ESOP related expenses paid to foreign holding company as reimbursement allowable
Facts Procter & Gamble Hygiene and Health Care Limited[1] (P&G) (‘the Appellant’), is an Indian subsidiary
Chennai ITAT set aside the reopening case whereby owing to reconstitution of a partnership firm as part of family arrangement was sought to tax
Facts: Damayanti Ramachandran HUF[1] (‘the Assessee’), was a partner in two firms: Ms. Texmo Industries and
Concessional treatment of tax on CCDs and OCDs
The recent Income Tax Appellate Tribunal (ITAT) Delhi Bench decision in Amplus Energy Solutions Pte Ltd[1]
Conversion of Company into LLP at book, not exigible to tax
In the case of ISC Specialty Chemicals LLP[1] (‘the Assessee’) for the assessment year 2018-19. It
Tenancy Rights are capital asset, transfer of which is liable to be taxed as capital gains
Vasant N. Barabde[1] (‘the Appellant’), filed his income tax return reporting income for the assessment year
Delhi ITAT – Look-through approach cannot be adopted for transaction not lacking substance
The case revolves around the recharacterization of a transaction by the Income Tax Department of India,
Transfer of entire business under slump sale, held to be valid
The case centers on the validity of a slump sale transaction under Indian tax law, specifically
FMV on Liquidation Date constitutes Cost of Acquisition if the gain is offered for tax in the same year
The case involves appeals relating to the computation of capital gains tax for the Assessment Year
Supreme Court provide judgement in relation to validity of a document with respect to will vs gift vs settlement deed
The Hon’ble Supreme Court in the case of N.P. Saseendran vs N.P. Ponnamma[1] decided on the
Whether capital reduction can be construed to be ‘transfer’ ?
Supreme Court (‘SC’) in the case of Jupiter Capital Pvt Ltd[1] (‘Assessee’) has held that the