We are pleased to share with you our latest TaxBuzz, analysing the recent decision of the Chennai Bench of the Tribunal in T. Srikanth v. DCIT. In this edition, we examine the Tribunal’s ruling that the deeming fiction created u/s 50C, which substitutes stamp duty value as ‘full value of consideration’ for computing capital gains […]
We are pleased to share with you our latest TaxBuzz, analysing the recent decision of the Mumbai Bench of the Tribunal in Sterling Holiday Resorts Ltd. v. DCIT. In this edition, we examine the Tribunal’s ruling that demerger would not qualify as a tax-neutral demerger under sections 2(19AA) and 2(41A) of the Income-tax Act, 1961 where the demerged undertaking […]
We are pleased to share with you a copy of our in-house publication – “TaxBuzz”, wherein we have analysed the recent ruling of ITAT, Delhi Bench in the case of SAIC Motor Corporation Limited v. ACIT: ITA No. 1191/Del/2025 wherein the Hon’ble ITAT struck down the profit attribution made to the alleged PE of a […]
We are pleased to share with you a copy of our in-house publication – “TaxBuzz”. In this edition, we have analysed a recent landmark judgment rendered by the Supreme Court in case of Sharp Business System, wherein the Hon’ble Court has put an end to the controversy on payment made towards non-compete fee and held it […]
We are pleased to share with you a copy of our in-house publication – “TaxBuzz”, wherein we have analysed the recent ruling of Delhi High Court in the case of CIT v. Clifford Chance Pte. Ltd.: ITA No. 353/2025 and 354/2025 wherein the Hon’ble High Court held that in absence of a specific clause in […]
In a significant judgment, the Delhi High Court upheld validity of disallowance of late deposit of employees’ contribution towards EPF and ESI made vide intimation issued under section 143(1) of the Income-tax Act, 1961. Citing judgment of the Supreme Court in the case ofCheckmate Services (P) Ltd deciding allowability of aforesaid deduction in favour of the Revenue, the High Court held that adjustments in relation to incorrect claims can be […]
