The amendments modify shipping tax provisions to fully integrate inland vessels into the tonnage tax regime. Regulatory ...

The amendment clarifies how the sixty-day period under transfer pricing law must be calculated. It removes ambiguity that had ...

Failure to file PAS-6 within time attracted penalties under section 450 despite subsequent compliance. Timely half-yearly ...

The adjudicating authority held that omission of a registered valuer’s report in PAS-3 filings attracts penalty under section ...

The adjudicating authority held that filing AOC-4 after prolonged delay attracts penalty despite eventual compliance.

A fresh one-year window allows eligible investors to re-lodge pre-April 2019 physical share transfers and complete ...

The U.S. announced a reduction of tariffs on Indian goods to 18%, indicating a strategic reset in bilateral trade. The move ...

Payments made pursuant to allotment confer valuable property rights. Their relinquishment through an agreement to sell amounts to a statutory transfer, entitling the assessee to compute gains or ...

The Finance Bill, 2026 introduces a clear definition of “commodity derivative” in the Income-tax Act, 2025. This aligns the new law with existing tax provisions and removes ...

The Finance Bill corrects an inadvertent drafting error in spouse income provisions. This clarification improves accuracy in applying clubbing ...

The Finance Bill, 2026 clarifies that section 144C timelines govern final assessment orders. Sections 153 and 153B apply only up to the draft order stage, ending years of ...

The tribunal held that cash deposits were largely explained through earlier withdrawals and business receipts. Only an estimated 10% addition was sustained, and harsh taxation under section 115BBE was ...