Input Tax Deduction Allowable On Destroyed Goods: Pakistan Supreme Court

The Pakistan Supreme Court has held that input tax adjustments are allowed…

Switzerland Suspends Unilateral Application Of MFN Clause With India under DTAA; Indian companies To Face Higher Tax

Switzerland has suspended the unilateral application of Most Favoured Nation (MFN) clause…

European Court of Justice: Taxpayer May Ask For Refund Of Excess VAT Within 12 Months From Ceasing Of Economic Activity

The European Court of Justice stated that taxpayer may ask for refund…

No Gift Tax Applicable On Assets Distribution To Surviving Spouse Pursuant To Nonjudicial Agreement: US Tax Court

The US Tax Court has held that gift tax is not applicable…

US Tax Court Remands Back Collection Case To Consider Ability To Pay

The US Tax Court remanded the case for Appeals to reconsider petitioners’…