406 results found

In recent years, corporate India has witnessed an increasing number of amalgamations, group consolidations, and share-swap mergers driven by restructuring, capital efficiency, and regulatory considerations. Such transactions are often designed on the assumption that share-for-share exchanges are tax neutral, particularly where no cash changes hands.

In a landmark ruling with far‑reaching implications for high‑net‑worth individuals and globally mobile Indian entrepreneurs, the Bangalore Bench of the Income Tax Appellate Tribunal (ITAT) has held that Mr. Binny Bansal...

The Delhi High Court in the matter of Sudhir Gopi v. Indira Gandhi National Open University and Ors. passed an order on May 16, 2017 deciding whether the corporate veil should be lifted ...

The FA, 2018 introduced Section 112A into the Tax Act with effect from April 01, 2018 wherein it stipulated that the capital gains of more than INR 1,00,000 received for alienation of equity shares of a company...

In 2015, SEBI had set up the standing Alternative Investment Policy Advisory Committee ("AIPAC") under the chairmanship of Mr. Narayan Murthy. AIPAC released its first report on January 20, 2015 ("Report").

Estate and succession planning aids in establishing an orderly process of transferring a person's wealth and assets.

The 2026 Budget has introduced significant changes that will impact various aspects of taxation. Our experts at Lakshmikumaran & Sridharan Attorneys have analysed these announcements and their implications.

Mergers and Acquisitions (M&A) is the most popular route used by companies looking to consolidate businesses, expand operations, rationalize holding structures.

As India advances deeper into the Kartavya Kaal, the Union Budget 2026-27 signals a maturing growth strategy one that prioritizes responsibility, resilience, and long-term value creation as the country moves...

India's dealmaking story in 2025 has been defined by resilience. Even as global macroeconomic uncertainty dampened sentiment, the country recorded transactions worth USD 50 billion in the first half of the year, with renewable energy, financial services and consumer businesses drawing the largest flows.

Petroleum products are outside the coverage of GST. Consequently, these products suffer non-creditable GST and other costs/taxes on their procurement which leads to a cascading effect.

In India, Non-Resident Indians (NRIs) are subject to the country's succession laws concerning the inheritance of property situated within Indian territory.

In a high-stake matter involving tax amount of approximately INR 19,000 crore, Cognizant India filed an appeal before the Madras High Court against the decision of the Chennai Tribunal.

GIFT City (Gujarat International Finance Tec-City) has matured from a bold idea into India's functioning International Financial Services Centre (IFSC).

India has witnessed an unprecedented growth in the domain of investment funds, at a global level.

This article addresses whether transactions excluding certain identified assets and, or, liabilities will qualify as a slump sale under the Income Tax Act, 1961.

The Income Tax Act, 1961 (the Act) includes provisions for the set off of losses under sections 70 and 71 for taxpayers who have incurred losses during the year.