Income Tax

1. OverviewOn January 15, 2026, the Supreme Court of India delivered a landmark judgment in The Authority for Advance Rulings (Income Tax) v. Tiger Global International II Holdings (“Tiger Global”). T...

Introduction: Understanding Tax Exemption on Marriage GiftsThe question of whether gifts received after the wedding ceremony are exempt from taxation under Indian law has sparked much debate. A strict...

Introduction: The Dynamic Nature of Income Tax LawsThe provisions within Indian income-tax legislation often present interpretational challenges due to the legislature’s evolving language and judicial...

Overview of Tax Collection and Recovery Mechanismsi) Methods of Tax Collection under Section 390Section 390 of the 2025 Act outlines the methods available to authorities for collecting and recovering...

IntroductionThe introduction of Section 147A through the Finance Bill, 2026, has prompted significant discussion regarding its constitutional legitimacy, especially considering its retrospective appli...

1. Introduction: Requirement of Natural Justice Prior to Prosecution under Indian Income Tax LawThe framework under Section 279 of the Income Tax Act, 1961, and its successor provision, Section 491 as...

Introduction: Redefining Clean Energy PathwaysOver the last ten years, India’s clean energy policy has predominantly focused on scaling up renewable energy capacities—such as solar and wind—under the...

OverviewThe Finance Bill, 2026 introduces sweeping reforms to the Minimum Alternate Tax (MAT) provisions under section 206 of the Income-tax Act, 2025. These changes signify a new policy direction, si...

Introduction: Budget 2026-27 and Renewed Focus on RetrospectivityThe Union Budget for 2026-27 has been widely praised for its measures to boost India's economic growth amidst global uncertainty, drive...

Introduction to Sanction Requirements in Reassessment Proceedings(i) The Role of Specified AuthorityBefore an Assessing Officer (AO) can issue a notice for reopening an assessment under Section 148 (n...

Quick SummaryRBI Regulatory Overhaul: Comprehensive framework amendments for capital market exposures, REIT/InvIT lending, and concentration risk management across commercial banks, SFBs, and AIFIsITA...

Introduction, Legislative Purpose, and Background(i) Genesis and Policy RationaleIn her 2026 Budget Speech, the Finance Minister highlighted that the Black Money (Undisclosed Foreign Income and Assets...

Overview of Union Budget 2026i) Introduction and ContextThe Union Budget 2026, presented by the Honourable Finance Minister for the ninth consecutive year, represents a pivotal shift in India’s fiscal...

Overview and SignificanceThe enactment of Section 194T by the Finance (No. 2) Act, 2024, effective from the financial year 2025-26, has introduced a transformative change in the way partnership firms...

1. Introduction: Shifting Tax Regimes for Share BuybacksThe legislative landscape for the taxation of share buybacks has undergone substantial revisions in recent years. The Finance Act of 2026 marks...

Overview of Budget 2026 ProposalsThe Union Budget 2026 introduces a spectrum of measures combining tax concessions and simplified compliance procedures, alongside targeted steps to address cost-of-liv...

1. Introduction: Transforming Gold Investments in IndiaSince their inception in 2015, Sovereign Gold Bonds (SGBs) have stood out as the preferred option for Indian assessees seeking gold exposure. SGB...

The Union Budget 2026-27 demonstrates a transformative policy thrust toward making India a leading digital economy, focusing on data centres, cloud technology, artificial intelligence, and robust digi...

1. OverviewThe Union Budget 2026, presented by Finance Minister Ms. Nirmala Sitharaman on February 1, 2026 at Kartavya Bhawan, introduces pivotal changes to India’s tax treatment of share buy-backs. T...

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...