Where assessee made payment of commission to non-residents outside India for procuring export orders, income of non-resident agents could not be considered to accrue or arise in India and therefore, there was no liability of assessee to deduct tax at source.
he submission of the assessee that she is just an investor and as she received some tips and she chose to invest based on these market tips and had taken a calculated risk and had gained in the process and that she is not party to the scam etc., has to be controverted by the revenue with evidence.
PCIT Vs Starflex Sealing India Pvt. Ltd (Bombay High Court) We are pained at this attitude on the part of the State to obtain orders of admission on pure questions of law by not pointing out that an identical question was considered by this Court earlier and dismissed by speaking order. This is not for the first time that […]
File No.01/61/180/39/AM19.PC-3 Government of India Ministry of Commerce-& Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhawan, New Delhi Trade Notice No. 33/2018 Dated: 20th September, 2018 To, 1. All Exporters/Members of Trade 2. All Regional Authorities of the Directorate General of Foreign Trade Subject: Activation of E-com module for SEIS, based on ANF 3B […]
These rules may be called the Companies (Appointment and Qualification of Directors) Sixth Amendment Rules, 2018. They shall come into force from the date of their publication in the Official Gazette.
(1) These rules may be called the Companies (Indian Accounting Standards) Second Amendment Rules, 2018. (2) They shall come into force on the date of their publication in the Official Gazette.
Hon’ble Supreme Court held that CBDT’s Office Memorandum (‘OM’) dated 29th February, 2016 & 31.07.2017 by which AO’s have been directed to grant stay of disputed demand on payment of 20%/ 15% does not fetter the power of the AO & CIT to grant stay on payment of amounts lesser than 15%/ 20%.
LG Electronics India Private Limited Vs PCIT (Delhi High Court) Mr. Deepak Chopra, learned counsel for the Petitioner, has produced before this Court a copy of OM dated 31st July, 2017 which modifies the earlier OM, dated 29th February, 2016, issued by the Central Board of Direct Taxes (‘CBDT’), stating that standard rate for grant of stay […]
Arun Jaitley* I had, in my blog dated 29th August, 2018 on the Rafale deal, exposed each one of the falsehood stated by the Congress Party. The campaign of falsehood is entirely led by the Congress President. His strategy is simple – concoct a lie and repeat it as many times. This, at least, provides […]
Customs Rate of Exchange of Foreign Currency Conversion wef 21.09.2018 notified vide Notification No. 81/2018 – Customs (N.T.) dated 20th September, 2018. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) Notification No. 81/2018–Customs (N.T.) New Delhi, dated the 20th September, 2018 29 Bhadrapada 1940 (SAKA) In exercise of the […]
