The liquor industry has not only bucked the financial crisis, but has managed to post a higher growth rate. High-end whiskies | Weekend Platter | Biz Week in Pics
Actress Pooja Bhatt has got a reprieve from the tax demand on the $6,000 she received for performing in Canada.
KLM Airlines got a reprieve from the income tax department on the rent paid for cargo space hired by it from Airport Authority of India, thanks to a Delhi High Court order last week.
Interest paid to a foreign company on convertible debentures (CDs) is like an interest taxable in India, according to a ruling by Authority for Advance Ruling (AAR), a quasi-judicial body on matters of tax.
The UB Group has decided to sell South African wines from10 Chapter Pty in India soon. The wines will be sold through United Vintners, a subsidiary company of the Vijay Mallya-led UB group.
Golf in Dubai, including India, has been declared not liable to tax in India by the Authority for Advance Ruling.
The method adopted by a company to arrive at a transfer price is valid unless the tax officer can prove that the company had manipulated the price to shift profits outside India.
Delhi High Court ruled that no tax demand be issued to the Australian company until the high court decides on the petition filed before it by the foreign firm.
Fees for clinical bioanalytical studies paid by Indian pharmaceutical companies to foreign research bodies are not taxable in India, the Authority for Advance Rulings (AAR), a quasi-judicial authority, has ruled.
The Pune Income-Tax Appellate bench has held that the denial of export benefits to an American company operating in India could not be construed as discrimination between Indian and foreign companies.
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