The U.S. announced a reduction of tariffs on Indian goods to 18%, indicating a strategic reset in bilateral trade. The move could boost Indian exports, subject to formal customs notifications
The Tribunal refused to send the matter back for valuation after finding a clear statutory breach. The addition was deleted outright, reinforcing strict compliance with valuation provisions.
Explains how Budget 2026–27 restructures tax provisions to reduce compliance burden and improve taxpayer experience. Highlights key exemptions, procedural simplifications, and enforcement rationalisation.
Explains how delegation, supervision, and accountability under InvIT regulations align the trustee–IM relationship with classic principal–agent principles.
Adjustments made through CPC were not finally upheld where the assessee raised a valid factual plea on timing of salary payment. The ruling highlights that mechanical disallowances must give way to proper verification.
The Tribunal upheld deletion of unsecured loan additions after finding that the lenders identity, bank trail, and reserves were established. Low declared income alone was held insufficient to treat the credits as unexplained.
Despite non-compliance during assessment, the Tribunal upheld deletion of additions where facts showed only renewal of deposits. Ex-parte proceedings do not justify treating old FDs as unexplained investments.
