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TAX DISPUTES
BRICS should work together on transfer pricing as disputes burden developing nations: FMFinance Minister Nirmala Sitharaman emphasized the need for BRICS nations to improve collaboration on international taxation. She proposed ...- Cinematographic film not IT software under GST: HC; quashes Rs 79 cr tax demand on Karan Johar firmsBombay High Court maintained that a cinematographic film is not IT software under GST law regardless of its method of delivery. The court s...
- Will gives you property rights, but what next? Know these 7 steps to transfer ownership and secure possessionA Will plays a crucial role in outlining how assets will be allocated following an individual's death, which can lead to family disputes if...
- Banks rethink UPI play; Big Tech's AI pivot dents Indian ITHappy Wednesday! The return of MDR on UPI is pushing banks to rethink products and budgets. This and more in today’s ETtech Morning Dispatc...
- Spinny books IPO ride; UPI subsidies may endSpinny has confidentially filed for its initial public offering. This and more in today’s ETtech Top 5.
- Rs 14.42 lakh Belgium salary of IT pro triggered tax demand in India after Form 67 was missed; ITAT Bangalore gives reliefEmployee with Rs 14.42 lakh salary pays Rs 4.53 lakh income tax in Belgium and asks for credit under the India-Belgium DTAA; Income Tax Dep...
- India fastest-growing economy, but taxation and rules can deter investment: JPMorgan CEO Jamie DimonJPMorgan Chase CEO Jamie Dimon praised India's strong economic growth. He noted that inconsistent taxation and rule application deter forei...
- In 2010, a family clearing an ordinary London-area home found an 18th-century Chinese vase in the attic; it later stunned the auction world at £53 millionIn 2010, a family clearing an ordinary London-area home found an 18th-century Chinese vase in the attic; it later stunned the auction world...
- 5 Bangalore landowners formed a partnership firm to develop property, received income tax notice for undisclosed rental income; won relief in ITAT for this reasonBangalore landowners get relief from undisclosed rental income tax notice after proving in ITAT that their partnership firm received the re...
- In 2021, Tyler and Wendy Chambers bought 66 acres for their dream home in Washington; 5 years later, they still haven’t built it after nearly $300,000 in costs and a 44-acre disputeA Washington man's plan for a family home on sixty-six acres became a costly dispute. Excavation and environmental studies led to significa...
- Shapoorji Pallonji welcomes RBI decision on Tata Sons listing; seeks closer ties with Tata TrustsThe Reserve Bank of India has set expectations for Tata Sons to meet its listing criteria. Shapoorji Pallonji Mistry welcomed the decision,...
- Tata Trusts puts Rs 25,000 cr SP Group liquidity plan before Tata Sons boardTata Trusts Chairman Noel Tata presented a proposal to monetize Shapoorji Pallonji Group's Tata Sons stake. This plan aims to generate sign...
- SC to hear Centre’s plea against HC ruling on income tax reassessmentThe Supreme Court will hear a government appeal on Friday. This appeal challenges a High Court judgment striking down Section 147A. This se...
- No more tax wishlists? FM Sitharaman asks experts to make the case for what should goFinance Minister Nirmala Sitharaman urged tax professionals and industry bodies to move beyond demands for exemptions and rate cuts, asking...
- Connaught Place restaurant charged Rs 80 extra as service fee without asking; GST was added on that charge too; CCPA orders it to pay Rs 10,000CCPA fined a restaurant in Connaught Place Rs 10,000 for automatically adding an Rs 80 service charge to a customer's food bill and applyin...
- Student gets Rs 18.34 lakh stipend from university and pays no income tax; gets notice from Income Tax Department; she wins the case in ITAT Delhi for this reasonStudent gets Rs 18.34 lakh stipend from university for PG studies and pays no tax; Tax dept sent notice; She wins case in ITAT Delhi; Know ...
- Delhi HC quashes seven ITAT orders in Patanjali case, flags 'shocking' procedural lapses and undue hasteThe Delhi High Court has quashed seven orders passed by the Income Tax Appellate Tribunal (ITAT) in a batch of cross-appeals involving Pata...
- Rs 6.42 lakh travel expense disallowed as business expenditure over use of wife’s credit card; businessman contests tax order, wins relief in ITAT MumbaiRs 6.42 lakh foreign travel expenditure disallowed from business income as businessman used wife’s credit card to pay for it; ITAT Mumbai g...
- Gym told members paying Rs 15,000 can train at any branch, denied access when moved to another city; franchise ordered to pay Rs 19,400A gym member who paid Rs 15,500 expecting nationwide access to training was denied entry at a franchise branch in another city after reloca...
- Rs 1.17 crore interest income of minor child: Father faces Rs 12.83 lakh penalty; ITAT Delhi cancels itSatbeer Singh Godara, judicial member and Amitabh Shukla, accountant member of ITAT Delhi, in a recent judgement ruled that a father can’t ...
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