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Overview of India's Expanding Trade FootprintIndia has witnessed a remarkable surge in its global trade engagement over the last decade, with total exports increasing from USD 468 billion in 2014–15 t...

Focused Direct Tax Initiatives in Budget 2026The Union Budget 2026 introduces a suite of targeted direct tax proposals designed to reinforce India's standing as a global technology center, enhance cer...

1. Overview: India’s Strategic Push for Data Centre Growth1.1 Policy Context and Budget 2026 InitiativesIn the 2026 Budget, the Government of India has focused on bolstering tax compliance and simplif...

Human Error and Legislative Compassion in Tax LawIt is a universal truth that mistakes are inevitable, and while forgiveness is a virtue rarely seen in fiscal statutes, the introduction of sub-section...

IntroductionIn the course of tax proceedings, practitioners often encounter scenarios where an assessee fails to file an appeal or application within the statutory deadline. In such cases, the assesse...

1. Introduction: The Changing Terrain of Tax ProcedureFor many years, India’s tax litigation landscape operated on the fundamental premise that both assessees and revenue authorities were equally boun...

OverviewThe use of statements or information from third parties as the basis for making additions to taxable income has long been a contentious area in Indian income-tax practice. With the advent of t...

Overview: Examining the Court Order and the Jurisdictional Challenge(i) Background and ContextThe present analysis revisits the Andhra Pradesh High Court’s order dated 20 November 2025 (Writ Petition...

Introduction: Policy Reversal on Sovereign Gold Bond Tax ExemptionThe recent Union Budget 2026 has introduced a significant modification to the tax treatment of Sovereign Gold Bonds (SGBs) in India. P...

Overview: The Tax Landscape for Spot Crypto TransactionsThe digital asset market in India has rapidly transformed into a multifaceted financial arena, generating various income streams for assessees—p...

Introduction: A New Era of Fiscal DisciplineThe Union Budget for 2026, presented by the Hon’ble Finance Minister on February 1, 2026, outlines a transformative agenda focused on establishing robust fi...

1. Background of the Dispute(i) The Parties and Their Structure(a) Tiger Global International II Holdings, III Holdings, and IV Holdings (collectively "TGM Mauritius") are private entities incorporate...

1. Introduction: The Crucial Role of Show Cause Notice in Income Tax ProsecutionThe current legal regime under Section 491 (formerly Section 279) represents both the most onerous and most benevolent a...

Overview: Anticipations and Context(i) Individual Assessees’ Expectations and Tax Relief ProspectsAs the announcement of the Union Budget 2026 nears, individual assessees are keenly awaiting the Finan...

The upcoming Union Budget 2026–27 is anticipated to reinforce India’s economic trajectory by deepening structural reforms, maintaining fiscal discipline, and prioritizing productive capital outlays. T...

Overview: Budget as a Tool for Economic Assessment and Future PlanningEvery budget, whether at a household or national level, serves to evaluate current financial realities and chart a path toward tar...

1. IntroductionImagine receiving an income tax notice, actively cooperating with the Income Tax Department, only to later realize that the Assessing Officer (AO) handling your assessment lacked the le...

Overview of the RulingThe Gujarat High Court, in its recent decision concerning M/s Alstom Transport India Limited (SCA No. 11025 of 2025, decided January 23, 2026), has set a precedent for handling I...

What has changed? Everything you need to know about the new compliance landscapeFebruary 2026 — In a move towards simplification and modernization, the Indian government has released the Draft Income...

1. Introduction: Navigating the New Data Privacy LandscapeThe Digital Personal Data Protection Act, 2023—enacted on August 11, 2023—marks India's inaugural foray into comprehensive privacy regulation....