The article analyses when a company buys a house jointly with its director and allows personal use. The key takeaway is that arm’s length rent is safer than rent-free occupation.
This roundup captures major judicial pronouncements and regulatory circulars released during the week. The key takeaway is enhanced clarity on deductions, GST powers, insolvency clean-slate principles, and compliance simplification.
This roundup covers major tax, GST, customs, insolvency, and securities law developments issued during mid-December 2025. The key takeaway is enhanced procedural clarity alongside stricter compliance standards.
The Tribunal held that a 3,134-day delay deserved condonation where the assessee proved non-service of the assessment order. The key takeaway is that absence of service constitutes sufficient cause and justice cannot be denied on limitation alone.
The Tribunal held that an intimation under Section 143(1) based on a forged revised return is appealable. It directed a fresh assessment after allowing the assessee to file the correct return, reaffirming that technicalities cannot defeat substantive justice.
The regulator revised the block deal framework to address failed large-value trades caused by narrow price bands and limited timing windows. By widening price bands, adding dual windows, and increasing thresholds, the reform aims to improve execution efficiency while preserving market integrity.
This explains how ESOPs are taxed as salary at exercise and as capital gains at sale. The key takeaway is the two-stage taxation framework under Indian tax law.
This explains how ESOPs are taxed at exercise and at sale under Indian tax law. The key takeaway is that ESOPs attract salary tax first and capital gains tax later.
This explains how judicial interpretation has transformed the IBC from statute to working framework. The key takeaway is that landmark rulings now define strategy, timelines, and outcomes.
The Tribunal held that a bona fide delay caused by genuine circumstances deserves condonation. The key takeaway is that technical limitation cannot override substantive justice.
