« From the Courts » Open DEMAT Account in 24 hrs  Karnataka High Court restrains Bengaluru-based Institute of Chartered Tax Practitioners India from enrolling candidates for its courses  Attachment on Cash Credit of Assessee under GST Act: Delhi HC directs Bank to Comply Instructions to Vacate  Income Tax Addition Made Towards Unsubstantiated Share Capital Is Eligible For Section 80-IC Deduction: Delhi High Court  Inordinate delay in income tax appeal hearings  Income Tax leviable on Tuition Fee in the Year of Rendering of Services: ITAT  Supreme Court invoked its power under Article 142 of Constitution to validate notices issued under section 148 as notices issued under section 148A. However the same shall be subject to amended provisions of section 149.  ITAT refuses to stay tax demand on former owner of Raw Pressery brand  Bombay HC sets aside rejection of refund claims by GST authorities  [Income Tax Act] Faceless Assessment Scheme does not take away right to personal hearing: Delhi High Court  Rajasthan High Court directs GST Authority to Unblock Input Tax Credit availed in Electronic Credit Ledger  Sebi-taxman fight over service tax dues reaches Supreme Court «  Vaseline is a drug, not cosmetic, rules SC... Part of the direct cost is attributable to the value of DEPB... » Landmark tribunal ruling hits tax authority May, 23rd 2008 In a major ruling which will have widespread implications for transfer pricing inquiries in India, a tribunal has set limits on the scope of transfer pricing officers (TPOs) to demand company documentation. The Indian subsidiary of Cargill has won an appeal against a $10.1 million penalty issued by the tax authorities after they said the company had failed to provide adequate documentation. The Income Tax Appellate Tribunal also threw out the TPOs demands for more detailed documentation. It restricted which classifications of documents can be requested in particular circumstances. Advisers in India say the ruling is a victory for common sense and a step in the right direction.