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Final Assessment Made By AO After Expiry Of One Month Of Receiving Directions From Dispute Resolution Panel, Is Time Barred: Chennai ITAT - Vimarsana News

Final Assessment Made By AO After Expiry Of One Month Of Receiving Directions From Dispute Resolution Panel, Is Time Barred: Chennai ITAT

The Chennai ITAT recently held that the final assessment order dated Nov 21, 2017 passed after expiry of one month from the end of the month in which the DRP directions were received by the Revenue...

Source: livelaw.in
ITAT Ruling on Taxability of FTS, in absence of specific clause in DTAA - Vimarsana News

ITAT Ruling on Taxability of FTS, in absence of specific clause in DTAA

Learn about the tax dispute between Diamond Manufacturing Management and the Indian Revenue Authority, involving fees for technical collaboration and the absence of Permanent Establishment.

Source: taxguru.in
Delhi High Court Upholds ITAT's Decision On Selection Of Comparables For Determination Of Arm's Length Price Of An International Transaction - Vimarsana News

Delhi High Court Upholds ITAT's Decision On Selection Of Comparables For Determination Of Arm's Length Price Of An International Transaction

The Delhi High Court had upheld the decision of the Income Tax Appellate Tribunal (ITAT) on the selection of comparables for the determination of the arm’s length price of an international...

Source: livelaw.in
Subscription, professional and training services doesn't qualify as FTS under India-Netherland DTAA - Vimarsana News

Subscription, professional and training services doesn't qualify as FTS under India-Netherland DTAA

ITAT Delhi held that income from subscription, professional and training services for use of software doesn’t fall within the definition of Fees for Technical Services (FTS) under India-Netherlands DTAA and hence cannot be taxed in India.

Source: taxguru.in
Delhi High Court Deletes BLT Based AMP Adjustment For Yakult Danone For Non-Existence Of International Transaction - Vimarsana News

Delhi High Court Deletes BLT Based AMP Adjustment For Yakult Danone For Non-Existence Of International Transaction

The Delhi High Court has deleted the Bright Line Test (BLT)-based Advertising, Marketing, and Promotion (AMP) Adjustment for Yakult Danone for the non-existence of international transactions.The bench...

Source: livelaw.in