ITAT denies depreciation on artificial goodwill created upon intra-group amalgamation

Assessment on non-existent entity is void; “technical glitch” not curable u/s 292B

In absence of business nexus, no interest deduction allowed u/s 36(1)(iii) for leveraged acquisition

Capital appreciation on conversion of OCRPS into equity shares not taxable under section 56(2)(x)

Relaxations introduced for Fund Management Entities in IFSC

Receipt of assets by a private trust established solely for benefit of relatives covered by exception under clause (X) of proviso to section 56(2)(x)

Receipt of Shares of Amalgamated Company in Lieu of Stock-in-Trade Taxable

Reference to charging section mandatory to make additions; definition section cannot create tax liability

IFSCA Introduces New Global In-House Centres Regulations

Supreme Court Ruling in case of Tiger Global: Key observations and takeaways

Delhi ITAT Allows DTAA Benefit on DDT; Caps DDT at 10% under Indo-Japan DTAA

Income-tax to be levied on real income and not notional income

Key Decisions from the IFSCA Meeting held on the 22nd December 2025

GB Global Limited – BSE Returns Amalgamation Scheme citing Regulation 37 of SEBI LODR

SEBI Unveils Modalities for Transition to Accredited Investor-Exclusive Schemes and Eases Norms for Large-Value Funds

Godfrey Phillips India Limited vs Commissioner, Central Tax, New Delhi [Service Tax Appeal No. 51478 of 2022] dated December 5, 2025

Key Amendments to the SEBI (Foreign Portfolio Investor) Regulations, 2019

ITAT Ruling on Netflix India : Rejects re-characterization of limited risk distributor

AO cannot reject the prescribed method of Valuation, ITAT deletes addition under Section 50CA

Kerala HC upholds proviso to section 194A(3) of Income tax Act, 1961 for high-turnover co-operative societies