In this edion, we have come up with an arcle on powers of NCLAT to recall its own Order, and the decision of the 5 member bench of the NCLAT, Principal Bench, was upheld by the Supreme Court.
The next arcle ison scope of taxes covered under the Double Taxaon Avoidance Agreement. The scope of taxes under the Double Taxaon Avoidance Agreement is crucial in determining the amount of credit of taxes, paid in the country of source, that can be claimed in the country of residence. Further, scope of tax plays a vital role in determining the rate of withholding tax under secon 195 of the Income Tax Act, 1961 while reming the amount to a non‐resident.
We have also collated certain important judgments under direct tax and indirect tax laws, provided our comments wherever necessary.
I hope that you will have good me reading this edion and please do share your feedback.
Key Topics:
INSOLVENCY AND BANKRUPTCY CODE
- POWER OF NCLAT TO RECALL ITS ORDERS
DIRECT TAX
- SCOPE OF TREATY – TAXES COVERED UNDER THE DTAA
SUMMARY OF GST DECISION
SUMMARY OF IT DECISION
