Judgement

The Tribunal held that sale of off-the-shelf software to Indian distributors did not create a dependent agent PE; income not taxable in India.

ITAT: Loan Write Off To Subsidiary Disallowed For Lack Of Commercial Prudence

ITAT held that sale of off-the-shelf software by Milestone Systems A/S to Indian distributors did not create a Dependent Agent PE under the India–Denmark DTAA, making the income non-taxable in India.

ITAT Says Software Licence Sales Not Taxable In Absence Of Permanent Establishment

Articles

Finance Minister outlines government actions like controlling food prices and cutting fuel taxes to shield citizens from rising global crude oil prices.

FM Nirmala Sitharaman Highlights Government Measures to Shield Citizens from Rising Fuel Costs

The Calcutta High Court upheld the GST notice but set aside the adjudication order for violating the mandatory personal hearing requirement under the West Bengal GST Act, 2017.

ITC Dispute: Calcutta HC Upholds SCN, Cancels Adjudication Order for Breach of Natural Justice

News

The audit conducted by BDO India LLP identified the alleged diversion of bank funds and transactions with related parties.

CBI Registers FIR Against Anil Ambani and Reliance Communications in Alleged Loan Diversion Case

The ROC imposed a penalty on the company and its director for issuing a private placement offer before filing the shareholders’ resolution with the ROC, in violation of the procedural requirements.

ROC Chennai Penalises Company and Its Director for Breach of Securities Allotment Rules

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