Broadcast companies not liable to pay TDS on Channel Placement Fees

ASIANET NEWS NETWORK P.LTD MUMBAI vs ASST CIT CIR 16(1) MUMBAI The Mumbai bench of the Income Tax Appellate Tribunal has held in the case of Asianet News Network vs. ACIT that channel placement fee paid by the broadcast company would not be liable to be disallowed u/s 40(a)(ia) as there is no obligation on … Continue reading Broadcast companies not liable to pay TDS on Channel Placement Fees

Revisional Jurisdiction cannot be exercised on issues which have not been covered in Reassessment

Gulab Badgujar (HUF) Thane vs Commissioner of Income-tax (Central) The Pune bench of the Income Tax Appellate Tribunal in the case of Gulab Badjugar vs. CIT has held that an issue which was not covered in the reassessment proceedings would not be available for readjudication under revisional jurisdiction. The Tribunal noted that once the re-assessment … Continue reading Revisional Jurisdiction cannot be exercised on issues which have not been covered in Reassessment

Judge analytics - NRA Iron and steel vs PCIT

Judge analytics – PCIT vs. NRA Iron and steel

While most people associate the practice of law with the highlight grabbing action in courts, a fundamental part of any successful case is the research done in the background. Research is usually considered a tedious process, with most people having to spend hours to arrive at an operative case or to uncover an insight that … Continue reading Judge analytics – PCIT vs. NRA Iron and steel

Forum Review: Authority for Advance Rulings

While most of the preliminary tax litigation in India is centred around the ITATs, the Authority for Advance Rulings (AAR) also plays in important role in resolving tax issues before they get a chance to hit proper litigation. It is an independent quasi-judicial body which can give give rulings on taxation queries presented by Non … Continue reading Forum Review: Authority for Advance Rulings

Vox Analytica Files : A Data Driven Look at Permanent Establishment

On June 6, 2018, the Authority for Advanced Rulings pronounced its decision in the case of MasterCard Asia Pte. Ltd. on the issue of whether there was a permanent establishment of the company in India or not. In a detailed judgment, the Authority ruled as follows: The setting up of Indian operations of MasterCard has … Continue reading Vox Analytica Files : A Data Driven Look at Permanent Establishment