The Supreme Court upheld the order of the Competition Commission of India (CCI), which dismissed complaints alleging cartelization and anti-competitive practices by cab aggregators Uber and Ola. The Informant, Samir Agarwal alleged that due to

The Exim Bank has invited applications for the post of Management Trainee(Corporate Loans & Advances/Project Trade/ Lines of Credit/Internal Credit Audit/Risk Management/Compliance/Treasury and Accounts) and Management Trainee (Law). The Export-Import Bank of India, an all-India

The Customs, Excises, Service Taxes Appellate Tribunal (CESTAT) held that one year period of limitation prescribed under Customs Act applicable for Special Additional Duty (SAD) refund. The respondent, S.R. Traders imported and cleared the goods

The Institute of Chartered Accountants of India ( ICAI ) has opened the Representative Office in Srinagar. The Institute of Chartered Accountants of India (ICAI), set up by an Act of Parliament to regulate the

The Delhi High Court directed the authority to issue Certificate for deduction at lower rates to British Airways. The Petitioner, British Airways PLC is a foreign company, incorporated under the laws of the United Kingdom

The Income Tax Appellate Tribunal (ITAT), Mumbai Bench held that  an assessment order cannot be termed as “erroneous” unless it is not in accordance with law. The assessee, Versova Shanti Co.op. Housing Soc. Ltd. was

The Income Tax Appellate Tribunal (ITAT), New Delhi Bench held that the Advertisement, Marketing and Promotion (AMP) of  Samsung India cannot be considered as an international transaction. The assessee company, Samsung India is engaged in

The Vice President of India, Shri M. Venkaiah Naidu today appealed to the Finance Commissions and local bodies to encourage green buildings through various measures including tax incentives. He also wanted all states to create

The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench held that the Unusual price rise/ fall in the shares of a company cannot be a basis to draw an inference that capital loss generated is bogus.

The Income Tax Appellate Tribunal (ITAT), New Delhi Bench held that the Advertisement, Marketing and Promotion (AMP) of Nikon India can’t be considered as an international transaction. The assessee, Nikon India is a wholly-owned subsidiary

The Income Tax Appellate Tribunal (ITAT), Calcutta Bench held that the society registered outside India is not eligible for Income Tax Exemption. The assessee, M/s. Evangelical Missionary Society Mission House is a missionary society that

The Delhi High Court directed the Transfer Pricing Officer (TPO) to determine the existence of an international transaction between the Yum Restaurants and its AE involving Advertisement, Marketing and Promotion (AMP) expenses. The petitioner, Yum

The Income Tax Appellate Tribunal (ITAT), Bangalore Bench directed AO to adjudicate the matter of Wipro GE Healthcare in respect of transfer pricing addition. The Assessee, Wipro GE Healthcare Pvt. Ltd. is a joint venture

The Customs, Excise, Service Tax Appellate Tribunal (CESTAT), Delhi Bench held that service tax is not applicable on additional interest recovered from customers against delayed payment of monthly instalments. The appellant, M/s. Rohan Motors Limited

The Income Tax Appellate Tribunal (ITAT), Bangalore Bench stayed the recovery of outstanding tax arrears to the tune of Rs.1260.56 Crores against Google India. Originally the stay was granted by the Tribunal for a period