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Explore key Indian tax rulings on FDI policy amendments for land-border countries, share buyback taxation under section 56(2)(x), tenancy rights in property redevelopment, and transfer pricing safe harbour rules. Discover how recent tribunal decisions impact corporate restructuring, foreign exchange compliance, and depreciation on goodwill from intra-group amalgamations.

Section 281 of the Act requires a transferor to obtain the permission of the tax officer before creating a charge on certain

When the new government took over and assumed the office, it was anticipated that many path breaking decisions would be taken.

In M&A transactions, it is common for buyers to include non-compete obligations restricting sellers from engaging in similar businesses for a defined period.

Transfers of immovable property are required to take place at a fair valuation as per Indian tax laws.

On February 1st, 2022, during her budget speech, India's Finance Minister made a huge announcement which is somewhat considered as a setback for the crypto industry.

The primary purpose of double taxation avoidance agreements ("DTAAs") is to eliminate double taxation by providing taxing rights or granting tax credit...

Finance Act, 2021 has made substantial changes to the regime of taxation of partnership firms with regard to outgoing or retiring partners.

Between October 2011 to April 2015, the Applicants invested in the shares of Flipkart Private Limited, a company incorporated in Singapore (Flipkart).

An Indian company cannot be considered as an agent of its non-resident shareholders in relation to the overseas transfer of its shares.

The Supreme Court recently in Jupiter Capital[1] upheld the ruling of Bombay High Court that the complete reduction of capital (resulting in cancellation of shares) would be tantamount to transfer in terms of Section 2(47)...

The CBDT, through its press release dated 28 September 2026, has extended the due date for furnishing the Return of Income for Assessment Year 2026-27 in the case of persons covered under the specified category in the table to Explanation 2 to section 139(1) of the Income-tax Act, 1961, i.e. persons whose accounts are subject to audit under the Act. The original due date for furnishing the return was 31 October 2026. The CBDT has extended this date by 21 days, and the revised due date is 21 November 2026.

In a significant move to deepen foreign participation in India’s sovereign debt market, the Government of India promulgated the Income-tax (Amendment) Ordinance, 2026 on 5 June 20261, introducing a comprehensive tax exemption for eligible foreign investors investing in Government securities. Effective retrospectively from 1 April 2026, the Ordinance exempts specified income arising from Government securities from withholding tax and long-term capital gains tax, thereby addressing one of the principal tax-related barriers to foreign investment in Indian debt markets.

The assessees* are investment companies of the Jindal Group holding shares in operating companies, Jindal Ferro Alloys Limited (‘JFAL') and Jindal Strips Limited (‘JSL').

We are pleased to present the latest edition of Tax Street – our newsletter that covers all the key developments and updates in the realm of taxation in India and across the globe for the month of July 2021.

The Federal Government of Nigeria has announced the extension of the deadline for filing returns under the Voluntary Assets and Income Declaration Scheme (VAIDS).

The Mumbai Bench of the Income Tax Appellate Tribunal (Tribunal) in a recent decision has questioned the 'reading in' of the condition of 'beneficial ownership' (as opposed to legal ownership)...