Supreme Court strikes down President Trump's use of the International Emergency Economic Powers Act [IEEPA] to levy broad tariffs on imports during declared National Emergencies

High Court holds that the transfer of business as a going concern is not a taxable supply under GST, recognises such transfer of business between two distinct GST registrations of the same legal entity, and permits transfer of unutilised input tax credit.

During the assessment, the Assessing Officer (AO) observed that the assessee* had no business activity or any revenue and had still claimed deduction of certain expenses.

Extending the GIFT City/IFSC tax holiday to 20 years is a standout, with post-holiday period tax rate at a concessional 15%, which is clearly a long-horizon commitment that should accelerate banking...

The Hon'ble Pune Tribunal in case of Aptara Technologies Private Limited v. DCIT has held that depreciation on goodwill arising pursuant to an intra-group amalgamation is not allowable.

Finance Act, 2023 had amended the provisions of section 28(iv) of the Income-tax Act, 1961 ('the Act') w.e.f. 01 April 2024 by including benefit or perquisites arising from business...

Assignment by way of sale / transfer of leasehold rights of plot of land would be covered under clause 5 of Schedule III of the CGST Act which provides that sale of land...

The Mumbai bench of Income Tax Appellate Tribunal (ITAT), on 17th October 2025, issued a ruling in favour of Netflix Entertainment Services India LLP...

The Applicant, Zydus Lifesciences Ltd., is engaged in the manufacturing, supply & distribution of various pharmaceutical products.

The Asssessee , was established in Saudi Arabia and is certified to be a tax resident in Saudi Arabia for the purposes of India-Saudi Arabia DTAA (‘the Treaty').

In pursuance of the recommendations of the 56th GST Council Meeting held at New Delhi on 03 September 2025, the Government vide Circular No 251/08/2025 – GST dated 12 September 2025 (‘the Circular')...

At its 26th meeting, the International Financial Services Centres Authority (‘IFSCA') approved a series of regulatory measures aimed at enhancing the ease of doing business in GIFT-IFSC while continuing...

The Assessee was allotted property with a stamp duty value of INR 11.69 Crores, under a Permanent Alternate Accommodation (PAA) agreement executed in March 2017.

Section 233 of the Companies Act, 2013 (‘the Act') read with Rules1 provides for fast-track merger or amalgamation of: (a) Two or small companies...

The Mumbai ITAT, in the context of the Sterling Holidays / Thomas Cook group restructuring, examined the tax neutrality of a demerger involving a non-conventional structure.

The CBIC has issued the Customs (Voluntary Revision of Entries Post Clearance) Regulations, 2025, exercising powers under sub-section (1) of section 157 and sub-section (1) of Section 18A of the Customs Act, 1962, with effect from 1st November 2025.

The issue consisted of batch petitions filed with the Hon'ble Madras High Court involving more than 300 petitions. The challenge was made to Notification Nos. 09/2023-C.T. and 56/2023-C.T.

India remains at the forefront of Global Capability Centres (GCCs) expansion, witnessing unprecedented growth over the past five years.

The ("CBIC") has issued frequently asked questions (‘FAQ') on the taxation of Restaurant services and has clarified following...

Recently, the UAE Federal Tax Authority has activated the Pillar Two registration functionality on the Emara Tax portal.