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Introduction: A New Era of Fiscal DisciplineThe Union Budget for 2026, presented by the Hon’ble Finance Minister on February 1, 2026, outlines a transformative agenda focused on establishing robust fi...

1. Background of the Dispute(i) The Parties and Their Structure(a) Tiger Global International II Holdings, III Holdings, and IV Holdings (collectively "TGM Mauritius") are private entities incorporate...

1. Introduction: The Crucial Role of Show Cause Notice in Income Tax ProsecutionThe current legal regime under Section 491 (formerly Section 279) represents both the most onerous and most benevolent a...

Overview: Anticipations and Context(i) Individual Assessees’ Expectations and Tax Relief ProspectsAs the announcement of the Union Budget 2026 nears, individual assessees are keenly awaiting the Finan...

The upcoming Union Budget 2026–27 is anticipated to reinforce India’s economic trajectory by deepening structural reforms, maintaining fiscal discipline, and prioritizing productive capital outlays. T...

Overview: Budget as a Tool for Economic Assessment and Future PlanningEvery budget, whether at a household or national level, serves to evaluate current financial realities and chart a path toward tar...

1. IntroductionImagine receiving an income tax notice, actively cooperating with the Income Tax Department, only to later realize that the Assessing Officer (AO) handling your assessment lacked the le...

Overview of the RulingThe Gujarat High Court, in its recent decision concerning M/s Alstom Transport India Limited (SCA No. 11025 of 2025, decided January 23, 2026), has set a precedent for handling I...

What has changed? Everything you need to know about the new compliance landscapeFebruary 2026 — In a move towards simplification and modernization, the Indian government has released the Draft Income...

1. Introduction: Navigating the New Data Privacy LandscapeThe Digital Personal Data Protection Act, 2023—enacted on August 11, 2023—marks India's inaugural foray into comprehensive privacy regulation....

Overview: Buyback of Shares versus Dividend DistributionIndian companies commonly use either share buyback or dividend distribution to return value to their shareholders. While dividend payouts are a...

IntroductionGlobal Capability Centers (GCCs) have emerged as pivotal players within India’s corporate ecosystem, facilitating operational efficiency, technological innovation, and international compet...

Introduction: Embracing a New Era in Tax ComplianceThe presentation of the Union Budget 2026 by the Finance Minister marks a historic ninth consecutive budget, reflecting the aspirations and energy of...

Introduction(i) Evolution of Buyback Taxation in IndiaThe practice of companies repurchasing their own shares serves as a means to return accumulated profits or reserves to the shareholders. The tax i...

1. Introduction: A New Era of Tax Certainty for India's IT and GCC SectorThis year's Union Budget, crafted in the historic Kartavya Bhawan, marks a significant step in India's approach to tax administ...

Introduction to MAT and Its Current StructureMinimum Alternate Tax (MAT) serves as an alternate tax computation method, compelling companies to pay tax on their book profits if such tax exceeds the li...

1. Introduction: The Critical Role of Regulations 9 and 9AMost breaches of insider trading regulations originate not at the trading interface, but within the internal processes of organisations—especi...

Introduction: Demystifying the Pure Agent under GSTThe concept of a Pure Agent under the Goods and Services Tax (GST) regime is often misunderstood and misapplied, particularly when it comes to determ...

1. Overview: Aligning GST Law with Commercial PracticePost-sale discounts—including volume incentives, year-end rebates, and inventory maintenance subsidies—play a vital role in distribution strategie...

1. IntroductionSmall businesses often struggle with the extensive compliance requirements under the Goods and Services Tax (GST) regime due to limited expertise and resources. To address this, the GST...