Income Tax
Residency Rules: Income Tax Act, 1961 vs Income Tax Bill, 2025 — A Subtle Yet Significant Shift!
Residential status is one of the most critical factors in determining an individual’s tax exposure in India. For decades, Section 6 of the Income-tax...
Income Tax
Transfer Pricing and International Tax Reforms under Finance Bill, 2026: A Practical Overview
In an increasingly volatile global economic environment, Budget 2026 reflects India’s conscious shift towards certainty, predictability, and long-term institutional strength in taxation. Rather than...
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GST
ITC Cannot Be Denied for Supplier Default!
Tripura High Court Protects Genuine Taxpayers
Input Tax Credit (ITC) is the backbone of the GST framework. For businesses, it is not an incentive—it is...
Articles
Section 54 exemption was allowed even with ₹0 invested in Capital Gain Account Scheme.
Section 54 is a beneficial provision intended to encourage investment in residential housing by granting exemption from LTCG tax. However, taxpayers often face disallowance...
Company Law and IBC
How Binny Bansal lost DTAA protection despite moving abroad ?
The Income Tax Appellate Tribunal (Bengaluru Bench) rejected Binny Bansal’s claim of non-resident status for AY 2020–21, denying him benefits under the India–Singapore DTAA.
Despite...
Top News
How does ₹6 crore of foreign funds trigger ED action?
The Enforcement Directorate conducted searches on premises linked to an NGO run by climate activist Harjeet Singh and his wife.
The probe relates to foreign...
Income Tax
HUL’s ₹1,560 Crore Income Tax Demand
The income tax demand has been raised on Hindustan Unilever Limited, one of India’s most stable and closely tracked FMCG giants.
When a company...
Articles
5 Major GST Changes from 1st January 2026
The beginning of 1st January 2026 marks a critical compliance shift under GST laws in India. Several deadlines lapse on 31st December 2025, and multiple system-driven restrictions and consequences...
Company Law and IBC
Can a 29-year-old trademark be cancelled for “non-use” despite active commercial invoices?
This question was squarely examined by the High Court of Delhi while deciding a rectification petition under the Trade Marks Act, 1999.
Facts relating to...
Income Tax
A Familiar Fear: “If the Tax Credit is there… so where is the Income?”
Every taxpayer has faced this moment.
You open your Form 26AS, You see tax already deducted, And then comes the question from the department:
“If tax was deducted,...
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