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Sale Consideration of Software Products not Taxable as Royalty under Article 12 of India-Singapore DTAA: ITAT

Taxscan Team

The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has recently, while deciding an appeal filed before it, held that sale consideration of...

Industrial Safety Belt not exceeding Rs. 1000 sale value, taxable at 5% GST: AAR [Read Order]

Income Tax on Gold Holding: All You Need to Know

Maintenance Charges derived from Letting out Services taxable under the head ‘Income from Other...

Relief to Creative Travels Pvt Ltd, Amount expended for Tour Operations outside India is not...

Royalty Expenditure is Revenue in Nature, Taxable: ITAT [Read Order]

The Pune bench of the Income Tax Appellate Tribunal ( ITAT ) has recently while dismissing an appeal filed before it by the Revenue Department, held that royalty expenditure is revenue in nature and...

Goods manufactured in Prison, sold at Arm’s Length for consideration are Taxable: AAR [Read Order]

Goods manufactured in prison which are sold at arm’s length for consideration are taxable, the Authority of Advance Ruling (AAR) Uttar Pradesh has ruled as above. Superintendent Model J,...

Interest Income earned by enterprises in Other Jurisdictions is Taxable, if attributable to the PE: ITAT [Read Order]

In a ruling, in favour of Marubeni Corporation India Pvt. Ltd, the Mumbai bench of Income Tax Appellant Tribunal has held that Interest income earned by the enterprise in other jurisdictions is...

Excise Duty Subsidy / Excise Rollback is a Capital Receipt, not Taxable: ITAT [Read Order]

The Income Tax Appellate Tribunal, Delhi, has held that excise duty subsidy/ excise rollback is a capital receipt, not taxable. The assessee, M/s. Modern Papers is a proprietorship firm engaged in...

Grant of Interest under Arbitral Award for Delayed Payment of Consideration: Bombay HC holds Recipient of Service situated in Taxable Territory bear Liability of GST [Read Order]

The single bench of Bombay High Court presided by Mr. Justice B. P. Colabawalla in the issue ofgrant of interest under Arbitral Award for delayed payment of consideration has held that recipient of...

Off-Shore Distribution Income is not Taxable from the hands of Non-Resident who did not carry out business in India: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Mumbai bench consisting of Pramod Kumar, Vice President, and Sandeep Singh Karhail, Judicial Member held that Off-Shore Distribution Income is not Taxable...

‘Advance Ruling’ cannot be made for a person not registered with relevant State: AAR [Read Order]

The Telangana Authority for Advance Ruling (Telangana AAR), held that ‘Advance Ruling’ cannot be made for a person not registered in the State of Telangana. The members present were B. Raghu Kiran,...

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