M Padmakshan

  • Mallya wants a swig of Chhabria's Officer's Choice

    Mallya wants a swig of Chhabria's Officer's Choice

    An old court case filed way back in 1992 by Shaw Wallace against BDA over ownership of Officer’s Choice whisky threatens to reopen old wounds between liquor barons Vijay Mallya, chairman of India’s spirit and beer behemoth, United Breweries and Kishore Chhabria, chairman of BDA, which now owns the Officer’s Choice whisky brand.

    Web site's just virtual asset for tax net

    Web site's just virtual asset for tax net

    How does a company show the expenses on developing its Web site? Can it book the amount to claim a deduction, thereby lowering the tax outgo?

    Tax tribunal asks I-T dept to refund Rs 2.7 crore to Skol

    Tax tribunal asks I-T dept to refund Rs 2.7 crore to Skol

    In a rare case, the Income-Tax Appellate Tribunal (ITAT), the quasi-judicial body for settling tax disputes, came to the support of a taxpayer and directed the I-T department to refund Rs 2.68 crore it has recovered.

    ITAT provides MAT relief for exporters

    ITAT provides MAT relief for exporters

    Exemption of export income from MAT can be accorded only up to the period when the Section 80 HHC of I-T Act was in operation. Section 80 HHC expired in 2004.

    Govt to amend tax treaty with UAE

    Govt to amend tax treaty with UAE

    The government is on course to notify amendments to India’s tax treaty with the United Arab Emirates (UAE).

    Foreign liquor bottles to display info labels

    Foreign liquor bottles to display info labels

    From May this year, the foreign spirit and wine bottles you buy from the open market will have labels containing a host of information on the product, including the product price, alcohol content, date of production etc.

    Bosca to go off shelves as UB agreement ends

    Bosca to go off shelves as UB agreement ends

    Bosca Wine, one of the oldest wine brands in India that boasts of the fine traditions of wine making in Abruzzo region in Italy, will go out of the market this March.

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