Income Tax
Bogus Purchases: How the Addition Is Actually Decided
Where the sales are accepted and the stock records tally, the argument on bogus purchases is almost never about the whole amount.
The information has...
Company Law and IBC
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...
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Income Tax
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...
Company Law and IBC
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...
Finance
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...
Company Law and IBC
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,...
Income Tax
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...
Startups
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,...
Finance
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...
GST
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...
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