Taxation of Mutual Fund Gains Under India-Singapore DTAA: In a significant ruling, the Mumbai ITAT held that capital gains earned by a non-resident (Singapore tax resident) from the sale/redemption of ...

Tax Transparency is definitely a solution because tax avoidance by using the method of “Double Irish and Dutch Sandwich Strategy” has impacted globally. “The Double Irish with a Dutch Sandwich” is a ...

Audit fee provisions are not allowable unless they meet the test of accrual & crystallization. Prior period payments can be allowed, but only if reflected clearly in the books. This ruling reinforces ...

ACIT, addressed the classification of one-time nominal membership and share transfer fees as either capital or revenue receipts. The issue pertained to the Assessment Year 2017–18, during which the ...

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On the other hand, the respondents, represented by the Senior Government Pleader and Standing Counsel, maintained that the validity of invoking the extended limitation period is a matter of factual ...

In the matter of Sheikh Mohammad Yousuf vs Union Territory of J&K and Ors., the petitioner challenged two separate orders issued by the Sales Tax Officer, Anantnag, which cancelled his GST ...

In the case of Abha Saraf vs Union of India, the Patna High Court dismissed the petition challenging the issuance of an income tax notice under Section 148 of the Income Tax Act, 1961. The petitioners ...

This order, dated April 11, 2025, addresses an appeal filed by charitable Trust against the Commissioner of Income Tax (Exemption), Pune’s decision to reject their application for registration under ...

However, the Patna High Court distinguished this case, noting that the AO had recorded detailed reasons and that the Commissioner’s written satisfaction referenced those reasons. It ruled that while ...

Summary: This editorial outlines the annual compliance obligations for Deemed Public Limited Companies under the Companies Act, 2013, updated through March 2025. A company is considered “Deemed Public ...

Delhi High Court recently addressed a petition filed by Ishita Varshney Jain challenging notices issued against her under Section 153C of the Income Tax Act, 1961. The notices, dated October 18, 2023, ...