Union Cabinet ratifies MLI
High Court quashes tax officer’s order rejecting nil withholding tax application by assessee in respect of capital gains under India-Mauritius tax treaty
Delhi Tribunal deviates from its earlier ruling in assessee’s own case, holds grouting work as not falling under ‘construction’ activity to constitute PE, and holds equipment on main contractor’s vessel constitutes Fixed Place PE
Speculative business loss from trading in shares cannot be set-off against the profits from transactions in derivates prior to amendment in Section 73 of the Income-tax Act
