Insights

India: Direct Tax Update

Editorial Team 20 Sep 2024

An overview by Economic Laws Practice (ELP), Taxand India

Mitesh Jain, Jishaan Jain and Ketal Chandaliya from our Indian member firm Economic Laws Practice (ELP) has published the latest edition of their direct tax update, which aims to keep readers updated on recent developments in income tax decisions to ensure compliance and optimise your tax strategy.

This includes:

• A Delhi High Court verdict that a final assessment order passed without passing of draft assessment order is null and void
• The Bangalore ITAT ruling that deemed dividend under Section 2(22)(e) of the IT Act is not attracted in case of indirect benefit and in absence of actual payment
• The Delhi ITAT holding that transfer of self-generated trademark is taxable as capital gain

You can read the full update in more detail here.

Article tags

Income Tax | India | Tax