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

Seaview Developers Pvt. Ltd. (‘Assessee’) was engaged in the business of developing and leasing commercial real estate property in India, particularly an SEZ project in Uttar Pradesh. Being an SEZ developer/operator, the Assessee was eligible to claim deduction under section 80-IAB of the Income-tax Act, 1961 (the ‘Act’) for profits derived from development and operation of the SEZ.

Amid investors' rising sophistication and demand for bespoke, diversified portfolios, SEBI issued a Consultation Paper on 23 July 2026 proposing a major overhaul of the SEBI (Portfolio Managers) Regulations, 2020. The proposals aim to widen investment opportunities, rationalise compliance, consolidate provisions, simplify language and remove redundancies. Public Comments may be submitted to SEBI until 13 August 2026

Under FEMA, the rules related to investment by a person resident outside India in an Indian company are provided under Foreign Exchange Management (Non-debt Instruments) Rules, 2019 (‘NDI Rules’).

The Assessee, Smt. Indira Kamineni, is an individual and one of the beneficiaries of a private family trust known as KSN Trust. She filed her return of income for Assessment Year 2018-19 under Section 139(1) of the Income-tax Act, 1961 (‘the Act’) on 30.03.2019, declaring nil total income.

The Hon'ble Delhi Income Tax Appellate Tribunal (hereinafter referred to as ‘Delhi ITAT') in the case of Mitsui Kinzoku Components India Pvt. Ltd. v. CIT (Appeals)...

The India–United Kingdom Comprehensive Economic and Trade Agreement (“India‑UK CETA”) will enter into force with effect from 15 July 2026. Consequently, the Customs Tariff...

The Assessee1 transferred a depreciable capital asset and computed capital gain from it at INR 752.34 Crores in accordance with the provisions of Section 50 of the Income-tax Act, 1961 (‘the Act’).

The taxpayer is engaged in the manufacture and supply of electrical apparatus and was also undertaking the sale of MEIS duty credit scrips. During FY 2017-18 to FY 2019-20...

The Mumbai ITAT held that Fair Market Value(‘FMV’) of ESOP shares on the exercise date would constitute the cost of acquisition under section 49(2AA) of the Income-tax Act, 1961 (the ‘Act’), notwithstanding that the related ESOP perquisite was not taxable in India. The Tribunal ruled that section 49(2AA) of the Act does not require actual taxation of the perquisite in India and directed recomputation of capital gains by considering FMV of ESOP shares as the cost of acquisition.

The Assessee raised funds through External Commercial Borrowings (‘ECBs') and Non-Convertible Debentures (‘NCDs') and deployed the proceeds towards investment in the share capital of its overseas subsidiary companies.

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]...

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 issue before the Apex Court for consideration was whether the arrest provisions provided under the Customs Act, 1962 and Goods and Services Tax Law are constitutional and whether the statutory and constitutional safeguards are followed by the authorized officers while exercising the powers of the arrest under the Special laws.

The Assessee1 is a private trust settled on 01-Sep-2021 by Mr. Venu Srinivasan (‘Settlor') for the benefit of his family members.

The Lok Sabha has passed the Taxation & Other Laws (Amendment) Bill, 2026 (‘Amendment Bill’). The said Amendment Bill replaces the Income-tax (Amendment) Ordinance, 2026 which was earlier passed on 5 June 2026 and also proposes other amendments to the Income-tax Act, 2025 (‘the Act’), the most notable amendment being in respect of taxation of unitholders and SPVs of business trusts.

GB Global Limited, a listed company (equity shares presently not traded), was admitted into Corporate Insolvency Resolution Process (CIRP) in September 2017.

Amidst the brouhaha surrounding the removal and a sort of re-introduction of the indexation benefit on the sale of capital goods, the Finance (No.2) Bill, 2024 (‘the Finance Bill') was introduced in Lok Sabha on August 6, 2024, for consideration and passed on August 7, 2024.

The Mumbai Bench of the NCLT has sanctioned the Scheme of Amalgamation between The Kolhapur Steel Ltd ("Transferor Company") and Karad Projects and Motors Ltd ("Transferee Company")...

Hon’ble Mumbai Tribunal holds that where the sale consideration for unquoted shares exceeds the Rule 11UA FMV, the AO cannot substitute the actual consideration with a higher value derived from asubsequent independent strategic transaction.