The Mumbai ITAT ruled that Section 54F capital gains exemption should be calculated on gross long-term capital gains before setting off losses under Section 70. This decision clarifies that the tax relief for reinvestment in residential property cannot be reduced by offsetting long-term capital losses from other transactions.

The Department for Promotion of Industry and Internal Trade (‘DPIIT’) issued a Press Note No. 3 (2026 Series) on 23 July 2026 amending the Consolidated FDI Policy Circular of 2020 dated 15 October 2020 (‘FDI Policy’) in relation to foreign funded e-commerce companies.

The two-year limitation period prescribed by law for refund claim of tax wrongly paid is merely directory in nature and not mandatory; legitimate refund claim cannot be denied on the ground of limitation.

In a recent ruling pronounced by the Hon'ble Delhi High Court in the case of Equity Intelligence AIF Trust vs the CBDT and Anr, the Court has provided the much-needed tax relief...

The International Financial Services Centres Authority (‘IFSCA'), in its meeting held on June 24, 2025 has, inter alia, approved pivotal amendments to the IFSCA...

The Petitioner had challenged the proceedings initiated by the Department for denial of refund claims by invoking Rule 89(4B) of the CGST Rules, 2017. Rule 89(4B), along with Rule 96(10), was omitted by Notification No. 20/2024-Central Tax dated 08 October 2024, without any saving clause preserving pending proceedings. 

The Appellant, engaged in the business of manufacturing security inks and solutions, was registered under GST in Sikkim. The Respondent's operations were dependent upon supply orders from the Reserve Bank of India.

Vide circular dated 7 June 2024 (Circular), the Reserve Bank of India (‘RBI') has introduced two important amendments related to investment under Overseas Portfolio Investment (‘OPI') route.

The Bombay High Court ruled on a writ petition filed by Tata Sons Private Limited challenging aspects of arbitration proceedings involving NTT Docomo Inc.

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

India's Economic Survey 2026 reaffirms a steady, structurally strengthening economy - despite an increasingly volatile global backdrop.

Under the extant tax law, a unit in the International Financial Services Centre (‘IFSC') is eligible for availing a 100% tax deduction on certain eligible income for a period of 10 consecutive years out of 15 years...

The Petitioner was engaged in importing tin and lead ingots from Malaysia and claimed preferential customs duty benefits under Customs Notification No. 46/2011, based on Certificates of Origin...

Bombay High Court held that the situs of a trademark assignment depends on the location of its owner, following the principle mobilia sequuntur personam.

Theassessee was engaged in the business of manufacturing goods and providing services. The surplus profit earned by the assessee...

The Supreme Court has clarified the service tax treatment of marketing and promotion expenditure incurred by a broadcaster on commercially exploiting acquired music and song video rights.

The Chennai Tribunal in the case of Vestas Wind Technology India Pvt. Ltd. v. ITO* has held that disallowance u/s 94B of the Incometax Act, 1961 (“the Act”) cannot be sustained since it violates the non-discrimination clause contained in Article 24(4) of the India– Denmark Double Taxation Avoidance Agreement (“DTAA”).

ThePetitioner, Alstom Transport India Limited (‘ATIL'), came into existence pursuant to an order dated August 10, 2023, passed by the National Company Law Tribunal...

GST authorities must act within the framework of law, respect jurisdictional boundaries, and avoid arbitrary demands that go beyond statutory provisions.

The Supreme Court has clarified the service tax treatment of marketing and promotion expenditure incurred by a broadcaster on commercially exploiting acquired music and song video rights. The Court upheld the CESTAT’s view that such expenditure does not represent consideration for any taxable service to the film producers, since the broadcaster promoted the rights for its own benefit as assignee and therefore no taxable service relationship existed.