Monday, 26 November 2018

CBDT: India - China sign Protocol amending DTAA incorporating BEPS related changes

India - China sign a Protocol today amending DTAA incorporating BEPS related changes; Protocol incorporates changes required to implement BEPS minimum standards as well as other changes as per BEPS Action reports as agreed upon by two sides; Further, the Protocol updates the existing provisions for exchange of information to the latest international standards 

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SC holds extended period cannot be invoked if allegations are not justified in the show cause notice issued under section 74

  This Tax Alert summarizes a recent judgement of the Supreme Court (SC) [1] on whether a show cause notice (SCN) under Section 74 of the ...