This article explains the revised ₹25 lakh exemption limit under Section 10(10AA). The key takeaway is that while the benefit is clear for recent years, earlier cases require careful legal evaluation.
Joint Venture Disputes Between Landowner and Developer Fall Outside the Ambit of RERA: MPREAT in Bhopal Development Authority vs. Roop Laxmi Singh (2026) The Madhya Pradesh Real Estate Appellate Tribunal (MPREAT), in its decision dated 08 January 2026 in Bhopal Development Authority v. Roop Laxmi Singh, has authoritatively clarified that disputes arising out of joint […]
This article explains why agricultural income lies outside the Income-tax Act and how constitutional provisions grant exclusive taxing powers to States. It highlights the practical limits of this exemption through judicial interpretation.
The Court held that a genuine buyer cannot lose ITC merely because the seller failed to deposit tax. The key takeaway is that liability must fall on the defaulter, not the innocent purchaser.
The new Income Tax Act, 2025 reshapes compliance from 1 April 2026 without changing tax rates. Businesses must realign systems, processes, and teams to avoid transition risks.
Treating all works contracts as services at 18% ignores their composite nature. The key takeaway is that uniform taxation can penalise material-heavy and merit-based projects.
Section 107(6) of the CGST Act enforces a fixed pre-deposit for appeals. The key takeaway is the growing concern that rigid uniformity may undermine access to justice in high-value disputes.
This article outlines the scope, principles, and obligations under India’s data protection law. The key takeaway is that organisations must align consent, security, and governance to avoid heavy penalties.
The High Court held that RERA execution powers cannot extend to unilateral cancellation of registered sale agreements. The key takeaway is that registration law boundaries must be respected even at the execution stage.
The Tribunal held that delayed responses to statutory notices do not attract penalty when full compliance is ultimately made and accepted before assessment completion. The key takeaway is that penalties cannot be imposed mechanically in the absence of willful default.
