-US DTAA.
The article explains how the GSTAT held that a mere mismatch between GSTR-1 and GSTR-3B is insufficient to invoke Section 74 without evidence of fraud or suppression. It also outlines practical steps for responding to mismatch notices.
This guide explains when audited financial statements of overseas entities are mandatory for APR filing under the Overseas Investment Regulations. It highlights the role of control, host-country auditors, and common AD Bank compliance requirements.
Incorporation of a Private Limited Company in India by Foreign Nationals and NRIs – A Technical Analysis of the Companies Act Framework, FDI Entry Routes, SPICe+ Mechanics, and Post- Incorporation FEMA Obligations 1. Introduction The incorporation of an Indian Private Limited Company by a Non-Resident Indian (NRI), Overseas Citizen of India (OCI), or foreign national […]
The article explains why the Supreme Court’s dismissal of the Revenue’s SLP does not conclusively settle the GST treatment of leasehold rights assignments. It highlights the continuing statutory conflict and the likelihood of future litigation.
This guide compares the Old and New Tax Regimes, explaining differences in deductions, exemptions, home loan benefits, and standard deductions. It emphasizes that taxpayers should compare both regimes before filing their income tax return.
Learn how to match the right financing option with your business needs instead of choosing the wrong loan. The guide explains term loans, working capital, equipment finance, invoice discounting, TReDS, and MUDRA loans.
The Supreme Court held that the Service Code permitted representation only through a union or association of the Bank of Cochin’s employees or, with permission, by a lawyer. Denial of representation by an office-bearer of another bank’s union did not invalidate the disciplinary proceedings.
CESTAT Chennai held that construction of educational institutions up to 30 June 2012 was not taxable as the Department failed to prove the buildings were primarily for commerce or industry. The demand for that period was accordingly set aside.
The Tribunal held that a reassessment order making no new additions does not merge with the original assessment so as to permit challenge to issues accepted earlier. The original disallowance remained unaffected.
