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ANTI ABUSE PROVISIONS
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...
The US is tightening H-1B visas. Its economy may pay the priceA wave of legislative proposals in Washington targets the H-1B visa program and the broader immigration pipeline for skilled workers. Bills...
CCI dismisses complaint against Adani Group entities in solar power tender caseIndia's antitrust regulator has dismissed a complaint against Adani group entities and others. The Competition Commission of India found no...
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 ...
Competition Commission dismisses complaint against e-retailersRejecting the complaint, Competition Commission of India also said it appears allegations are regarding abuse of collective/ group dominanc...
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...
- Cos can use legal financial structures to save tax: Tribunal
A 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 treaties
India 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 cartels
The 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 bay
Companies moving in through the Mauritius/Cyprus route to take advantage of concessional tax rates (under the double taxation avoidance agr...
- Fairplay probe may cover whole family
The competition regulator will soon get powers to go beyond the conduct of individual companies and examine the activities of all the subsi...
- Hurdles ahead as govt wants to review taxation of non-residents
In 2003, a task force appointed by the finance ministry recommended major reforms in the taxation of non-residents.