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NEWS FLASH
 
I-T - Internal allocation of expenditure by one branch/head office to another branch of same enterprise cannot be disallowed u/s 40(a)(i) in absence of payment so as to trigger Sec 195: ITAT (See Breaking News) I-T - Non-obstante clause u/s 144C(13) does not exclude operation of Sec 153 as whole: ITAT (See Breaking News) Industrial dole-outs reach a new peak since global financial crisis: OECD (See TII Brief) I-T - Time limit prescribed u/s 153 has to be adhered to and both Section 144C and 153 are mutually inclusive and interdependent: ITAT (See Breaking News) I-T - Presence of notwithstanding clause in Section 144C(13) would not exclude operation of Section 153: ITAT (See Breaking News) I-T - Receipts from sale of Renewable Energy Certificates are capital receipts and are not taxable as revenue income: ITAT (See Breaking News) TP - Section 94B applies only when debt is from non-resident AE and no corresponding restriction exists for resident AE borrowings: ITAT (See Breaking News) TP - Functional dissimilarity, turnover filter, and abnormal profit calls for exclusion of comparable: ITAT (See Breaking News) TP - TPO cannot question commercial expediency once expenditure is shown to have been incurred for business purposes; assessee must nevertheless establish that services were indeed rendered: ITAT (See Breaking News) TP - Comparables selected in previous assessment years need to be included in current year as well, in identical facts & circumstances: ITAT (See Breaking News) TP - Adjustment on account of interest paid on NCDs cannot be made by ignoring internal CUP: ITAT (See Breaking News)
 
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TII BREAKING NEWS
 
I-T - Internal allocation of expenditure by one branch/head office to another branch of same enterprise cannot be disallowed u/s 40(a)(i) in absence of payment
I-T - Non-obstante clause u/s 144C(13) does not exclude operation of Sec 153 as whole: ITAT
I-T - Time limit prescribed u/s 153 has to be adhered to and both Section 144C and 153 are mutually inclusive and interdependent: ITAT
I-T - Presence of notwithstanding clause in Section 144C(13) would not exclude operation of Section 153: ITAT
< More News >
 
TII SPECIAL May 26, 2026
 
The Great Unchaining: Can India Escape China's Supply-Chain Grip?
By Dr Joshua Ebenezer

 

An analytical perspective on Decrees 834 and 835, geo-economic warfare, and what India must do next.

THE age of tariff wars was, in retrospect, almost quaint. When nations disagreed, they raised duties, filed WTO complaints, waited years for panels, and occasionally retaliated with counter-measures. The architecture of dispute was

 
TII EDIT May 25, 2026
 
India-Brazil revamped tax treaty
By D P Sengupta

INDIA and Brazil, both are original founder members of the BRIC grouping that subsequently became BRICS with the addition of South Africa and currently comprises Brazil, China, Egypt, Ethiopia, India, Indonesia, Iran, Russia, South Africa and UAE as full members. (BRICS+). Many see the grouping as a counter weight to

 
BULLETIN BOARD
 
New Delhi, Mar 05, 2026
Income Tax Amendment Rules 2026 notified; definition for central bank digital currencies i...
New Delhi, Jan 06, 2026
CBDT notifies certain pension funds u/s 10(23FE...
New Delhi, Nov 10, 2025
CBDT notifies protocol amending DTAA between India and Belgium...
New Delhi, Nov 06, 2025
I-T - ALP u/s 92C - CBDT notifies connotation of ‘wholesale trading’ in international ...
< More News >
 
TII BRIEF
 
Paris, Jun 01, 2026
Industrial dole-outs reach a new peak since global financial crisis: OECD ...
Paris, May 26, 2026
G20 goods trade rises sharply in Q1 ...
New Delhi, May 14, 2026
Real household income grows in Q4 in OECD area ...
Paris, Mar 17, 2026
G20 economic growth tapers down to 0.7% in Q4 ...
Paris, Feb 25, 2026
Services trade expands modesty in Q4 of OECD Area ...
 
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