The UAE Federal TaxAuthority (FTA) has recently issued Public Clarification CTP011¹, setting out its position on downward transfer pricing (TP) adjustments made by a Taxable Person in the Corporate Tax Return, along with the disclosure and documentation expected to support such adjustments.

Globe Capital Market Ltd (‘Assessee’), is engaged in the business of the share broking and clearing of trades.

The Bombay High Court has ruled that GST is not applicable on corporate guarantees issued without consideration. This landmark decision addresses a critical question for businesses...

The assessee, a private limited company incorporated in Mauritius, acts as an investment holding company by investing in securities of Indian companies...

The Reserve Bank of India (‘RBI') has issued the Reserve Bank of India (Investment in AIF) Directions, 2025 wherein it has revised the regulatory framework for investment in Alternative Investment Funds...

The Assessee1 filed his return of income (‘ROI') for AY 2018-19 declaring total income of INR 17.59 crores. Thereafter, the Assessee filed the revised ROI with total income of INR 13.89 crores.

The Bangalore Bench of the ITAT has delivered an important ruling clarifying the tax treatment of consideration received on repurchase of vested but unexercised employee stock options (ESOPs). The Tribunal held that such consideration is taxable as capital gains and not as salary since the options were never exercised and no shares were allotted.

In light of the recently held 26th meeting of the International Financial Services Centres Authority (‘IFSCA'), the IFSCA has vide notification dated 27 January 2026, notified the IFSCA (Fund Management) (Amendment)...

A batch of writ petitions led by Maruti Enterprise challenged the constitutional validity of Section 16(2)(c) of the CGST Act, 2017 before the Hon’ble Gujarat High Court. The petitioners had been denied Input Tax Credit ("ITC") in cases where the supplier had failed to deposit the GST collected from them with the Government, despite the purchasers having paid the full invoice value including GST and having undertaken bona fide transactions.

Suvarna Chandrakant Bhojane (‘the Assessee'), had entered into a development agreement for construction of flats on her land.

The Petitioner(s) being exporters were eligible for refunds of taxes paid on input goods or/and input services, or the IGST paid on exported goods, as provided under section 16 of the IGST Act, 2017.

The Asssessee, is a Mauritius based entity, registered as a FPI with SEBI and possess a valid Tax Residency Certificate.

The General Agreement on Tariffs and Trade (GATT), established in 1947 from the 1944 Bretton Woods Conference, played a pivotal role in shaping the modern global trading system by reducing the trade barriers and promoting economic recovery post war.

In the present case, a show cause notice was issued to M/s M.M. Motors (‘the Petitioner’) on 20 December 2023, alleging tax short-payment/wrong availment of ITC for the period April 2018 to March 2019. The time limit prescribed for passing the adjudication order under Section 73 was extended up to 30 April 2024 through various notifications under Section 168A of the CGST Act.

The RBI had issued a Circular1 (‘RBI Circular') permitting Indian Resident Individuals (‘RIs') to open Foreign Currency Account (‘FCA') with IFSC Banking Units (‘IBUs')...

The Respondent, M/s Skylink Construction Pvt. Ltd., was registered under service tax for providing construction services, including construction of commercial/industrial buildings...

The Central Board of Indirect Taxes and Customs ("CBIC") has issued guidelines for investigation proceedings conducted by CGST field formations. Officers are instructed to conduct investigations in accordance...

The petitioner, a pharmaceutical company engaged in research and development (R&D), had two GST-registered units, one in Vizianagaram, Andhra Pradesh and another in Bengaluru, Karnataka both operating under the same PAN.

Recognising the persisting challenges, the GST Council has introduced a significant reform. It has been recommended to amend Section 15(3)(b) and Section 34 of the CGST Act...

The Indian insurance sector has reached a historic milestone. Following the notification of the Sabka Bima Sabki Raksha (Amendment of Insurance Laws)...