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In a significant development, the Supreme Court, by its judgment dated January 15, 2026, has ruled against the Mauritian investment entities of Tiger Global in relation to their...

The transfer of foreign assets often entails a complex interplay of international and domestic taxation principles. In India, the Income Tax Act, 1961 ("Income Tax Act") governs the taxation of such transactions.

In a huge relief to the Birla Group, the Mumbai Bench of the Income-tax Appellate Tribunal (Tribunal) has recently set aside a capital gains addition of over INR 5,200 crores . . .

Recently, the Bengaluru Bench of the Customs, Excise and Service Tax Appellate Tribunal (Tribunal) passed a ruling in the case of M/S. ICICI Econet Internet And Technology Fund And Others ...

Hon'ble Finance Minister presented India's Union Budget for financial year 2025-26 yesterday. With a coalition government and this being the 11th Budget for the present NDA government...

Recently, the Ahmedabad Tribunal in case of Gujarat Fluorochemicals Ltd[1] held that the full value consideration, to compute capital gain under a slump sale transaction ...

ESOPs are a stock option provided by a company to its employees, to purchase its shares on future dates and at a pre-determined price.

The Government of India promulgated the Income-tax (Amendment) Ordinance, 2026 (Ordinance No. 2 of 2026) on 5 June 2026, for immediate legislative action.

An individual salaried taxpayer (the "Individual") purchased bitcoins during the financial year 2015-16 and sold them in the financial year 2020-21.

The finance bill presented in July 2024 has proposed doing away with the indexation benefit for properties purchased after 2001, while reducing the long-term capital gains tax from 20% to 12.5%.

Authority for Advance Rulings (AAR): Capital Gain arising on transfer of shares of Indian listed company was held to be exempt from tax in India in the hands of a company resident of Mauritius.

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 February 2023.

Tax on capital gains has always been a concerning matter for the Government as well as taxpayers. Firstly because of the transaction

Recently the Bombay High Court has pronounced a very useful and interesting decision which will be greatly appreciated by FIIs investing in Indian debt instruments.

In Fireeye Ireland Ltd v ACIT, the Delhi Bench of the Income Tax Appellate Tribunal (ITAT) allowed the benefit of the capital gains tax exemption to an Irish tax resident on sale of shares of a US LLC deriving substantial value from India, a transaction commonly referred to as an ‘indirect transfer’. While allowing such exemption, the ITAT relied on Article 13(6) of the India-Ireland Double Taxation Avoidance Agreement (DTAA) which provides that income arising from the alienation of assets is taxable only in the state of which the seller is a resident.

In the recent case of Bray Controls South East Asia Pte Ltd v. Commissioner of Income (International Taxation), W.P.(C) 17911/2024, the Delhi High Court examined an intragroup transfer of shares ...

The Reserve Bank of India ("RBI") has recently released a discussion paper titled "Discussion Paper – Presence of Foreign Banks in India" ("Discussion Paper"), wherein RBI has proposed that the foreign banks which are desirous of having presence in India should, in certain circumstances ("WOS Category"), mandatorily incorporate wholly owned subsidiary ("WOS").