The government revised the import policy for platinum articles, moving them from free to restricted import status. Only limited re-import categories are now permitted without restriction.
The new law replaces dividend-style taxation on buybacks with capital gains treatment. Retail investors now pay tax only on real profits instead of the entire buyback amount.
The Finance Bill, 2026 replaces automatic tax-free redemption with strict eligibility conditions. Only original subscribers holding bonds until maturity retain the exemption.
The High Court refused bail, citing prima facie evidence of bribery to influence a court order. The ruling underscores zero tolerance for acts undermining public trust in the judiciary.
The issue highlighted is Budget 2026’s failure to address everyday compliance and procedural problems. The key takeaway is that systemic inefficiencies and complexity continue despite promises of simplification.
The Budget projects steady growth with fiscal discipline while introducing structural tax reforms. The key takeaway is stability in rates alongside simplification and long-term competitiveness.
The Bill retains corporate tax rates while rationalising MAT and offering targeted incentives for IT, cloud services, and global investors. The key takeaway is stability combined with strategic reforms to boost competitiveness.
The tribunal held that additions made solely on the basis of a statement recorded from an employee during survey proceedings are unsustainable in law. Statements by non-assessees cannot justify undisclosed income additions without independent corroboration.
ITAT Mumbai held that protective additions under Sections 68 and 69C cannot survive once substantive additions are confirmed in the hands of beneficiaries. The ruling prevents double taxation of the same income and limits misuse of protective assessments.
Delhi High Court held that there cannot be indefinite pretrial detention when the existence of proceeds of crime itself is seriously in doubt. Accordingly, continued detention is not warranted hence bail application allowed and regular bail granted.
