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International Taxation
Input Tax Deduction Allowable On Destroyed Goods: Pakistan Supreme Court
The Pakistan Supreme Court has held that input tax adjustments are allowed even on...
International Taxation
US Tax Court Imposes Fraud Penalty For Tax Evasion On Unreported Income
The US Tax Court has imposed the fraud penalty for tax evasion on unreported...
International Taxation
IT Software Rentals Constitute ‘Royalty’, Rules Pakistan Supreme Court
Unlike Indian scenarios and rulings on taxability of IT software rentals, the Supreme Court...
International Taxation
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 with India...
International Taxation
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 of excess...
Columns
West Indies Vs England : Tax Facts
West Indies Vs England : The comparison of 10 tax facts you are unaware:West...
International Taxation
UAE FTA Notifies Postponement of Deadline To File Tax Return, Settle Corporate TaxÂ
Deadline To File Tax Return and Settle Corporate Tax has been notified by the...
International Taxation
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 on...
International Taxation
US Tax Court Remands Back Collection Case To Consider Ability To Pay
The US Tax Court remanded the case for Appeals to reconsider petitioners’ ability to...
International Taxation
Assessee Not Liable To Be Taxed On Cancellation Of Indebtedness Income: US Tax Court
The US Tax Court held that the assessee is not liable for tax on...
International Taxation
Settlement Officer Didn’t Abuse Discretion In Rejecting Offer-In-Compromise-Effective Tax Administration Based On Economic Hardship: US Tax Court
The United States Tax Court has held that the settlement officer (SO) did not...
International Taxation
US Tax Court Dismisses Case On Failure Of Dept. Prove Deficiency Notice Properly Mailed To Assessee
Just like Indian Tax Department, the US tax department has failed to prove that...
Latest articles
Indirect Taxes
SAD Refund Limitation to Be Counted from Date of Domestic Sale And Not From The Date of Import: Calcutta HC
The Calcutta High Court has reiterated that the Special Additional Duty (SAD) refund limitation...
GST
Titan Challenges Deemed Supply Provision Under GST: Madras High Court to Examine Taxability of Unreturned Job Work Inputs
In a significant development for the manufacturing and GST ecosystem, Titan Company Limited has...
Indirect Taxes
Can Service Tax Be Demanded Solely on Form 26AS Data Without Pre-SCN Consultation? Gauhati High Court Remand Back Matter to CESTAT
The Gauhati High Court while remanding the matter to the Customs, Excise and Service...
GST
Amended Formula U/R 89 (5) For Inverted Duty Refunds Is Retrospectively Applicable: Andhra Pradesh HC
The Andhra Pradesh High Court has held that the amended formula under Rule 89...