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...
Latest Articles
Income Tax
Payments to Foreign Attorneys for IP Services Are Professional Fees, and Not FTS
Issues Involved
Whether payments remitted by Indian law firms to an NR foreign attorney towards filing, prosecution and maintenance of overseas intellectual property (IP) matters...
Income Tax
ESOP Taxation in Corporate Restructuring: Insights from Flipkart–PhonePe
Introduction:
ESOPs are structured as rights, not obligations, granted by companies to employees to purchase shares at a future date at a pre-agreed price. These...
GST
Assignment of Leasehold Rights Equals Sale of Land, Not Liable to GST : Gujarat HC Rules
Issue involved
Whether assignment of leasehold rights qualify as supply of services for the purpose of levy of GST?
Facts of the case
The Gujarat Industrial Development...
Income Tax
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...
Income Tax
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...
Income Tax
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...
GST
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...
Income Tax
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...
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