https://www.taxtmi.com/highlights?id=103913 Taxability of non-resident receipts depends on a real and substantive nexus between India and the income-producing right or activity, or on a specific statutory deeming provision; an Indian payer's residence, accounting treatment, expenditure claim or remittance alone is insufficient. Overseas contractual rights, settlement and market exploitation do not create Indian accrual merely through foreign anti-trust allegations unsupported by a judicial finding or admission. Advance-ruling jurisdiction is confined to the applicant and transaction, and prima facie tax avoidance requires an identified Indian tax incidence. Extended reassessment limitation requires a qualifying asset belonging to the assessee and prior meaningful opportunity on that ..... en-us Fri, 18 Sep 2026 07:31:58 +0530 Fri, 18 Sep 2026 07:32:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=103913 Taxability of non-resident receipts depends on a real and substantive nexus between India and the income-producing right or activity, or on a specific statutory deeming provision; an Indian payer's residence, accounting treatment, expenditure claim or remittance alone is insufficient. Overseas contractual rights, settlement and market exploitation do not create Indian accrual merely through foreign anti-trust allegations unsupported by a judicial finding or admission. Advance-ruling jurisdiction is confined to the applicant and transaction, and prima facie tax avoidance requires an identified Indian tax incidence. Extended reassessment limitation requires a qualifying asset belonging to the assessee and prior meaningful opportunity on that ..... Highlights Income Tax Fri, 18 Sep 2026 07:31:58 +0530 https://www.taxtmi.com/highlights?id=103913