Tax & Regulatory Newsletter- July, 2020 Edition
We are pleased to attach herewith the Tax & Regulatory Newsletter – July, 2020 Edition highlighting major recent tax and regulatory developments.
Inside this issue…
DIRECT TAX
ITAT: Profits derived from DAPE in India not taxable in India; existence of DAPE wholly tax neutral
ITAT: No jurisdiction to AO to switch from DCF to NAV method of share valuation
SC: SLP dismissed; reopening of assessment on ground of mere change of opinion is without jurisdiction
TRANSFER PRICING
ITAT confirms Chapter-X applicability on interest free loan advanced to AE; rejects taxpayer’s contention of quasi equity nature of AE loan
ITAT upholds taxpayer’s internal-CPM, states geographical location solely cannot be detrimental for comparability of consultancy services
REGULATORY
Changes under MSME
Financial Services
Changes under Companies Act
GST
GST Updates
Other GST Rulings
COMPLIANCE CALENDAR
Direct Tax
GST
Regulatory
