Cadbury’s ₹320 Crore Tax Dispute: When Marketing Meets Transfer Pricing

When we think of Cadbury, the first thing that comes to mind is the purple wrapper and the tagline “Kuch Meetha Ho Jaaye.” But...

ITAT Ahmedabad Rules on Section 87A Rebate Against STCG under Section 111A (A.Y. 2024–25)

Introduction One of the most debated income-tax issues in the current year has been the scope of rebate under Section 87A, particularly in situations where...

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New Thresholds for Perquisites & Medical Benefits – G.S.R. 555(E)

The Ministry of Finance recently introduced the Income-tax (Twenty Second Amendment) Rules, 2025 through Notification G.S.R. 555(E), redefining key thresholds related to perquisites and...

Cabinet Approves Blanket Ban on Online Money Games

In a landmark move, the Union Cabinet has approved legislation imposing a blanket ban on online money games. This decision has sent shockwaves across...

Prem Prakash Gupta v. ITO – ITAT Jaipur Ruling on Turnover Definition for Stamp Vendors 

Introduction The concept of turnover under the Income-tax Act often appears straightforward, until it is applied to agency-based businesses. For licensed stamp vendors, where sales...

AI Hallucination in Court: ITAT Recalls Order Over Fake ChatGPT-Generated Case Laws in Buckeye Trust Tax Dispute

A recent tax tribunal order, hastily withdrawn after citing non-existent court judgments, has sparked concerns over the possible use of generative AI—a groundbreaking technology...

Advance Tax Payment

Advance tax may seem tricky, but knowing the basics can help you manage your money. This knowledge can also prevent surprises at the end...

How Family Transfers Can Impact Your Tax Bill – Clubbing of Income

Have you ever thought that gifting an asset to a family member might save you tax? Think again! The Income Tax Department has laid...

Incorporating a Wholly Owned Company in India

India is a lucrative destination for foreign investors looking to expand their business presence. One of the most popular ways for foreign entities to...

Section 139 of the Companies Act, 2013

When it comes to running a company, transparency and accountability are key. One of the pillars supporting these values is the role of auditors....

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