M Padmakshan

  • HC stays $1.2-m tax on Nokia

    HC stays $1.2-m tax on Nokia

    The Delhi High Court has stayed a $1.2-million tax demand on Nokia, taking into account the company’s plea that as per the judgements on its earlier tax disputes.

    Officer's Choice vs Original Choice

    Officer's Choice vs Original Choice

    : Gone is the fight over ownership of companies. This time Kishore Chhabria of liquor company BDA Ltd is facing a different rival, Bangalore-based John Distilleries.

    UB may have to pay £700m for W&M

    UB may have to pay £700m for W&M

    India’s liquor baron Vijay Mallya’s bid to snag Scottish liquor firm Whyte & Mackay has run into unexpected hurdles.

    Tax tribunal clears way for Rs 5-cr bounty

    Tax tribunal clears way for Rs 5-cr bounty

    According to the ruling, the entire operation of a foreign company in India is liable to be taxed even if the company makes an ‘arms-length payment’ to its agent.

    Agent route won’t help foreign cos avoid taxes here

    Agent route won’t help foreign cos avoid taxes here

    In a crucial tax ruling which will make the government richer by a few thousand crores, the Mumbai Income Tax Appellate Tribunal has held that revenue generated in India by a foreign company is taxable in India, even if the firm operates through a local agent.

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