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...
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Income Tax
Can a Rs. 6.75 lakh jump in share price lead to a Rs. 52 crore tax addition ?
A real case from the ITAT Delhi shows that it absolutely can.
Here is the complete breakdown of this landmark ruling and why it matters...
GST
The GSTAT Rollout Delay: A Wake-Up Call for India’s Tax Ecosystem
Every taxpayer, practitioner, and business owner in India today is facing the same silent frustration: the long wait for a functional GST Appellate Tribunal...
Income Tax
Do the New Income Tax Rules Really Impose an 84% Penalty on Cash Kept at Home?
Over the past few days, social media has been flooded with one headline: “Income Tax will take away 84% of your cash lying at...
Income Tax
Why Indian Businesses Are Urging Tax-Neutral Demergers Ahead of Budget 2026–27 ?
As the Union Budget 2026–27 draws closer, one issue has quietly gained significant traction among India’s largest business houses, tax professionals, and corporate advisors:the...
Income Tax
Can Agricultural Income of ₹1.44 Crore Be Rejected Based Solely on Online Yield and Price Estimates?
High agricultural income cases often attract scrutiny, especially when the declared figures appear significantly higher than broad market estimates. But can the Revenue discard...
Income Tax
How HUF Gift to Member is Exempt Under Section 10(2) of the Income-tax Act
Gifts from a Hindu Undivided Family (HUF) to its members often trigger confusion, especially when Assessing Officers try to apply section 56(2)(vii) to tax...
GST
Can a manufacturer claim Input Tax Credit (ITC) on transmission-line assets installed outside the factory premises
Facts of the case:
The applicant, Alleima India Pvt. Ltd., operating a manufacturing plant in Gujarat, expanded production capacity and required enhanced power supply.
To meet the requirement, the company laid an...
Income Tax
Can Netflix India be treated like Netflix’s global brain?
In the last few years, India’s tax authorities have increasingly questioned how digital businesses operate within the country. But few cases captured the industry’s...
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