Tag Archives: retrospective

Principles for determination of POEM of a Company formulated: Govt.

The Finance Act, 2015 has amended, with effect from April 1, 2016, the provisions of Income-tax Act relating to determination of residence of a company.  In accordance with the amended provisions a company would be said to be resident in … Continue reading

Posted in Company Law, Contract Law, General Law, Income Tax Law, International Law, Notifications/Publications/Circulars, TRIPS, WTO/GATT | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Proviso to Sec 113 IT Act retrospective in nature: SC

In a very important ruling regarding levy of surcharge on block assessment of income, the Supreme Court of India ruled that the proviso to Section 113 of the Income Tax Act imposing surcharge shall not have a retrospective affect. “…….. … Continue reading

Posted in Banking Law, Income Tax Law, International Law | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Vodafone Serves Notice Against Indian Government Under International Bilateral Investment Treaty

Vodafone has today served the Indian government with a Notice of Dispute (“Notice”) regarding proposals in the Indian Finance Bill 2012 that violate the international legal protections granted to Vodafone and other international investors in India. The Notice, served by … Continue reading

Posted in Income Tax Law, Notifications/Publications/Circulars, Telecommunications Law | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment