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NEWS FLASH
 
President Trump and the BEPS world (See 'TII EDIT') TP - For benchmarking purposes, a product development company cannot be compared with a software development company: ITAT (See 'Breaking News') TP - If an assessee has exported to various non-AE clients, in that case export price paid to such non-AEs can be considered as an internal comparable price: ITAT (See 'Breaking News') I-T - In Event Of No Appearances And Promotions Actually Been Carried Out By Assessee, No Addition Can Be Made On Notional Basis : ITAT (See 'Breaking News') I-T - Payment Made For Imported Goods Unfit For Human Consumption And No Commercial Value Cannot Be Taxed As FTS: ITAT (See 'Breaking News') TP - For benchmarking, company possessing high brand value cannot be considered as valid comparable for captive unit: ITAT (See 'Breaking News') I-T - If assessee has initiated MAP, its on-going appeal proceedings of Department in that context become infructuous: ITAT (See 'Breaking News') I-T - Compensation paid to highly qualified technicians is to be treated as FTS when they would not get any right of continuous employment: ITAT (See 'Breaking News') I-T - Interest paid by Indian bank branch to foreign HO bank is to be considered as payment to self on which no TDS is applicable: ITAT (See 'Breaking News') TP - No disallowance u/s 14A when investment made by assessee does not yield tax exempt income: HC (See 'Breaking News') TP - No disallowance can be made with respect to claim made u/s 10AA, when it is not proposed by AO in draft assessment order u/s 144C: HC (See 'Breaking News') India-UK DTAA - PE - SC reserves decision in Formula One World Championship case India-Korea DTAA - Applications for bilateral APA can be filed: CBDT (See 'TII Brief')
 
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TII BREAKING NEWS
 
TP - For benchmarking purposes, product development company cannot be compared with software development company: ITAT
TP - If an assessee has exported to various non-AE clients, in that case export price paid to such non-AEs can be considered as an
I-T - In event of no appearances and promotions actually been carried out by assessee, no addition can be made on notional basis : ITAT
I-T - Payment made for imported goods unfit for human consumption and no commercial value cannot be taxed as FTS: ITAT
< More News >
 
TII SPECIAL Mar 08, 2017
 
World needs new GDP forecast norms to reduce economic uncertainty
By Naresh Minocha

THE computation of gross domestic product (GDP) has come under fresh, intense scrutiny. Stakeholders across the world are pitching for improvement in its quality & reliability.

The four major factors propelling the urge for GDP reform are: 1) persisting uncertainty over global recovery, 2) new developments in globalization of manufacturing and services,3) widespread perception &

 
TII EDIT Mar 22, 2017
 
President Trump and the BEPS world
By D P Sengupta

PRESIDENT Donald Trump is in office for some time now. Yet, very little is known about his tax policy. All that one knows from various commentators is that the American tax system is broken and needs fixing. We certainly know that the international tax system that is largely USA driven is broken. It is

 
BULLETIN BOARD
 
Mumbai, Mar 22, 2017
Risk Management and Inter-bank Dealings: Operational flexibility for Indian subsidiaries o...
New Delhi, Feb 27, 2017
CBDT invites applications for Director / DS in FT & TR division...
New Delhi, Feb 23, 2017
Clarification for determination of Place of Effective Management (POEM) of a company, oth...
New Delhi, Feb 21, 2017
Govt notifies all provisions of protocol amending India Israel DTAA...
< More News >
 
TII BRIEF
 
New Delhi, Mar 18, 2017
MCAA for CbC - 57 tax jurisdictions sign pact ...
New Delhi, Mar 17, 2017
India-Korea DTAA - Applications for bilateral APA can be filed: CBDT...
Paris, Mar 17, 2017
International tax cooperation on the rise: OECD ...
New Delhi, Mar 11, 2017
Combating Black money menace - Renegotiation of DTAAs to continue: Minister ...
New Delhi, Mar 09, 2017
Protocol signed to amend India-Belgium DTAA ...
 
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