Friday , January 27, 2012 |   02:42:01 IST
 
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NEWS FLASH
 
India signs up for Convention on Mutual Administrative Assistance in Tax Matters (See 'TII Brief') Latin America advised to consider tax reforms for better growth (See 'TII Brief') India-Canada DTAA - Whether sec 263 is intended to plug leakage to Revenue by erroneous orders passed by lower authorities whether by mistake or in ignorance or even by design (See 'TII Breaking News') Global Confidence Index on slide: WEF (See 'TII Brief') Angola to introduce new TP regime (See 'TII Brief') I-T - Whether when in original assessment A.O has not decided issue of requirement of deduction of tax at source, reopening assessment would amount to permitting A.O to change his opinion - Whether when on very day that A.O recorded reasons based on decision of Karnatka HC in Samsung Electronics, said decision was overturned by SC, A.O could have reason to believe that based on decision, income of assessee had escaped assessment (See 'TII Breaking News') Global economy needs 600 mn jobs to sustain growth over next decade: ILO (See 'TII Brief') TP - Whether adjustment on account of transfer pricing should be restricted to the international transactions only or whether the same could also be extended to the entire turnover IMF, ICC express dire need for action to curb financial crisis (See 'TII Brief') Investment climate on low due to tardy tax reforms (See 'TII Brief') Vodafone Verdict: Whether in cases of treaty-shopping and / or tax avoidance there is any conflict between McDowell and Azadi Bachao - Whether in case of strategic FDI, onus is on Revenue to identify scheme and its dominant purpose - Whether a Legal Fiction can be expanded by giving purposive interpretation if the result of such interpretation is to transform the concept of chargeability - Whether Sec 9(1)(i) can be extended to cover indirect transfer of capital asset situate in India - Whether, to ascertain the legal nature of a transaction, the Revenue has to look at the entire transaction holistically and not to adopt a dissecting approach (See 'TII Breaking News') India-Sweden DTAA - Whether when there is no outright transfer of knowhow and the foreign company retains all rights therein and Indian company is given only limited right to use the knowhow, the amount received by the foreign company will represent royalty under the DTAA (See 'TII Breaking News') Republican presidential candidate Mitt Romney in tax soup (See 'TII Brief') Employment rate stable at 8.2% in Nov. 2011 : OECD (See 'TII Brief')
 
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TII BREAKING NEWS
 
I-T - Whether service of notice under Section 143(2) of the Act within the statutory time limit is mandatory or merely a procedural requirement - ....
I-T - Whether service of notice under Section 143(2) of the Act within the statutory time limit is mandatory or merely a procedural requirement (See ....
India-Canada & India-Thailand DTAAs - Whether sec 263 is intended to plug leakage to the revenue by erroneous orders passed by lower authorities whether by ....
I-T - Whether when in original assessment A.O has not decided issue of requirement of deduction of tax at source, reopening assessment would amount ....
< More News >
 
TII EXCLUSIVE Jan 02, 2012
 
Yes, there will be a tax in the DPRK
By Laurence E Lipsher
DURING the first half of November, I was part of a ‘mission' to North Korea. This was a ‘special' sort of mission, as business meetings were definitely part of the agenda and I, for one, recognized that this was indeed a unique opportunity for myself to visit a place not visited by many – ....
 
TII EDIT Jan 02, 2012
 
Renegotiated India-Switzerland DTAA - No Fishing Expedition Allowed
By D P Sengupta
THE much-awaited amendment to the India-Switzerland tax treaty has finally been notified by the FTD on the 27 th December 2011. The Protocol amends the existing treaty and the accompanying protocol. Although the contents of the treaty were available in the Western media much earlier, in India, people outside the tax administration do not ....
 
TII SPECIAL Jan 03, 2012
 
India-China Fiscal Matrix Hinges on Fertilizer Trade
By Naresh Minocha
TAXATION of exports such as fertilizers, coal, crude oil and food by one country can impact fiscal deficit of the importing countries. This correlation exists due to the subsidization of fertilizers, electricity, petroleum products and food by many countries.

The ....

 
TII BRIEF
 
Paris, Jan 27, 2012
India signs up for Convention on Mutual Administrative Assistance in Tax Matters ...
Chile, Jan 27, 2012
Latin America advised to consider tax reforms for better growth...
Geneva, Jan 25, 2012
Global Confidence Index on slide: WEF ...
Luanda, Jan 25, 2012
Angola to introduce new TP regime ...
New York, Jan 24, 2012
Global economy needs 600 mn jobs to sustain growth over next decade: ILO...
 
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