Income Tax Act, 1961 with Section 9

Supreme Court Clarifies Tax on Mobilization Fees for Mineral Oil Exploration: Sedco Forex International Inc. vs. Commissioner of Income Tax (2017)

/ A.K. Sikri, Ashok Bhushan, Income Tax Act, 1961, Income Tax Act, 1961 with Section 44BB, Income Tax Act, 1961 with Section 5, Income Tax Act, 1961 with Section 9, Judges

LEGAL ISSUE: Whether mobilization fees paid to non-resident companies for transporting drilling rigs to India are taxable under Section 44BB of the Income Tax Act, 1961. CASE TYPE: Income Tax Law Case Name: Sedco Forex International Inc. vs. Commissioner of Income Tax, Meerut & Anr. Judgment Date: 30 October 2017 Date of the Judgment: 30 […]

Supreme Court Clarifies Tax on Mobilization Fees for Mineral Oil Exploration: Sedco Forex International Inc. vs. Commissioner of Income Tax (2017) Read Post »

Permanent Establishment: Supreme Court clarifies taxability of Formula One in India (2017)

/ A.K. Sikri, Ashok Bhushan, Double Taxation Avoidance Agreement, Double Taxation Avoidance Agreement with Article 5, Income Tax Act, 1961, Income Tax Act, 1961 with Section 195, Income Tax Act, 1961 with Section 201, Income Tax Act, 1961 with Section 9, Judges

Can a foreign company be taxed in India for activities related to a sporting event? The Supreme Court of India recently addressed this question in a case involving Formula One World Championship Limited (FOWC). This judgment clarifies when a foreign entity has a “permanent establishment” in India, making its income taxable here. LEGAL ISSUE: Whether

Permanent Establishment: Supreme Court clarifies taxability of Formula One in India (2017) Read Post »

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