The bench headed by justice Arjit Pasayat passed the observation and asked agencies such as the National Capital Region Development Board (NCRDB) to examine the “feasibility” of shifting some of the offices and residential complexes in Delhi to neighbouring areas such as Faridabad, Noida and Ghaziabad.
PTI
No tax on referral fees paid to foreign firms
New Delhi: In a relief to firms that procure clients on referral basis, the Authority for Advance Ruling (AAR) has said that ‘referral fees´paid to overseas clients will not be subject to taxes in India. “The receipt on account of the referral fee arising to the applicant would not be taxable in India...,” AAR said, while ruling on a reference made by Singapore-based real estate consultant Cushman and Wakefield Pte.
“Although the AAR ruling is binding only between the foreign company and the tax department, it will create a persuasive precedent and benefit companies in several sectors like engineering and management consultancy, advertisement and real estate,” senior partner of corporate law firm Titus and Co., Diljeet Titus, said.
PTI
343 licence applications pending with DoT
New Delhi: The department of telecom, or DoT, which has granted 120 new telecom licences to 575 firms, is now giving the cold treatment to 343 other applications that are pending with it.
Persons familiar with the matter said DoT is unlikely to take action on these applications, which came between 26 September and 1 October last year, as each circle now has over 10 players and the scarcity of spectrum is also a factor to deal with. DoT has to first allocate spectrum to those who have already been given the licence and even if it does, there is no way 15-16 players can survive in a circle—which would be the scenario if the pending applications are cleared.
PTI
India investigates blast as Pakistan denies role
Sydney: Indian officials arrived in Afghanistan to investigate a suicide bombing at their embassy that killed at least 40 people, even as Pakistan denied its intelligence services were involved in the attack. Afghan officials have evidence that foreigners were behind a massive suicide bombing against India’s embassy in Kabul, President Hamid Karzai’s spokesman said on Tuesday, implying Pakistan orchestrated the attack. The spokesman, Humayun Hamidzada, did not name Pakistan’s intelligence agency but told reporters it was “pretty obvious” who was behind Monday’s bombing.
Bloomberg/AP