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I-T - Additional claim for treaty relief u/s 90 cannot be admitted for first time before Tribunal if its determination depends on mandatory factual verification: ITAT (See Breaking News) TP - Comparables must satisfy filters adopted for benchmarking, including RPT threshold, functional comparability, availability of segmental data, and trading sales filter: ITAT (See Breaking News) I-T - Round-trip voyage constitutes carriage of passengers within meaning of Sec 44B: SC (See Breaking News) TP - Omission of clause (i) of Sec 92BA by Finance Act, 2017, without any saving clause, renders it retrospectively inoperative from date of its original introduction: ITAT (See Breaking News) I-T - Reassessment notice is invalid if recorded reasons are founded on incorrect facts, especially when AO states that information was received under DTAA for years in respect of which such exchange of information was not legally available: ITAT (See Breaking News) INTL - Mere signing or generation of an order does not amount to its issuance & that dispatch is a sine qua non for a valid order: ITAT (See Breaking News) TP - Turnover filter adopted by TPO cannot be applied mechanically to exclude otherwise functionally comparable company if deviation from threshold is only marginal: ITAT (See Breaking News) TP - Date of uploading DRP directions on ITBA portal & its electronic communication via email, constitutes date of receipt by AO for computing limitation u/s 144C(13): ITAT (See Breaking News) TP - Entities engaged in retail trade and aftermarket service possess fundamentally different functional and market profiles compared to a wholesale trader supplying to OEMs in which case they cannot be adopted as comparables : ITAT (See Breaking News) I-T - Assessment order passed in name of non-existent entity, despite Revenue having been informed of its dissolution through amalgamation, is void ab initio: ITAT (See Breaking News)
 
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Taxindiainternational.com (“TII”), established on April 23, 2010, is a dedicated portal on international taxation. TII was launched in response to the changing landscape of taxation in India. It happens to be the FIRST comprehensive and exhaustive online resource for the taxpayers and also tax authorities looking for well-arranged resource on Transfer Pricing, Double Taxation Tax Treaties, FDI, FEMA, PMLA, BIPA, NRI and Visa guidelines for various categories of expatriates employed in India by MNEs. 

TII is a sister portal of India’s most prestigious and popular taxation and trade portal Taxindiaonline.com (TIOL). In about to be nine years, TII has carved a niche for its quality, speed and authenticity among domestic as well as international users. It has earned the respect and confidence of many global experts of international taxation. It is a highly reliable resource for the various fora of the Indian judiciary. Its citations are frequently used by the courts in their decisions. Its well-researched articles are regularly referred to by the policy makers in India. Its recommendations are generally respected by the Ministry of Finance in India.

TII has a huge subscriber-base cutting across users community ranging from Foreign Taxation Division in the CBDT, Directorate of Transfer Pricing & International Taxation to advocates, law firms, MNEs, domestic companies and research organisations. It has an enviable team of in-house experts and Consulting Editors who keep an eye on the global trend and keep sensitising the policy makers on the future trends of transforming fiscal world.

Consulting Editor


Mr. D.P. Sengupta: Mr Sengupta, a former member of the IRS, retired as Chief Commissioner of Income Tax after more than 33 years of distinguished service. Before that he had a highly satisfying stint as Joint Secretary in the Tax Policy and Legislation division of the Central Board of Direct Taxes.He also served as Joint Secretary in the Foreign Taxation Division of the Ministry of Finance. He was the Competent Authority for India and represented India in the WP1 of the OECD. He is a well known international taxation expert and spoke at various international tax conferences.

CEO & Managing Editor

Shailendra Kumar, founder and CEO of TIOL started his career with The Indian Express Newspaper in 1990 and then moved to The Economic Times where he worked for more than five years before taking the entrepreneurial route to launch TIOL, an idea based on a business need which he realized as a financial journalist. His vision was to create a knowledge-driven company; which eased the burden on corporations and which acted as a media watchdog for Indian tax and trade policies. He spearheads the business in all of its facets, including regular interactions with various policy makers and administrators, and managing the editorial and news gathering team at TII. He is the recipient of the 2001 Outstanding Media Professional Award presented by the India International Professionals Forum.

 
 
 
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