The Income-tax Act, 2025 introduces a targeted exemption for foreign companies using notified Indian data centres. The measure removes source and permanent establishment concerns while reinforcing India’s ambition to become a global data and AI hub.
The Tribunal held that estimating profit at 20% of turnover in a milk trading business was arbitrary and unsupported by industry realities. It restricted the gross profit rate to 5%, recognising wastage, spoilage, and thin margins typical to the trade.
The new tax framework retains existing rates but introduces wide-ranging reforms in MAT, penalties, disclosures, and filing procedures.
The Finance Bill, 2026 proposes sweeping changes to TCS, return filing timelines, penalties, and MAT to simplify compliance and reduce litigation.
The Tribunal held that revision under section 263 was invalid where the MAT adjustment arose mechanically from a transition amount already examined in an earlier year, and no fresh error was shown.
The Court held that the extended limitation period under Section 74 was prima facie invoked only for specific ITC allegations and not for all demands. Recovery was stayed as most claims appeared to fall outside the extended period.
The Tribunal held that remanding an assessment under the amended section 251(1)(a) is legally valid. The key takeaway is that appellate remand powers now have clear statutory backing.
The 2026 baggage reforms increase duty-free allowances, permit a laptop separately, and modernise customs procedures, making international travel simpler and more predictable.
The court ruled that a consensual relationship cannot justify online harassment, threats, or circulation of obscene material. Privacy and dignity remain inviolable, and such allegations can bar anticipatory bail.
The High Court set aside a GST demand where no show cause notice or hearing opportunity was given. The ruling reiterates that adjudication without due notice violates natural justice.
