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A New Era for ITAT: Key Highlights of the Income-tax (Appellate Tribunal) Amendment Rules, 2025
1. IntroductionThe Ministry of Law & Justice, in collaboration with the Income Tax Appellate Tribunal (ITAT), Mumbai, has taken a monumental step towards digital transformation by releasing the Income...
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Interpreting the Nuances of “Communication” under GST Law
Introduction: The Significance of Communication in Legal ProceduresEffective communication within the framework of Indian law is essential to ensure fairness, prevent arbitrary actions, and guard agai...
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Artificial Intelligence and the Indian Tax Administration: Opportunities, Challenges, and the Road Ahead
OverviewArtificial Intelligence (AI) is reshaping India’s tax administration, offering innovative solutions to long-standing issues such as tax evasion, compliance complexity, and transparency deficit...
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Examining the Mismatch in Renewal Periods: Section 80G vs. Section 12AB after the Finance Act, 2025
Introduction: The New Challenge for Indian Charitable TrustsIndia's charitable and religious trust landscape is at a pivotal juncture. For the first time since sweeping changes to their registration a...
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The Dilemma of ITC Mismatches Under Section 16(2)(aa)
1. Overview: The Dilemma of ITC Mismatches Under Section 16(2)(aa)Input Tax Credit (ITC) remains the backbone of the GST framework in India, crafted to prevent the cascading of taxes by allowing credi...
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Refund of Unutilized Input Tax Credit (ITC) upon Business Closure: Legal Position under GST
1. OverviewClosing a business is a significant event for any entity, often likened to a personal breakup, with the added complexity of legal and tax obligations that persist even after commercial acti...
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Major Shifts in the Income-tax Act, 2025: Analysis and Practical Implications
1. Introduction and Rationale for the New LegislationBackground and Purpose of OverhaulThe Income-tax Act, 2025 supersedes the Income-tax Act, 1961 after more than sixty years, addressing the complexi...
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Foreign Tax Credit (FTC) in the Absence of Indian Tax Liability: Legal Position and Practical Insights
Background and ContextFor a long time, Indian enterprises with international income sources have navigated uncertainty concerning cross-border tax credits. The recent pronouncement by the Delhi Bench...
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Reframing Evidentiary and Procedural Standards: ITAT Mumbai's Key Rulings in Search-Based Reassessments
OverviewThe Mumbai Bench of the Income Tax Appellate Tribunal (ITAT), in the case of Veda Real Estate Corporation (P.) Ltd. v. Dy. CIT ([2025] 180 taxmann.com 331; order dated October 28, 2025), has d...
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Analyzing Search and Seizure Powers in Income Tax Law: The Intersection with Digital Privacy
Introduction to the Income Tax Act, 2025: A New EraThe Income Tax Act, 2025, represents a comprehensive revamp of the longstanding Income Tax Act, 1961. This new legislation is not merely an update bu...
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Supreme Court Clarifies Taxation of Non-Compete Fees: Capital or Revenue Expenditure?
OverviewThe classification of non-compete fees under the Income-tax Act, 1961 has long been a contentious issue, with frequent disputes arising over whether such amounts represent capital expenditure—...
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Investment of Charitable and Religious Institution Funds: Navigating Income-tax Act and Other Regulatory Laws
Overview of Statutory Investment Requirements for Charitable OrganisationsCharitable and religious entities in India are obligated to invest or deposit their funds following specific regulations set f...
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Supreme Court Rulings on the Admissibility of Writ Petitions When Statutory Remedies Exist
Overview of Writ Jurisdiction under Article 226Article 226 of the Constitution of India empowers High Courts to issue directions, orders, or writs, including writs such as habeas corpus, mandamus, pro...
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Tiger Global Case: A Watershed Moment in India's Tax Treaty Jurisprudence
Comprehensive Analysis of Supreme Court's Landmark Ruling on Treaty Abuse and GAAR 1. Introduction and Factual MatrixThe Supreme Court of India, through a division bench comprising Justice J.B. Pardiw...
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Adjudication of Penalty for Delay in CFO Appointment – Regional Director Corrects Excess Penalty Imposed by ROC
Background of the Casei) Introduction to the Company and Issue at HandM/s. Sutara Roads & Infra Limited, a company incorporated under the Companies Act, 2013 on 26th December 2015 and headquartered at...
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Reassessment and Non-Speaking Assessment Orders
1. Introduction: Reassessment and Non-Speaking Assessment OrdersThe Income-tax Act, 1961, underlines the process and requirements for assessment and reassessment proceedings. A recurring issue is whet...
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Impact and Continuity of Provisions: Transition from Income-tax Act, 1961 to Income-tax Act, 2025
The historic Income-tax Act, 1961, which served as India’s primary tax legislation for nearly sixty years, has been replaced by the Income-tax Act, 2025, effective from April 1, 2026. The transition i...
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Comprehensive Regulatory Calendar: Statutory Deadlines and Compliance Updates for January 2026
As businesses enter the final quarter of the financial year 2025-26, the regulatory landscape for January 2026 presents a rigorous schedule of compliance obligations. This period is characterized by a...
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Tax Compliance Calendar for January 2026: Income Tax and GST Obligations
The comprehensive tax compliance calendar for January 2026 presents a detailed overview of mandatory statutory obligations under the Income-tax Act, 1961 and the Goods and Services Tax framework. This...
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SEBI’s Revised Framework for Related Party Transactions: Turnover-Based Thresholds and Enhanced Subsidiary Oversight
Introduction: Evolving Paradigms in Corporate Governance and RPT OversightThe Indian landscape of corporate governance has consistently faced challenges in regulating Related Party Transactions (RPTs)...