The Bill simplifies filings, eases compliance, and boosts certainty. Key takeaways include revised deadlines, MAT changes, and targeted reliefs.
Recent Landmark GST Rulings: Key Takeaways for GST Practitioners – An analytical roundup of judicial trends shaping GST litigation and compliance Introduction The Goods and Services Tax law is now maturing into a litigation-rich regime where courts are increasingly called upon to balance revenue protection with taxpayer rights and ease of doing business. Over the past […]
The budget pivots from short-term stimulus to fiscal credibility by targeting a lower debt-to-GDP ratio. The key takeaway is a stronger foundation for sustainable growth and investment confidence.
The scheme allows eligible taxpayers to disclose undisclosed foreign assets or income with immunity from prosecution. The key takeaway is certainty and closure for small, non-wilful defaulters.
The DPDP Rules 2025 operationalise India’s data protection law with strict obligations and penalties. The key takeaway is that compliance is now a strategic and board-level priority.
Relying on precedents including rulings of the Delhi High Court, the Tribunal held that extrapolation across years is impermissible. The addition was struck down as being based on assumption rather than evidence.
Budget 2026 revamps Customs, Excise, and GST to simplify compliance and boost exports. The key takeaway is a trust-based, technology-driven indirect tax regime.
The Tribunal held that once business receipts are taxed on an estimated basis, separate additions for payments and assets from the same receipts are impermissible. Only a net-profit estimation was sustained, deleting multiple cascading additions.
The Budget introduces a new Income-tax Act, eases compliance, and rationalises penalties. The key takeaway is a shift toward certainty, digital administration, and reduced litigation.
The tribunal accepted that allotment confers enforceable capital rights capable of transfer. The ruling clarifies that proceeds from such transfers must be assessed under capital gains, not deemed income.
