Friday, May 2, 2014

Resignation from Directorship

A director himself can forward a copy of resignation to registrar in prescribed manner within 30 days. This provision is useful when there are disputes amount directors and the directors have apprehension that his resignation may not be filed by company with ROC

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Bombay High Court rules excess royalty refunded pursuant to tax authority’s Advance Pricing Agreement with associated enterprise is not taxable

  This Tax Alert summarizes Bombay High Court (HC) ruling [1] in the case of CIT v. Gemological Institute of America Inc (Taxpayer/GIA US) ...