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Aurtus Publication | India’s Foreign Trade Policy : An Insightful Guide for Exporters/Importers Foreign trade has always been a cornerstone of India’s economic policy, shaping not only the country’s global integration but also its dome
Direct Tax Shailendra padhiyar Direct Tax Shailendra padhiyar

Aurtus Publication | India’s Foreign Trade Policy : An Insightful Guide for Exporters/Importers

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Assessment on non-existent entity is void; “technical glitch” not curable u/s 292B The Bombay High Court, in Paras Defence and Space Technologies Ltd. v. DCIT, has quashed assessment proceedings where notices, assessment order, demand
Direct Tax Shailendra padhiyar Direct Tax Shailendra padhiyar

Assessment on non-existent entity is void; “technical glitch” not curable u/s 292B

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In absence of business nexus, no interest deduction allowed u/s 36(1)(iii) for leveraged acquisition The Assessee1 is engaged in the business of manufacturing and sale of inorganic chemicals, fertilizers, and bio‑fuels. The Assessee r
Direct Tax Shailendra padhiyar Direct Tax Shailendra padhiyar

In absence of business nexus, no interest deduction allowed u/s 36(1)(iii) for leveraged acquisition

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Capital appreciation on conversion of OCRPS into equity shares not taxable under section 56(2)(x) The assessee1, a private limited company incorporated in Mauritius, acts as an investment holding company by investing in securities of I
Direct Tax Shailendra padhiyar Direct Tax Shailendra padhiyar

Capital appreciation on conversion of OCRPS into equity shares not taxable under section 56(2)(x)

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