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The rapid global scale outbreak of the novel coronavirus (COVID-19) has taken the world by storm.

Overall, by effectively showcasing the value and impact of the licensed IPR on the company's operations and growth in the Indian market, companies can increase their chances of successfully negotiating a more favorable tax arrangement with the authorities.

Exemption from taxation on income generated by charitable institutions is a fundamental draw for many institutions to be incorporated as a charitable institution.

The Union Budget 2026 has introduced significant changes with wide-ranging implications. Our experts at Lakshmikumaran & Sridharan Attorneys have analysed these announcements in detail.

The West Bengal Tax on Entry of Goods into Local Areas Act, 2012 (Act) was introduced to boost the state's revenue. Since its inception, the Act has been the focal point of significant legal debate and judicial scrutiny. Back in 2013, the Ld. Single Judge of the Hon'ble Calcutta High Court had struck down the Act as unconstitutional for being violative of Article 301 and 304(b) of the Indian Constitution

A question arises is whether a foreign company which has earned income from a source in India is required to file its tax return in India.

As per the settled position of law, the National Company Law Tribunal (‘NCLT' or ‘Tribunal') can reject a scheme of arrangement only in cases where: (a) the scheme is proved to be a sham...

It has always been a subject of controversy that companies/trusts/ societies are first granted registrations as charitable organizations under the Income Tax Act; and then after few years the same Department who have provided the said registrations, question the charitable nature of the activities performed by such companies/trusts or societies.

The Bangalore bench of the Income Tax Appellate Tribunal (Tribunal), on 22 December 2017 ruled in favour of Texport Overseas Private Limited (Taxpayer) and held that since clause (i) of Section 92BA of the Income Tax Act, 1961 ...

By an order dated May 21, 2024 ("Order"), the Hon'ble Maharashtra Electricity Regulatory Commission ("MERC") in Case No. 244/AD/2022 held that T.P Kirnali Limited was impacted...

On 28th February, 2015, the Finance Minister of India, Mr. Arun Jaitley presented the Union Budget for the Financial Year 2015-2016, causing a commotion in the service industry of the economy.

Artificial Intelligence has transformed the way information is processed and consumed, offering unprecedented capabilities and value across fields like medicine, law, journalism, and finance.

To have parity in the tax treatments for the OECD member nations, the concept of Most Favoured Nation (MFN) is prevalent under the International tax laws.

Most businesses have become comfortable with UAE corporate tax filing by now.  The deadlines are on the calendar, the forms are familiar, and finance teams are well into the rhythm. What fewer businesses have stopped to check is whether the accounting software they're running can actually keep up with what's coming next.  This includes everything from transfer pricing schedules to the phased rollout of e-invoicing.  This guide explains what that readiness actually looks like for finance directors, SME owners, and compliance officers working through UAE corporate tax compliance right now.

The Covid-19 pandemic is widely spreading across the globe and has resulted in a lot of hardship for everyone.

The recent Supreme Court ruling in the Tiger Global matter marks a decisive shift in Indian international tax jurisprudence, which for over a decade had been shaped by the Court's landmark decision...

The Income Tax Appellate Tribunal (Tribunal), Delhi bench in the case of Augustus Capital Pte Ltd [2020] (120 taxmann.com 325) (Taxpayer) ruled that the capital gain arising on transfer...