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ANTI ABUSE PROVISION
'Redevelopment agreement not a property receipt, so not taxable': ITATMumbai ITAT ruled agreement registration does not mean property receipt. Tax cannot be levied on future property rights under anti-abuse pr...- India tightens Sri Lanka tax treaty with anti-abuse ruleIndia has amended its tax treaty with Sri Lanka to introduce a Principal Purpose Test (PPT), allowing authorities to deny treaty benefits w...
- Om Birla clears merger of six Shiv Sena (UBT) MPs with Shinde-led SenaLok Sabha Speaker Om Birla approved the merger of six Shiv Sena (UBT) MPs. These parliamentarians now formally join the Eknath Shinde-led S...
- Europe rolls out new migration system: Here's what you need to knowThe EU's new Pact on Migration and Asylum is now in effect, introducing mandatory screening for irregular arrivals and border asylum proced...
- How a pressure cooker's smell exposed a ganja dealer during Kerala Police raid, watch the viral videoPolice in Thrissur, Kerala, arrested a man after a drug raid. He attempted to hide ganja inside a pressure cooker filled with rice. The unu...
- Top cases on the United States Supreme Court's docketThe U.S. Supreme Court is reviewing significant cases. These cases cover voting rights, presidential authority, immigration policies, and g...
- CCI dismisses complaint against Emaar India over Marbella villa projectThe Competition Commission of India (CCI) has dismissed a complaint against Emaar India Ltd, alleging abuse of dominance and anti-competiti...
- Mauritius to amend DTAA with IndiaThe amendment, which is in sync with the ongoing global tax agreement, will discourage existing source-based tax exemptions claimed by the ...
- Competition Commission of India rejects complaint against proposed PVR-INOX dealCCI on Tuesday rejected a complaint against the proposed merger of multiplex chains PVR and INOX Leisure, saying apprehension of likelihood...
- Panasonic India companies' deal gets NCLT OKPanasonic had approached the NCLT for the amalgamation of a loss-making entity with a profit-making entity. The tax department had said tha...
- No intention to tax global income of NRIs in India, says FMIn order to avoid any misinterpretation, it is clarified that in case of an Indian citizen who becomes deemed resident of India under this ...
- GAAR to override bilateral tax treaty provisions: Revenue Secretary Hasmukh Adhia"GAAR being anti-abuse provision can prevail over treaty if it is proved that it is an abuse of treaty," Adhia said.
- Steps to avert treaty abuse makes treaty access more taxing!Tax treaties serve to reduce or eliminate double taxation which, if unrelieved, would be a significant barrier to cross-border trade and in...
- India signs DTAA with FijiIndia today signed a Double Taxation Avoidance Agreement (DTAA) with Fiji for the prevention of fiscal evasion with respect to taxes on inc...
- Cos can use legal financial structures to save tax: TribunalA division bench of the ITAT held that the finance structure used by the taxpayer had to be specifically prohibited for it to be illegal.
- India working on anti-abuse provisions in tax treatiesIndia is considering to plug loopholes in double tax avoidance treaties with other nations by introducing anti-abuse rules in the agreement...
- CCI not at odds with cost-efficient cartelsThe country’s newly formed competition regulator is unlikely to consider agreements among companies aimed at boosting efficiency as anti-co...
- Competition commission finally gets more teethThe govt has empowered the Competition Commission of India to take up cases against cos indulging in anti-competitive practices and abusing...
- New code set to help tax hounds keep at bayCompanies moving in through the Mauritius/Cyprus route to take advantage of concessional tax rates (under the double taxation avoidance agr...
- Hurdles ahead as govt wants to review taxation of non-residentsIn 2003, a task force appointed by the finance ministry recommended major reforms in the taxation of non-residents.
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