Judgement

High Court rules foreign company income cannot be taxed in shareholders’ hands without statutory backing.

Foreign Company Income Not Taxable in Shareholders’ Hands, HC Clarifies.

Foreign Company Income Not Taxable in Shareholders’ Hands, HC Clarifies

Two writ petitions were brought before the High Court challenging a substantial tax demand exceeding Rs. 7 crore.

Madhya Pradesh High Court quashes Rs. 7 Cr GST Demand for Lack of Proper Authorisation

News

Panacea Biotec Limited won its tax appeal as ITAT cancelled the Rs 9.16 crore demand and removed the disallowance under Section 14A of the Income Tax Act.

Panacea Biotec Wins Income Tax Case: Rs. 9.16 Cr Demand Cancelled

The tribunal held that the court or tribunal must follow the principles of substantial justice rather than technicalities.

Non-Service of Income Tax Notice, Ill health of taxpayer, ITAT condones Appeal filing delay

Bombay High Court holds Dividend Distribution Tax is company’s tax liability; treaty benefits for shareholders not applicable.

Indian company cannot invoke DTAA to apply lower tax rates than Dividend Distribution Tax: High Court

Articles

May 2026 was a critical compliance month covering April filings and quarterly Income Tax tasks. Proper tracking helped avoid interest, late fees, and penalties while ensuring timely completion of all obligations.

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Foreign Company Income Not Taxable in Shareholders’ Hands, HC Clarifies

Madhya Pradesh High Court quashes Rs. 7 Cr GST Demand for Lack of Proper Authorisation

Panacea Biotec Wins Income Tax Case: Rs. 9.16 Cr Demand Cancelled

Non-Service of Income Tax Notice, Ill health of taxpayer, ITAT condones Appeal filing delay

Indian company cannot invoke DTAA to apply lower tax rates than Dividend Distribution Tax: High Court

May 2026 Compliance Calendar With Complete Due Dates And Action Plan