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A New Era in GST Law: Key Takeaways from the Shilpa Medicare Ruling and the Road Ahead for GST Administration
1. Introduction: Significance of the Shilpa Medicare Case in GST LawOn January 31, 2026, the Andhra Pradesh High Court delivered a landmark judgment in Shilpa Medicare Limited v. Union of India, signi...
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Enhanced Overview of the Invoice Management System (IMS): Critical Considerations for the Industry
Introduction: Evolution of IMS in GST ComplianceThe Invoice Management System (IMS), introduced in October 2024, represents a significant step towards the government’s broader goal of automating retur...
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GST Implications on Transferable Development Rights (TDR): The Case for Exemption
Introduction: The Paradox of Taxation on TDR CompensationIn the Indian legal landscape, while direct tax exemptions safeguard the compensation received from compulsory land acquisition, the applicabil...
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GST Liability on Renting of Immovable Property under Reverse Charge Mechanism (RCM): Complexities in Absence of Actual Rent Payment
IntroductionThe reverse charge mechanism (RCM) in the Goods and Services Tax (GST) regime continues to broaden, particularly concerning the renting of immovable property from unregistered persons. Thi...
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Consolidated Show Cause Notices Under Section 74 of CGST Act: Why Financial Years Cannot Be Combined
Introduction: The Core Issue with Consolidated NoticesThe question of whether tax authorities may issue a single show cause notice under Section 74 of the Central Goods and Services Tax Act, 2017 (CGS...
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GST Compliance 2026: The Transition to Real-Time ITC Validation and Hard Controls
1. Introduction: From Reactive Dispute Resolution to Proactive GST ComplianceThe Indian GST framework is experiencing a transformative overhaul in its compliance operations. Traditionally, GST complia...
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Tax Morale and Tax Compliance: The Interplay of Institutional and Perceptual Factors in Delhi-NCR
OverviewTaxation forms the backbone of economic development by funding essential public infrastructure and services. A robust and equitable tax regime not only ensures fiscal sustainability but also c...
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Revisional Jurisdiction Under Income Tax Law: A Comparative Study of Section 263 (ITA 1961) and Section 377 (ITA 2025)
IntroductionThe Union Budget 2024-25 set in motion a major overhaul of India’s direct tax legislation, resulting in the enactment of the Income Tax Act, 2025. This modern statute seeks to simplify, cl...
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Taxation of Salary Earned Abroad and Deposited in Indian NRE Accounts
Overview of Taxability for Non-Resident AssesseesSection 5 of the Income Tax Act, 1961, governs the scope of total income for various residential statuses. For non-resident assessees, the primary conc...
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Tax Sovereignty and Treaty Certainty: An Analysis of the Supreme Court’s Ruling in Tiger Global
1. OverviewOn January 15, 2026, the Supreme Court of India delivered a landmark judgment in The Authority for Advance Rulings (Income Tax) v. Tiger Global International II Holdings (“Tiger Global”). T...
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Tax Exemption on Gifts Received After Marriage: Legal Interpretation and Tribunal Rulings
Introduction: Understanding Tax Exemption on Marriage GiftsThe question of whether gifts received after the wedding ceremony are exempt from taxation under Indian law has sparked much debate. A strict...
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Assessment of Statutory Liability Assignment at NPV: Remission under Section 41(1) vs. Discharge under Section 43B
Introduction: The Dynamic Nature of Income Tax LawsThe provisions within Indian income-tax legislation often present interpretational challenges due to the legislature’s evolving language and judicial...
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Addressing Inconsistencies in Interest Computation: The Need for Revisiting Section 437
Overview of Tax Collection and Recovery Mechanismsi) Methods of Tax Collection under Section 390Section 390 of the 2025 Act outlines the methods available to authorities for collecting and recovering...
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Section 147A of the Finance Bill, 2026: Retrospective Amendments and Legal Analysis
IntroductionThe introduction of Section 147A through the Finance Bill, 2026, has prompted significant discussion regarding its constitutional legitimacy, especially considering its retrospective appli...
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Requirement of Natural Justice Prior to Prosecution under Indian Income Tax Law
1. Introduction: Requirement of Natural Justice Prior to Prosecution under Indian Income Tax LawThe framework under Section 279 of the Income Tax Act, 1961, and its successor provision, Section 491 as...
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Union Budget 2026: India’s Expanding Approach to Energy Transition Beyond Renewables
Introduction: Redefining Clean Energy PathwaysOver the last ten years, India’s clean energy policy has predominantly focused on scaling up renewable energy capacities—such as solar and wind—under the...
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Major Changes to Minimum Alternate Tax (MAT) in Budget 2026 – A Simplified Analysis with Practical Scenarios
OverviewThe Finance Bill, 2026 introduces sweeping reforms to the Minimum Alternate Tax (MAT) provisions under section 206 of the Income-tax Act, 2025. These changes signify a new policy direction, si...
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Retrospective Amendments in Tax Law: A Critical Analysis
Introduction: Budget 2026-27 and Renewed Focus on RetrospectivityThe Union Budget for 2026-27 has been widely praised for its measures to boost India's economic growth amidst global uncertainty, drive...
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Reassessment on Borrowed Satisfaction: Legal Nuances in Issuance of Notice under Indian Income Tax Law
Introduction to Sanction Requirements in Reassessment Proceedings(i) The Role of Specified AuthorityBefore an Assessing Officer (AO) can issue a notice for reopening an assessment under Section 148 (n...
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TaxCorp Daily Digest 17-02-2026
Quick SummaryRBI Regulatory Overhaul: Comprehensive framework amendments for capital market exposures, REIT/InvIT lending, and concentration risk management across commercial banks, SFBs, and AIFIsITA...