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![Foreign Law Firms Cannot Set up Office In India, Can Advice Clients On ‘Fly in and Fly Out’: Supreme Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/03/Foreign-Law-Firms-Taxscan.jpg "Foreign Law Firms Cannot Set up Office In India, Can Advice Clients On ‘Fly in and Fly Out’: Supreme Court [Read Judgment]")
Foreign Law Firms Cannot Set up Office In India, Can Advice Clients On ‘Fly in and Fly Out’: Supreme Court [Read Judgment]
In a significant ruling, the Supreme Court of India has ruled that foreign law firms cannot set up offices in India or practice in Indian Courts. A...
![Order of a Four-Member Appellate Authority constituted under Chartered Accountants Act is Valid: Delhi HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/03/Chartered-Accountants-Taxscan.jpg "Order of a Four-Member Appellate Authority constituted under Chartered Accountants Act is Valid: Delhi HC [Read Judgment]")
![Penalty won’t attract on Rejection of an Application under PMGK Scheme: Delhi HC allows an Income Tax Practitioner’s Plea [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/04/PMGKY-Scheme-Taxscan.jpg "Penalty won’t attract on Rejection of an Application under PMGK Scheme: Delhi HC allows an Income Tax Practitioner’s Plea [Read Judgment]")
Payment made for Channel Placement is not Royalty: Bombay HC deletes Sec 40(a)(i) Disallowance [Read Judgment]
The Bombay High Court in The Commissioner of Income Tax 11 v. NGC Networks (India) Pvt. Ltd ruled that disallowance under Section 40(a)(i) of the Income Tax Act can be made only if the Royalty falls...
![Payment made for Channel Placement is not Royalty: Bombay HC deletes Sec 40(a)(i) Disallowance [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/03/Channel-Placement-Bombay-High-Court-Taxscan.jpg "Payment made for Channel Placement is not Royalty: Bombay HC deletes Sec 40(a)(i) Disallowance [Read Judgment]")
CIT has no Power to Cancel or Withdraw 12A Registration until It is Expressly Granted u/s. 12AA(3): SC [Read Judgment]
While hearing the case of Industrial Infrastructure Development Corporation (Gwalior) M.P. Ltd, a two-judge bench of the Supreme Court categorically held that the Commissioner of Income Tax (CIT) has...
![CIT has no Power to Cancel or Withdraw 12A Registration until It is Expressly Granted u/s. 12AA(3): SC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/03/12A-Registration-Taxscan.jpg "CIT has no Power to Cancel or Withdraw 12A Registration until It is Expressly Granted u/s. 12AA(3): SC [Read Judgment]")
![Loss of Consumable Stock can be held as Accidental to Business: ITAT Allows Deduction [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/03/Consumable-Stock-Rasna-Taxscan.jpg "Loss of Consumable Stock can be held as Accidental to Business: ITAT Allows Deduction [Read Order]")
