Handicraft job work receives concessional GST only for registered principals and predominantly handmade goods; commercial resin articles remain taxabl...
Reassessment disclosure requirements permit stated reasons without revealing information sources, but prior-taxation claims require full examination b...
Independent assessment discretion and corroborated electronic evidence determine validity of on-money additions and undisclosed-consideration assessme...
ITAT determined that for transactions of share alienation during FY 2015-16, pre-amended India-Singapore DTAA provisions apply. The tribunal found insufficient evidence regarding Singapore tax treatment, leaving the second condition of Article 24(1) unresolved. Ultimately, the assessee was deemed eligible for Article 13(4) benefits, with taxing rights attributed to Singapore for capital gains on shares acquired before 01 April 2017. The tribunal directed the Assessing Officer to allow carry forward of short-term capital losses and apply treaty benefits for gross short-term capital gains, effectively allowing the additional ground of appeal.
ITAT determined that for transactions of share alienation during FY 2015-16, pre-amended India-Singapore DTAA provisions apply. The tribunal found insufficient evidence regarding Singapore tax treatment, leaving the second condition of Article 24(1) unresolved. Ultimately, the assessee was deemed eligible for Article 13(4) benefits, with taxing rights attributed to Singapore for capital gains on shares acquired before 01 April 2017. The tribunal directed the Assessing Officer to allow carry forward of short-term capital losses and apply treaty benefits for gross short-term capital gains, effectively allowing the additional ground of appeal.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
