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Introduction: Redefining India’s Export StrategyIndia’s Union Budget for 2026-27 marks a transformative phase in national export policy, moving away from broad-based export incentives towards foundati...

1. Revision of Motor Car Perquisite Valuationi) Rule ReferencePrevious: Rule 3(2), 1962 RulesRevised: Rule 15(3), Draft Rules, 2026ii) Background and Key ChangesCompany-owned vehicles are a staple in...

1. Introduction: The Changing Landscape of Buyback TaxationShare buybacks have transitioned from being a specialized financial maneuver to a mainstream corporate strategy, enabling companies to optimi...

1. IntroductionThe Union Budget 2026 arrives at a crucial juncture, as global value chains shift amidst uncertain geopolitical conditions. The Finance Bill 2026 introduces comprehensive reforms to Ind...

1. IntroductionUnion Budget 2026 has introduced a suite of transfer pricing (TP) changes focused on improving certainty, streamlining compliance, and curbing protracted disputes. These proposals, whil...

Introduction: Strategic Focus of the Union Budget 2026–27The Union Budget 2026–27 has placed significant emphasis on infrastructure development and energy security, identifying them as fundamental pil...

OverviewSection 263 of the Income-tax Act, 2025 (“the Act”) articulates the rules for filing income tax returns. This section delineates the types of assessees obligated to submit returns, the prescri...

1. IntroductionInternational taxation in India has historically been a domain marked by frequent disputes and unpredictability, particularly for assessees and multinational groups. The previous decade...

IntroductionThe Union Budget 2026, presented by Finance Minister Nirmala Sitharaman on 1st February 2026, places significant emphasis on achieving tax certainty while promoting economic expansion. The...

Introduction: The Journey of Buyback TaxationIndia's approach to taxing share buybacks has seen considerable evolution over the past decade, reflecting changing objectives around tax fairness, revenue...

Overview of India's Expanding Trade FootprintIndia has witnessed a remarkable surge in its global trade engagement over the last decade, with total exports increasing from USD 468 billion in 2014–15 t...

Focused Direct Tax Initiatives in Budget 2026The Union Budget 2026 introduces a suite of targeted direct tax proposals designed to reinforce India's standing as a global technology center, enhance cer...

1. Overview: India’s Strategic Push for Data Centre Growth1.1 Policy Context and Budget 2026 InitiativesIn the 2026 Budget, the Government of India has focused on bolstering tax compliance and simplif...

Human Error and Legislative Compassion in Tax LawIt is a universal truth that mistakes are inevitable, and while forgiveness is a virtue rarely seen in fiscal statutes, the introduction of sub-section...

IntroductionIn the course of tax proceedings, practitioners often encounter scenarios where an assessee fails to file an appeal or application within the statutory deadline. In such cases, the assesse...

1. Introduction: The Changing Terrain of Tax ProcedureFor many years, India’s tax litigation landscape operated on the fundamental premise that both assessees and revenue authorities were equally boun...

OverviewThe use of statements or information from third parties as the basis for making additions to taxable income has long been a contentious area in Indian income-tax practice. With the advent of t...

Overview: Examining the Court Order and the Jurisdictional Challenge(i) Background and ContextThe present analysis revisits the Andhra Pradesh High Court’s order dated 20 November 2025 (Writ Petition...

Introduction: Policy Reversal on Sovereign Gold Bond Tax ExemptionThe recent Union Budget 2026 has introduced a significant modification to the tax treatment of Sovereign Gold Bonds (SGBs) in India. P...

Overview: The Tax Landscape for Spot Crypto TransactionsThe digital asset market in India has rapidly transformed into a multifaceted financial arena, generating various income streams for assessees—p...