Note: You must have access to Riverus Research Map for Income Tax to access the links in this article. Get your free 7-day access here, instantly! Introduction A partner who receives certain assets upon retirement from a firm would be keen to ensure that such assets do not attract capital gains tax. Read this article … Continue reading Taxation of proceeds in the hands of a retiring partner
Payment of fee for online subscription services not to be taxed as royalty
Note: You must have access to Riverus Research Map for Income Tax to access the links in this article. Email us at hello@riverus.in to try for free. Introduction The Bombay ITAT in its recent decision of Elsevier Information Systems GmbH v. Dy.Commissioner of Income Tax held that subscription fees paid to access an online database … Continue reading Payment of fee for online subscription services not to be taxed as royalty
Judge Spotlight: Justice Sripathi Ravindra Bhatt
Justice S. Ravindra Bhatt is one of the four judges elevated to the Supreme Court in the latest round of appointments. The elevation took place on September 23, 2019. Here is a brief background, experience, and insights on cases. Background Justice Bhatt completed his LLB from Delhi University and was enrolled in the bar in … Continue reading Judge Spotlight: Justice Sripathi Ravindra Bhatt
The Birth of Riverus
Small firms and solo practices offering legal, tax or accounting services face unique challenges in all countries. Some of these challenges are common across jurisdictions. These include operational challenges (e.g. matter management, invoicing, recovery, etc), challenges of branding and maintaining customer connect, availability of working capital debt, retaining talent, etc. Each one of these could … Continue reading The Birth of Riverus
Startups, Taxation, and Angel Tax
Startups in India qualify for a host of benefits including exemption from certain taxes. However, in order to qualify for such exemptions, a startup needs to be covered under the definition of an `eligible startup’ as per the Startup India Action Plan launched in 2016. Eligibility Startups need to meet the following criteria to be … Continue reading Startups, Taxation, and Angel Tax
Condonation of Delay: 6 Cases with Reason and Treatment
While the Indian justice system is infamous for its apathy, lack of urgency and efficiency, the Courts are not always to blame. Here are six cases where there was an inordinate delay in filing the appeal and the reasons given by the court in allowing or rejecting the condonation. One of the cases has a … Continue reading Condonation of Delay: 6 Cases with Reason and Treatment
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
To Appeal or To Writ?
High Court Terrain Income Tax is a field of law which sees one of the heaviest volumes of litigation in India. In order to extract the most relevant insights from a humongous data set like this, categorisation becomes a very important tool. We decided to categorise the tax litigation at the High Courts in India … Continue reading To Appeal or To Writ?
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
Litigation Review : 2018
2018 was a busy year in the field of tax litigation, with almost 20,000 cases being disposed of across forums. The volume of litigation took a slight dip compared to earlier years in view of the Tax Effect circular issued by the CBDT on 11 July, 2018 which prescribed higher monetary limits for appeals filed … Continue reading Litigation Review : 2018