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An Advance Pricing Agreement is voluntary agreement entered into between the Central Board of Direct Taxes and any person (entity).

In a recent decision, the Division Bench of Bombay High Court ("HC") upholding the decision of the Income Tax Appellate Tribunal, Mumbai ("Tribunal") dismissed the appeal filed the tax department.

The issue before the Apex Court for consideration was whether the arrest provisions provided under the Customs Act, 1962 and Goods and Services Tax Law [GST Law] [hereinafter referred to as ‘Special Laws' collectively]...

This article aims to analyse the case of Assistant Commissioner of Income-tax (Exemptions) v. Ahmedabad Urban Development Authority which is landmark case that dynamically changed the interpretation of Section 2(15) of the Income Tax Act, 1961.

Sizzling!, is the word that can describe the current relationship of the Government of India, Income Tax Authorities, and those who have failed to disclose their income.

The Union Budget 2025, presented by Finance Minister Nirmala Sitharaman on February 1, 2025, has significant implications for employees in India, particularly in terms of income tax relief...

The Input Tax Credit (ITC) has been the most vexed issue under the GST law, with debates on issues of cascading not properly addressed in the present scheme of law.

The Central Board of Direct Taxes (CBDT) issued Circular No. 3/2018 dated 11 July 2018 which supersedes CBDT Circular No. 21/2015 dated 10 December 2015

Amongst the various modes of restructuring through which a business can be transferred, ‘Slump Sale' has been one of the most popular methods, especially when the restructuring was within the group.

Delhi Tribunal rejects addition of arm's length notional interest by re-characterization of redeemable preference shares into loan

It is a trite to say that India's judicial system is bursting at seams and matters linger before Tribunals and courts for decades

Hinduja Global Solutions Ltd (‘HGSL') had entered into a Scheme of Arrangement with NXTDigital Ltd involving demerger of digital, media and communications business of NXTDigital Ltd into HGSL.

The government has issued various notifications to give effect to the recommendations of the GST Council. The key amendments have been captured in this alert.

With increased scale of globalisation and growing levels of economic activities, the entrepreneurs, to explore global market potentials, are expanding their business activities in various countries.

On November 19, 2025, the Ministry of Finance announced the Capital Gains Accounts (Second Amendment) Scheme, 2025, marking a vital step towards the modernization of the Capital Gains Accounts Scheme, 1988 (CGAS).

In May 2021 I had written an article ‘Indian Customs – Gate Keeper or facilitator ', doing realty check on compliance to Citizen Charter of the Central Board of Indirect Taxes and Customs by the officers of the CBIC while discharging their duties.

The expression 'willfully admits' employed in the above provision is an inclusive one, despite which, it does not, in any way, change the common and fundamental meaning of it.

Tribunal refuses to accept the calculation of fair market value of redeemable preference shares based on net worth of the issuing company.