Income Tax Bulletin June 2025
Judicial Updates :-
- AWS Receipts for Cloud Computing Services Not Taxable as Royalty under India-US DTAA
- Additions Based on Dumb Documents in Form of Loose Diaries Unsustainable.
- Receipts by Ernst & Young U.S. for Advisory Services are not taxable as FIS Under India–US DTAA
- Compensation for Non-Transfer of Shares Not Deductible u/s 48 While Computing LTCG
- Transfer of Tenancy rights is taxable under capital gains and not as other income:
- Income from sale of ‘Button Mushrooms’ grown in factory not ‘Agricultural Income’ u/s 2(1A)