Electronics Component Manufacturing Scheme (ECMS) is an important step by the Government of India to make the country stronger in electronics production. Instead of depending on other countries for parts, this scheme encourages companies to manufacture key electronic components right here in India.
Relying on binding Supreme Court and High Court precedents, the Tribunal set aside the revisionary order as legally invalid because the PCIT failed to bring the legal heir on record before passing the order. The ruling firmly establishes that an income tax order passed against a dead person is a nullity and cannot be enforced.
Valuing start-ups for funding and compliance requires DCF, market multiples, and NAV. Learn how Indian regulations (IT Act, Companies Act) prescribe methods for unproven, high-growth ventures.
Overview of the New Income Tax Act, 2025 structure for Salary income. Covers taxable perquisites, standard deduction limits, and exemptions for gratuity, leave encashment, and funds.
NCLAT holds that time spent in pending Debt Recovery Tribunal proceedings cannot be excluded under Section 14 of the Limitation Act; exclusion applies only if prior proceedings fail due to jurisdictional defect.
The IFSCA has notified amendments to the 2024 Listing Regulations, revising maximum penalties for non-compliance and setting a 45-day deadline for half-yearly financial statement disclosure.
The ITAT Ahmedabad set aside the PCIT’s revisionary order under Section 263, ruling that the AO’s acceptance of ₹12.18 lakh exempt LTCG on Kushal Tradelink shares was based on a detailed inquiry and a plausible view. The Tribunal held that revision is invalid when the AO conducts due diligence, finds no adverse material to link the assessee to price rigging, and takes a possible view on the evidence.
Summary of Section 40(b) rules for partner remuneration and interest deductibility. Details caps, partnership deed requirements, and limits on tax-saving deductions.
Honda, Hero, and TVS are expanding EV production, launching new models, and integrating smart features to boost India’s two-wheeler EV adoption.
Analysis of Google’s $10 billion data-center plan and India’s infrastructure challenge. Focuses on the need to stabilize power, streamline land approval, and fix the compute supply chain.
