News

This "reverse flip" is advantageous for companies like Flipkart to better align with Indian regulations, increase their valuation, and signal trust in the domestic market.

Flipkart Relocates Domicile to India to Align with Local Regulations and IPO Plans

Judgement

ITAT held that where the AO accepted a registered valuer’s FMV after examination, the order cannot be revised under Section 263 merely because the PCIT believes a DVO reference should have been made.

Tribunal Sets Aside Section 263 Revision, Where AO Examined Valuation

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.

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Flipkart Relocates Domicile to India to Align with Local Regulations and IPO Plans

Tribunal Sets Aside Section 263 Revision, Where AO Examined Valuation

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

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

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

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