On Day 1 of arguments before Apex Court in the high stakes Colorcon case on the DDT - DTAA tax rate controversy, ASG N. Venkataraman stresses that Sec. 115 - O is a tax on 'distributed profits' and not a tax on dividend..>> https://t.co/K1QcHkw5mR
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Featuring Taxsutra Bestseller: Search and Search Assessment under the Income Tax Act, 2025!
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Madras HC allows Assessees’ writ appeals, holding that where an adverse order-in-original has been framed relying on statements of certain individuals, Assessees cannot be denied the opportunity of cross-examination..>> https://t.co/ECifERMWdJ
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Reservoir Pick of the Day!
"Black Money, Undisclosed Foreign Income & Assets Law & Practice" by Dr. Ravi Gupta & Dr. Arun Ahuja!
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Delhi ITAT holds that the Indian AE of the Assessee, namely, Expedia Online Travel Services India Private Limited does not constitute a Dependent Agent PE in India for the Assessee...
Read more >> https://t.co/nigQKVJ97v
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Kerala HC dismisses State of Kerala appeals, upholds the common judgment of the Single Judge in favour of Flipkart and Vector E-Commerce (operating Myntra), setting aside penalties imposed u/s 67 of the Kerala VAT Act..>> https://t.co/unAfTIhz4d
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Gujarat HC allows Assessee’s writ petition and quashes reassessment notice u/s 148 and consequential proceedings, holding that the Income Tax Officer was not the “Assessing Officer” within the meaning of Section 2(7A) ...> https://t.co/y4jyjnIv7d
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In a case involving the "true and correct method" of computing limitation u/s 153B of the Income-tax Act, 1961 read with the TOLA, Madras HC rules in favour of assessees, thereby reversing the Single Judge order >> https://t.co/vc2UuNT7nE
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Taxsutra & KGS Present Dhara #46 - Can Technology Value a Company? Where Automation Ends and Professional Judgement Begins!
Read the newsletter >> https://t.co/hfmG3Vcgvy
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Madras HC dismisses Assessee’s appeal, upholds ITAT order sustaining revisionary proceedings u/s 263, in respect of accrued interest embedded in zero-coupon debentures prematurely converted into equity shares in AY 2013-14 >> https://t.co/PKVgv2wpEy
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Reservoir Pick of the Day!
Madhukar Hiregange’s 'GST Judicial Precedents (2026 Edition)’!
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