Updates-Income Tax, International Taxation & Transfer Pricing
| *Income tax* | Karnataka HC | *Discount on issue of debentures is deductible u/s. 37 in proportion to percentage of redemption* |
| *Income tax* | SC | *Transfer of case was justified as show-cause notice has clearly spelt out reasons for transfer; SC dismissed SLP* |
| *Income tax* | Madras HC | *HC remanded matter as ITAT failed to examine fact that whether investment in gold bullion violate Sec. 11(5)* |
| *Income tax* | Ahmedabad – Trib. | *Amount paid over net book value of assets & liabilities acquired in amalgamation eligible for depreciation* |
| *International taxation* | Delhi – Trib. | *Huawei’s branch office constitutes PE as expat employees have control to carry out business activities in India* |
Updates-Goods and Service Tax (GST)
| *GST* | Gujarat HC | *Rule 86A which enables Dept. to block ITC of taxpayers has been challenged before GUJ HC* |
| *GST* | AAR – WEST BENGAL | *No GST on supply of conservancy service to military Stations: AAR WB* |
| *GST* | AAR – WEST BENGAL | *Fabrication and painting of steel structures at construction site to be treated as mixed supply* |
| *GST* | AAR-HIMACHAL PRADESH | *Advance Ruling non-maintainable on admissibility of ITC where tax not paid or paid through ineligible ITC* |
| *GST* | Gujarat HC | *SEZ unit allowed refund of ITC received from the ISD unit : Gujarat HC* |
| *GST* | Allahabad HC | *HC permitted to reproduce online records maintained by assessee before the authority* |
| *GST* | Kerala HC | *Goods detained on grounds of bona fide dispute of rate of tax are not sustainable : Kerala HC* |
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