Tag Archives: technical

Online subscription income can be treated as business income: ITAT

The Income Tax Appellate Tribunal (ITAT) recently held that income from online subscription services can be treated as business income and not be taxed as royalty or fee for technical services in all cases. ITAT Mumbai Bench said that for … Continue reading

Posted in Company Law, Consumer Law, Contract Law, General Law, Income Tax Law, International Law, Securities Law | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Accused entitled to get bail as per law: SC

The Supreme Court of India has ruled that an accused is entitled to get bail under Code of Criminal Procedure even though the charge sheet filed by police was returned by the lower court on technical reasons. “The fact of … Continue reading

Posted in Constitution Law, Criminal Law, crpc, Evidence Law, General Law | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Corp guarantees have no bearing on profits: ITAT

In a recent ruling, Income Tax Appellate Tribunal (ITAT) held that when corporate guarantees are in the nature of shareholder activities, they have no bearing on profits and in such cases no arms length price adjustments need to be made. … Continue reading

Posted in Banking Law, Company Law, Contract Law, FDI, General Law, Income Tax Law, International Law | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

IPAB members’ appointment provisions unconstitutional: MHC

In a recent ruling, the Madras High Court struck down provisions of Intellectual Property Appellate Board appointments under the Trademarks Act as unconstitutional citing the violation of separation of powers and independence of judiciary by the government. The Court was … Continue reading

Posted in Administrative Law, Constitution Law, Intellectual Property Law, International Law, patent law, Trade Law | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Payment for services rendered without human intervention not in nature of ‘fees for technical services’: ITAT

Income Tax Appellate Tribunal (Mumbai) ruled that payment made to a person outside India by assessee for the services rendered without any human intervention was not in any manner in the nature of ‘fees for technical services’ within the ambit … Continue reading

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