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TAX DISPUTES
CBDT MAPs out rules for foreign taxpayersIndian tax authorities cannot alter a BAR decision on the merits of a case through international negotiations. Instead, they will seek corr...- Chinese man gets a 2BHK flat for Rs 155 after placing the highest bid first in an online auction, plans to spend winter holidays there2BHK flat for Rs 155: A Chinese shopper has bought a 732 sq ft, two-bedroom apartment for just Rs 155 during the Double 11 shopping festiva...
- Jointly owning property to save tax? Why married couples must also plan for ownership and inheritanceCouples should focus on establishing shared ownership of assets and developing a continuity plan to access these in case of emergencies. It...
- Tata Power says no provision needed for $650 million Kleros AwardTata Power Company is currently not planning any financial provisions despite an adverse ruling from a Singapore court. The company believe...
- Chinese companies providing overseas services to Indian subsidiaries may escape tax: ITATIn a landmark decision, the Delhi Income Tax Appellate Tribunal has determined that Chinese firms offering services from overseas are not l...
- India holds Pernod, Diageo Scotch shipments as investigators seek 150% tariffIndian customs has detained dozens of containers of bulk Scotch imported by Pernod Ricard and Diageo, seeking a 150% tariff instead of the ...
- Succession planning: When a family breaks up, how does the business survive?If the next generation wants to preserve the family business bot not necessarily together, here’s how they can execute the split without im...
- A Minnesota county sold a woman's condo for $40,000 over a $15,000 tax debt and kept the rest; what did the US Supreme Court say?Notably, the original tax bill was around $2,300. But, after interest and penalties, the debt was increased to around $15,000. Hennepin Cou...
- Farmer bought land at less than stamp duty value, got income tax notice; How DVO report helped him win Rs 18.24 lakh tax dispute in ITAT SuratMr. Desai, encountered difficulties with the Income Tax Department after purchasing land for a price less than the stamp duty value. The In...
- Budget 2027–28: ASSOCHAM calls for tax reforms to boost investment, manufacturing, ease of doing business and tax certaintyASSOCHAM has called for a series of Direct and Indirect Tax reforms in the Union Budget 2027–28 to boost investment, strengthen domestic ma...
- CBDT issues new clarification on BSNL-MTNL VRS-2019 compensation: Will it affect retirees' income tax benefits?The CBDT issued a notification clarifying that ex-gratia compensation for BSNL and MTNL VRS-2019 is not retrenchment compensation. This com...
- SC says 1974 ruling on states' power to levy additional sales tax continues to holdThe Supreme Court held that a previous ruling from 1974 regarding additional sales tax remains applicable today. It determined that the leg...
- Cancelled flight ticket? GSTAT says airlines can refund GST to passengers and claim it back from the governmentTaxpayer wins GST refund denial case after depositing GST on airline ticket with the govt and later refunding the GST back to passengers du...
- A 65-year-old fence sparked a fight over 5.13 acres in Kansas; what happened and why did the neighbours go to court?The fence reportedly did not follow the actual legal property boundary. Around 5.13 acres of land, forming a triangular patch, lay between ...
- $700 million tax bill vs $4.15 million image: The court case that saved Michael Jackson’s heirsA US Tax Court judge has determined that Michael Jackson's name, image, and likeness are worth $4.15 million. This valuation is considerabl...
- A used Honda Civic: Why did Michael Jackson's estate claim his image was worth $2,105 in its fight with the IRS?The issue was all about how much Jackson's name, image, and likeness rights were worth when he died. Jackson's estate initially valued his ...
- Why Paris Jackson is seeking $600 million from Michael Jackson’s estate nearly 17 years after his deathParis Jackson has filed a petition for a $600 million transfer to the Michael Jackson Family Trust. She claims that the estate's executors ...
- ₹16 lakh jewellery, ₹3.88 lakh cash treated as unexplained income; here’s why the taxpayer wins at ITAT HyderabadIn a significant ruling, the Hyderabad ITAT absolves Mr Chintakunta of tax additions regarding unexplained cash and jewellery found during ...
- GST decriminalisation decisions set benchmark for trust-based governance: CIIThe Confederation of Indian Industry praised the GST Council's recent decisions aimed at decriminalising certain offences. The Council reco...
- India, Volkswagen clash in court over record $1.2 billion tax disputeIndia defended its record $1.2 billion tax demand against Volkswagen in a Mumbai court on Thursday, saying the German company never provide...
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