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Suraj R Agrawal

Latest Posts by Suraj R Agrawal

Budget 2026 Proposes Tax Exemption for Foreign Use of Indian Data Centres

February 2, 2026 1731 Views 0 comment Print

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.

Section 197 Certificates Can’t Be Denied on Overturned Past Assessments: Delhi HC

January 28, 2026 630 Views 0 comment Print

The court held that tax authorities cannot rely on earlier findings already set aside by appellate bodies. Each Section 197 application must be examined independently.

RBI’s New FEMA (Guarantees) Regulations, 2026: More Important Than Ever

January 15, 2026 1512 Views 0 comment Print

The 2026 regulations replace the old FEMA framework and tighten oversight of guarantees. The key takeaway is clearer eligibility, reporting, and risk control.

A comprehensive analysis of function of electronic information in tax assessments

August 7, 2024 1590 Views 0 comment Print

Explore how electronic data transforms tax assessments, highlighting accuracy issues, verification needs, and taxpayer rights as seen in the Benaifer Vispi Patel case.

Comprehensive Overview of Key Tax Amendments in Finance Bill 2024

July 23, 2024 2643 Views 0 comment Print

Explore the Finance Act 2024 amendments impacting income tax rates, TDS, capital gains, and more. Stay informed on key changes affecting businesses and individuals.

Tax Avoidance and Invocation of GAAR: Case of Ayodhya Rami Reddy Alla

June 11, 2024 4545 Views 1 comment Print

Explore the Ayodhya Rami Reddy Alla vs PCIT case, delving into GAAR vs SAAR implications. Understand the Telangana High Court’s ruling on tax avoidance and the invocation of GAAR.

ITAT Rulings on TP Adjustments, ESOP Expenses & Section 14A Disallowance

June 11, 2024 1191 Views 0 comment Print

Tribunal upholds CIT(A) decisions in DCIT Vs Astral Limited case, offering key insights on TP adjustments, ESOP expenses, and Section 14A disallowance.

No Section 56(2)(viib) on Loan Conversion to Equity; Choice of Valuation Method with Assessee, not AO

June 7, 2024 2388 Views 0 comment Print

Explore the implications of the PCIT Vs I.A. Hydro Energy case regarding loan conversion to equity under Section 56(2)(viib) of the Income Tax Act, 1961, highlighting the choice of valuation method with the assessee.

Carry Forward & Set Off of Losses in Case of Closely Held Companies [Section 79]

June 15, 2022 6672 Views 0 comment Print

Learn about carry forward and set off of losses in case of closely held companies under Section 79. Understand the conditions for carrying forward losses and make informed financial decisions.

Carry Forward & Set Off of Accumulated Business Losses and Unabsorbed Depreciation in Certain Cases

June 13, 2022 24357 Views 0 comment Print

Carry Forward and Set Off of Accumulated Business Losses and Unabsorbed Depreciation in Certain Cases of Amalgamation, Demerger, Re-organisation of business & Conversion of a company into LLP

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