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Examining the Infosys Green Forum Decision: CSR, Charitable Purpose, and Income Tax Exemption under Section 12AB
1. OverviewThe evolution of Corporate Social Responsibility (CSR) compliance and eligibility for income tax exemption in India has sparked considerable debate, particularly following the 2021 amendmen...
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Section 2(47A) and Virtual Digital Assets: Evolving Definitions and Global Convergence
1. OverviewThe Indian regulatory landscape for crypto-assets has witnessed significant transformation since the Finance Act, 2022, which formally inserted Virtual Digital Assets (VDAs) into the Income...
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Union Budget 2026: Key Proposals and Anticipated Reforms in Indian Taxation and Business Laws
1. Introduction: A Budget for Growth, Trust, and TransformationAs India readies itself for the Union Budget 2026, the Finance Minister, Smt. Nirmala Sitharaman, is presented with the formidable task o...
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Re-examining Residential Status Under Income Tax Act: Insights from the Binny Bansal Case
Overview(i) Context and Relevance of the Tribunal’s DecisionThe Bangalore Bench of the Income Tax Appellate Tribunal (ITAT) in the case of Binny Bansal (Assessment Year 2020-21) has provided a nuanced...
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In-Depth Overview of Suo Motu Registration Authority Under the Rajasthan Public Trusts Act, 1959
1. IntroductionMisconceptions About Regulatory Evasion in Rajasthan’s Trust SectorIn Rajasthan, it is a common yet perilous misconception that charitable or religious bodies can avoid the jurisdiction...
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Understanding the Supreme Court’s Stand on Parallel GST Proceedings: Insights from Armour Security (India) Ltd. v. Commissioner, CGST, Delhi East Commissionerate
Significance of the Supreme Court JudgmentThe Supreme Court’s decision in Armour Security (India) Ltd. v. Commissioner, CGST, Delhi East Commissionerate [2025] 177 taxmann.com 478/111 GST 400 (SC) is...
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Reconceptualizing “On His Own Account” in Section 17(5)(d) of the CGST Act: Capitalization, Input Tax Credit Continuity, and Timing Dilemmas
1. OverviewThe phrase “on his own account” in Section 17(5)(d) of the Central Goods and Services Tax (CGST) Act, 2017, has sparked divergent interpretations, especially within the real estate and hosp...
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Revising Best Judgment Assessments under Section 263: Legal Principles and Practical Guidance
OverviewThe authority granted to the Commissioner under section 263 of the Income-tax Act, 1961, has been interpreted by courts as a supervisory tool, designed to safeguard revenue interests by allowi...
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Best Judgment Assessment under Section 144: Limits on Revisional Powers under Section 263
1. OverviewThe revisional jurisdiction granted to the Commissioner under section 263 of the Income-tax Act, 1961, has long been debated in Indian tax jurisprudence. Section 263 is essentially a superv...
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The Digital Transformation of ITAT: Dissecting the 2025 Amendments to Appellate Tribunal Rules
Introduction: Ushering in a Digital Era for ITATThe Ministry of Law & Justice, in collaboration with the Income Tax Appellate Tribunal (ITAT), Mumbai, has brought forth the Income-tax (Appellate Tribu...
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A New Era for ITAT: Key Highlights of the Income-tax (Appellate Tribunal) Amendment Rules, 2025
1. IntroductionThe Ministry of Law & Justice, in collaboration with the Income Tax Appellate Tribunal (ITAT), Mumbai, has taken a monumental step towards digital transformation by releasing the Income...
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Interpreting the Nuances of “Communication” under GST Law
Introduction: The Significance of Communication in Legal ProceduresEffective communication within the framework of Indian law is essential to ensure fairness, prevent arbitrary actions, and guard agai...
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Artificial Intelligence and the Indian Tax Administration: Opportunities, Challenges, and the Road Ahead
OverviewArtificial Intelligence (AI) is reshaping India’s tax administration, offering innovative solutions to long-standing issues such as tax evasion, compliance complexity, and transparency deficit...
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Examining the Mismatch in Renewal Periods: Section 80G vs. Section 12AB after the Finance Act, 2025
Introduction: The New Challenge for Indian Charitable TrustsIndia's charitable and religious trust landscape is at a pivotal juncture. For the first time since sweeping changes to their registration a...
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The Dilemma of ITC Mismatches Under Section 16(2)(aa)
1. Overview: The Dilemma of ITC Mismatches Under Section 16(2)(aa)Input Tax Credit (ITC) remains the backbone of the GST framework in India, crafted to prevent the cascading of taxes by allowing credi...
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Refund of Unutilized Input Tax Credit (ITC) upon Business Closure: Legal Position under GST
1. OverviewClosing a business is a significant event for any entity, often likened to a personal breakup, with the added complexity of legal and tax obligations that persist even after commercial acti...
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Major Shifts in the Income-tax Act, 2025: Analysis and Practical Implications
1. Introduction and Rationale for the New LegislationBackground and Purpose of OverhaulThe Income-tax Act, 2025 supersedes the Income-tax Act, 1961 after more than sixty years, addressing the complexi...
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Foreign Tax Credit (FTC) in the Absence of Indian Tax Liability: Legal Position and Practical Insights
Background and ContextFor a long time, Indian enterprises with international income sources have navigated uncertainty concerning cross-border tax credits. The recent pronouncement by the Delhi Bench...
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Reframing Evidentiary and Procedural Standards: ITAT Mumbai's Key Rulings in Search-Based Reassessments
OverviewThe Mumbai Bench of the Income Tax Appellate Tribunal (ITAT), in the case of Veda Real Estate Corporation (P.) Ltd. v. Dy. CIT ([2025] 180 taxmann.com 331; order dated October 28, 2025), has d...
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Analyzing Search and Seizure Powers in Income Tax Law: The Intersection with Digital Privacy
Introduction to the Income Tax Act, 2025: A New EraThe Income Tax Act, 2025, represents a comprehensive revamp of the longstanding Income Tax Act, 1961. This new legislation is not merely an update bu...