Cash Found in a Search or Survey

Cash found during a search is added under section 69A only where the assessee is its owner and the explanation of how he came...

Identity, Creditworthiness and Genuineness: The Three Tests

The three limbs of section 68 are three separate tests, and a submission that runs them together usually loses on the one it never...

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Section 68 Unexplained Cash Credit: What the Assessee Has to Prove

Section 68 asks the assessee to explain a credit in the books, and the explanation has to satisfy three separate tests before the Assessing...

L&T Share Price Surge: Why Shares Rose Over 6% After Q2 Results

Larsen & Toubro (L&T) shares rose over 6% in early trading on October 28, 2026, after the company announced its September-quarter results a...

India’s Petroleum Exports Rise 50% as Oil Prices Surge and Rupee Weakens

India’s petroleum export earnings rose nearly 50% between April and September 2026, even as the country shipped 16% less fuel overseas. At first glance,...

How a ₹11 Billion Deal Changed India’s Tax Laws

Imagine completing a business deal, believing the rules are clear, and then discovering that the government wants to tax the transaction under a law...

Apple India Revenue Hits ₹1 Lakh Crore

Not long ago, owning an iPhone in India was a luxury. Today, Apple is building one of its biggest growth stories in the country,...

eMudhra Security Failure: The Hidden Cost of Losing Trust

A business can spend years building trust and lose some of it in a single incident. For most technology companies, security is a feature. For...

Can GST Officers Deny Input Tax Credit for a Supplier’s Default?

Imagine buying goods from a registered supplier. You receive a tax invoice, pay the full amount with GST through your bank, and claim input...

Tesla Financing Rates 2026: What Will Your Car Really Cost?

The price on a Tesla's website tells only part of the story. Your interest rate can change how much you pay for the same...

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