Page 9 - Resolution Panel News Today

ITAT Delhi held that as there is no copyright on live events, the license fees for live and non-live transmission right cannot be taxed as royaty in terms of section 9(1)(vi) of the Income Tax Act. Accordingly, addition deleted.

The National Faceless Assessment Centre (NFAC), along with other centres and units, have been established by the Central Board of Direct Taxes (CBDT). The NFAC is in charge of conducting an assessment of your income-tax returns if they are picked up in scrutiny.

ITAT Delhi held that that the departmental authorities cannot question the validity of Tax Residency Certificate. Once the assessee holds a valid TRC, it proves the residential status of the assessee as resident of Mauritius, hence, it will be eligible to treaty benefits.

The Indian tax office has requested that hearings related to contentious transfer pricing and international taxation cases be adjourned until a ruling is given by the Supreme Court. If the top court upholds a ruling by either the Bombay High Court or earlier Chennai High Court order, a number of tax matters currently before the Dispute Resolution Panel would become time-barred under tax law, meaning the tax office would be unable to recover any tax from these claims.

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ViewSonic Unveils OMNI VX28 Series 180 Hz Gaming Monitors with Triple Certified Anti-Tearing Technology on Amazon Prime Day

The Bombay High Court has granted the benefit of the India-Singapore Double Tax Avoidance Agreement (DTAA) to the e-commerce platform Alibaba Singapore.The bench of Justice K.R. Shriram and Justice...

From tariffs on dairy and solar products to rules of origin for automobiles, the three parties to the United States-Mexico-Canada Agreement ("USMCA") have disagreed on a variety of issues since the agreement...

From tariffs on dairy and solar products to rules of origin for automobiles, the three parties to the United States-Mexico-Canada Agreement (“USMCA”) have disagreed on a variety of...

Netflixs Indian PE received about Rs 55 crore in income in the assessment year 2021-22, according to the draft order. According to the tax authorities, Netflix was on secondment in India to support its streaming services, resulting in a PE and tax liability here, the report added.