In this section, you would find past updates on Tax rulings / Tax events in India. For newer updates to keep you posted on the recent developments, please check-out our Tax Tracker.

Supreme Court Ponders over Ponds (September 2015)

Expert Committee report on MAT levy: A case of closing the lid or opening up a Pandora’s box.. (September 2015)

Diamonds and Tax controversies are forever – Bombay HC ruling on 115JB (August 2015)

Penalty for claiming Tax holiday benefit for interest income upheld (August 2015)

TDS not applicable on Inter-connect charges for Roaming:  Chennai ITAT (July 2015)

No escape from Tax withholding requirement for Year end provisions: Tax Tribunal (July 2015)

Delhi Tribunal sets out TP Adjustment formula for late realization of sales (July 2015)

Supreme Court settles long-standing dispute on Taxation of foreign service providers to the Oil & Gas sector (July 2015)

Section 10(38) exemption no bar for claiming Loss from sale of equity shares for set-off

Tax Tribunal can stay demand beyond 365 days if the delay in Appeal not on account of Taxpayer : Delhi HC (May 2015)

Constitutional Validity of Section 234E upheld by the Bombay High Court  (February 2015)

Tax Tribunal dis-locates Revenue’s stand on Transfer Pricing Adjustment for ‘location savings’ (February 2015)

234B Interest levy not to apply when tax was “deductible” at source : Delhi HC (February 2015)

Return Filing deadline extended for Tax audit cases; 234A Interest to apply (September 2014) 

Bombay HC: Commercial Space restriction on 80-IB Housing projects is linked to project approval; to apply prospectively (September 2014)

Extend Return filing deadline with interest levy: Gujrat High Court to CBDT (September 2014)

Surcharge on Block assessment Not retrospective: Constitution Bench of SC overrules earlier ruling of Division Bench (September 2014)

Revenue’s improvised attacks on Mauritius Treaty and layered Transaction Structure thwarted by Delhi High Court (September 2014)

CBDT cracks the whip on Tax officials “to adhere to schedule of appointments with Taxpayers” (August 2014)

Delhi High court ‘looks at’ Compulsorily Convertible Debenture (‘CCD’) instruments with put option; allows capital gains tax relief (August 2014)

LG’s case – Revenue opens a new attack on the PE front (August 2014)

The Taxman comes clicking! LinkedIn profile of employees admissible as evidence to determine PE issue: Tax Tribunal (August 2014)

Superannuation contributions under Defined benefit model of contribution not taxable: AAR (July 2014)

TDS non-compliance- Relief from Dis-allowance (July 2014)