The stock markets started on a somewhat strong wicket for the week on Monday but then lost steam to end flat On Episode...

Introduction The Indian GAAR (Chapter X-A of the Income-tax Act, 1961 [‘the Act’])) was introduced in the Finance Act 2012 and came into...

In an effort to reduce litigation with foreign companies, the Finance Ministry has issued draft rules for safe harbours. The new rules, once...

The Draft specifies conditions under which safe harbour rules will apply for IT, ITeS, pharma sectors The income-tax (I-T) department released draft safe...

The G20 leaders’ Mexico summit of June’12 crafted the term ‘Base Erosion & Profit Shifting’ with an objective to prevent country’s tax base...

Data suggest that a tax rate increase for a few rich people puts little back into the economy compared to an across-the-board increase...

The new Companies Act is modeled after modern laws given that the extant law outlived its importance in terms of size, relevance to...

The Delhi HC has delivered path-breaking and bold verdicts, quashing proceedings initiated by CBDT and CBEC administrative guidance for assessments and subsequent denial...