CIT Vs Sinochem India co. Pvt. Ltd. (ITAT Delhi) The purchase of intellectual property rights by the assess are not disputed. Consideration paid is also not disputed. The nature and character of the intellectual property rights, as noticed in the order passed by the Commissioner of Income Tax (Appeals), are again not disputed. The intellectual […]
It was clear that despite knowing the fact that Managing Director (MD) was not allowed under the CWA Act, the Respondent had accepted the position of MD and also protecting the same.
Kind attention is drawn to Circular No. 52/2017 dated 22.12.2017 whereby the Board had prescribed the procedure for facilitating and monitoring transshipment of consignments sealed under ECTS at ICDs/CFSs and destined for export to Nepal or Bangladesh.
CBIC Seeks to further amend the third proviso to Notification. No. 50/2017-Customs, dated 30th June, 2017 and to delay implementation of retaliatory duties till 2nd Nov 2018 vide Notification No. 62/2018-Customs Dated 17th September, 2018
Import Policy of Long Pepper revised from Prohibited to Free and Minimum Import Price (MIP) is not applicable on Long Pepper vide Notification No.33/2015-2020, Dated: 17 September, 2018.
Interest payable by an Indian company or a business trust to a non-resident, including a foreign company, in respect of rupee denominated bond issued outside India before the 1st of July, 2020 is liable for concessional rate of tax of five percent.
INTRODUCTION The Competition Commission of India’s handling of mergers in recent times is surreptiously paving the way for Monopolies in Indian markets. The justification behind allowing mergers to take place is to promote economic efficiency using competition as means for creating a market responsive to consumer preferences. Consumer Welfare Approach (CWA) falls in line with […]
There has, in the past, been a general distrust of Government schemes. The principal reason for this is that either the benefits don’t reach the targeted or that the projected parameters are never achieved. However, there are schemes with a difference. The Swachh Bharat Abhiyan is arguably the most successful one. Swachh Bharat Abhiyan When […]
1. Department or establishment of the Central govt. or State govt. A department is composed of employed officials, known as civil servants, and is politically accountable through a minister.
Any inclusion or exclusion of comparables per se cannot be treated as a question of law unless it is demonstrated to the Court that the Tribunal or any other lower authority took into account irrelevant consideration or excluded relevant factors in the ALP determination that impact significantly.
