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1.No TDS on payment to non-resident which is not taxable in India. [Sesa Resources Ltd. vs. DCIT/Union of India (Bombay HC)].
2.Assessment of holding company with notice to subsidiary is invalid. [Techpac Holdings Ltd. vs. DCIT (Bombay HC)].
3.CBEC has decided to move to SC to vacate the stay granted by the Gujarat, Delhi and more recently Calcutta HCs on levy of service tax on legal services provided by senior advocates to other advocates and law firms.
4.All domestic e-sellers who supply goods and services to foreign buyers would be classified as exporters. It will allow them to claim benefits under the Merchandise Exports from India Scheme which provides financial incentives.
5.MCA has notified new version of e-forms: DIR-12, INC-22 and MGT-7 with effect from 12th April, 2016.

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