01 January 0001

Direct Tax Amicus: April 2016


The Income Declaration Scheme, 2016 - An analysis -

Last year, the Indian Government introduced a voluntary declaration of undisclosed foreign income and assets for resident taxpayers under the Black Money Act which met with limited success. A similar scheme is proposed by the Finance Bill, 2016 referred as ‘Income Declaration Scheme, 2016’ (‘IDS, 2016’). The possible benefits available to the taxpayers under the IDS, 2016 comparing the provisions of Black Money Act, existing penal provisions under Section 271(1)(c) and proposed penal provisions under Section 270A are…



  • Electronic Verification Code for e-filing of appeals to Commissioner (Appeals)

Ratio Decidendi


  • Section 94A(1) empowering government to specify notified jurisdictional area & deny treaty benefits – Constitutional validity upheld by Madras High Court
  • Professional fee to common director/owner when not deductible – ITAT, Mumbai
  • Hoarding structures not ‘plant’ for assessee engaged in outdoor advertising – ITAT, Mumbai
  • Payment for non-exclusive license to use data set is not royalty – ITAT, Hyderabad
  • Assessing Officer bound by the directions of DRP – Delhi High Court


News nuggets

  • Information under Country-by-Country Reporting to be available to the public in EU


April, 2016/Issue-21 April, 2016/Issue-21

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