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The Finance Bill 2023 proposes to amend Section 28(iv) of the Income Tax Act, 1961 (IT Act) to include cash/ monetary perquisites as well within its ambit.

The Union Minister for Finance and Corporate Affairs presented the Finance Bill, 2026 by Bill No. 3 of 2026 ("Union Budget") in the Parliament on 01.02.2026.

On February 01, 2019, the Indian Finance Minister presented an interim Budget for financial year ("FY") 2019-20 ("Budget").

The Special Economic Zone (SEZ) regime, which was introduced in 2005 to promote exports and improve balance of payments, became less lucrative with sunset of ...

In a recent judgement in the matter of Union of India v Bharat Forge Ltd, Civil Appeal No. 5294/2022, the Supreme Court (SC) set aside the decision of Allahabad High Court (HC)...

Amongst the few clear defenses available to a private party aggrieved by a Government renegading on its promise, the doctrine of promissory estoppel is the most prominent and time-tested defense.

The Government is working towards controlling the import of non-essential goods in India with the objective of checking the current account deficit.

One Third deduction towards value of land in construction contracts for residential units, held ultra vires the GST Acts and is read down as optional in cases where actual value not ascertainable - Gujarat High Court

We welcome you to the latest edition of ELP Knowledge Series, a quarterly analysis of curated topics pertaining to critical legal and regulatory developments that can create risk for businesses in India.

The Central Board of Direct Taxes (CBDT) has issued a notification dated 31 March 2026 (Notification), providing a significant clarification on the non-applicability of General Anti-Avoidance Rules (GAAR) with respect to income arising from the transfer of an investment that was made prior to 1 April 2017. This development seeks to resolve the ambiguity that arose pursuant to the judgment of the Hon’ble Supreme Court (SC) in the case of Tiger Global International II Holdings.

CBDT, in exercise of its powers conferred by clause (v) of the Explanation to section 48 of the Income Tax Act, 1961 (‘the Act'), vide Notification No. 70/2025 dated 1st July, 2025...

The decision came where the Court declined the Income Tax Department's plea to release over INR 34.69 crore in fixed deposits seized during a tax raid on Stockguru India, a firm accused of operating Ponzi schemes.

The "Goods and Services Tax" (GST) is one of the most significant tax reforms in India post independence.

CBEC issues clarification on applicability of Service Tax on freight-forwarders as intermediary.

Delhi Income Tax Appellate Tribunal dealt with the issue of taxability of income received by the assessee, which is not attributable to its Permanent Establishment in India.

This note intends to analyse the draft notification issued by the CBDT under the third proviso to the clause (38) of section 10 of the Income Tax Act, 1961 highlight its impact on the primary and secondary market transactions.

On 12 October 2020, His Majesty, the Sultan of Oman, Sultan Haitham bin Tariq bin Taimur, issued Royal Decree No.121/2020 in relation to the implementation of VAT in Oman.

The Double Taxation Avoidance Agreement (DTAA)/ Tax Treaty between Switzerland and India was initially signed on 2 November 1994 and then amended by protocols...