Tag: Income Tax

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Whether International Transactions With Non-Korean AEs Similar To MAP Covered Korean AE: ITAT Remit Back TP Adjustment To TPO

The Income Tax Appellate Tribunal, Chennai, remitted back the Transfer Pricing adjustment to Transfer Pricing Officer while stating that whether international transactions with Non-Korean...

Temple Not In Same State As It Was Prior To Demolition Is A Matter Of Genuine Hardship: Karnataka High Court Condones Delay In Filing...

The Karnataka High Court has condoned the delay in filing the return by the petitioner, Sri. Muthu Mariayamma Devasthana Trust. The court noted that the...

Foreign Tax Credit Claim Tallied With Computation: Madras High Court Directs Income Tax Dept. To Reconsider

The Madras High Court has directed the department to reconsider the claim of Foreign Tax Credit. The court on examining the company tax return and...

Black Money Act: Tax Clearance Certificate Mandatory to Fly Abroad

The Union Finance Minister Nirmala Sitharaman has recently proposed an amendment in the Income Tax Act to include Black Money Act, 2015 for Obtaining...

Delhi High Court Directs Income Tax Department To Process Application For Exemption Made By NOIDA

The Delhi High Court has directed the income tax dept. to process application for exemption made by New Okhla Industrial Development Authority (NOIDA). The court...

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