The Finance Bill 2025 – ‘Budget for people of India’
A Budget for ‘people of India’ The Hon’ble Finance Minister, Ms. Nirmala Sitharaman, presented her 8th...
Budget 2025 Highlights
Budget 2025 highlights: With focus on enhancing consumption, generation of employment and reducing fiscal deficit, various...
Whether capital reduction can be construed to be ‘transfer’ ?
Supreme Court (‘SC’) in the case of Jupiter Capital Pvt Ltd[1] (‘Assessee’) has held that the...
Whether section 56(2)(x) of the IT Act apply on ‘Interest in partnership firm’ ?
Recently Bengaluru bench of Income Tax Appellate Tribunal (‘the ITAT’) in case of Buckeye Trust (‘Taxpayer’)...
Transfer pricing adjustment on genuine business expenditure ?
Recently, the Income Tax Appellate Tribunal (ITAT) Mumbai has ruled in favor of Otis Elevator Company...
Exemption u/s 54F for only a residential property
Assessee[1] is an individual and has inherited a property after the demise of her husband in...
TDS u/s 195 on warehouse space charges ?
Income Tax Appellate Tribunal (‘the ITAT’), Delhi Bench, held that warehousing space charges paid by resident...
Delhi: Payment of stamp duty on WOS merger under ‘conveyance’ entry
Hon’ble Delhi High Court in the matter of Ambuja Cements[1], passes an important judgement regarding the...
Interest on perpetual debenture, an allowable expenditure?
Mumbai ITAT in case of TMF Holdings Ltd (‘Assessee’)[1], has held that the interest paid on...
Reclassification of portfolio investment into Foreign Direct Investments
The Reserve Bank of India (RBI), in consultation with the Government of India (GoI) and the...