M Padmakshan

  • HC rules against Coca-Cola in transfer pricing case

    HC rules against Coca-Cola in transfer pricing case

    The Punjab & Haryana High Court has ruled against Coca-Cola India’s contention that the proof of profit transfer outside India is a precondition for applying transfer pricing rules.

    ITAT ruling likely to boost city redevelopment

    ITAT ruling likely to boost city redevelopment

    From now on, tax cannot be levied on the money paid by a builder to a housing society or private individual for redevelopment of property, the Income Tax Appellate Tribunal (ITAT) has said in a recent order.

    Deferred tax liability lowers Kingfisher's loss

    Deferred tax liability lowers Kingfisher's loss

    Kingfisher Airlines has seen a decline in its losses for fiscal 2007-08, thanks to the deferred tax liability of over Rs 600 crore, according to the company’s annual report.

    Mumbai corporate advance tax collections fall

    Mumbai corporate advance tax collections fall

    Collections in Mumbai, which contributes about 35-40% to country's tax kitty, have fallen for first time in last 5 yrs. Gainers: BSE ( A, B ) | NSE | Losers: BSE ( A, B ) | NSE

    HC directs ITAT to decide on tax cases within three months

    HC directs ITAT to decide on tax cases within three months

    Corporate taxpayers can now hope for speedy justice. The Bombay High Court has set aside an order of the Income Tax Appellate Tribunal (ITAT) on the ground that the tribunal took four months to deliver the order.

    After Vodafone, I-T puts S&N deal under lens

    After Vodafone, I-T puts S&N deal under lens

    The $15.4-billion buyout of the British brewer Scottish & Newcastle (S&N) by a Carlsberg-Heineken consortium last January is under the scanner of the Indian income-tax department.

    Goa's Feni may soon get GI tag

    Goa's Feni may soon get GI tag

    Feni makers in Goa believe the cashew fruit from which Feni is produced is unique to Goa & therefore Goa should own Feni.

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