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TP – If comparable is already accepted by TPO and such acceptance is upheld by CIT (A), then Revenue cannot seek its exclusion on ground that it is functionally not comparable: ITAT (See Breaking News) I-T - Buy-back amounted to transfer of shares within same corporate group and qualified as corporate reorganization under Article 13(5) of Indo Netherland Treaty: ITAT (See Breaking News) I-T – If borrowed funds are used for expansion or extension of business, including through acquisition of entity in same line of business, interest may be allowable u/s 36(1)(iii): ITAT (See Breaking News) I-T - Sections 144C and 153 are mutually inclusive and period of limitation for passing final assessment order u/s 144C(13) has to be determined with reference to sec 144C r/w/s 153: ITAT (See Breaking News) DTAA - Benefit of FTC u/s 90 r/w applicable DTAA cannot be denied merely on account of delay in filing Form 67 when taxes have actually been paid abroad: ITAT (See Breaking News) I-T - Sections 144C & 153 are inter-dependent; overall time limit prescribed u/s 153 applies to completion of entire assessment, including DRP proceedings & passing of final assessment order: ITAT (See Breaking News) I-T - Time-limit prescribed u/s 153 has to be adhered to and both Section 144C and 153 are mutually inclusive & interdependent: ITAT (See Breaking News) I-T - If notice issued by AO u/s 148 is barred by limitation as per mandate of ‘first proviso' to Sec 149, consequential assessment order passed on basis of same u/s 147 r.w.s 144 is to be quashed: ITAT (See Breaking News) DTAA - Collating & providing access to information already available in public domain databases relating to properties situated in US does not entail transfer of specialised commercial experiece, know-how or technical expertise; fee received therefor not Royalty: ITAT (See Breaking News) DTAA - Income from technical handling services is not taxable in India as it is covered under Art 8(2) r/w Art 8(1) of Indo France Treaty: ITAT (See Breaking News) Real household income grows in Q4 in OECD area (See TII Brief) TP - Amortization of goodwill arising out of merger & acquisition is extraordinary, non-recurring item not arising from normal business operations; cannot be treated as an operating expense for computation ofprofit level indicator: 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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