This blog post reflects on the implications of the OECD Global Minimum Tax, its impact on business and economies, and the other aspects that make it a paradigm shift in international taxation policy.

Assessment And Exemption of Income of University, Educational Institution, Hospital or Medical Institution ...

The assessee has filed this appeal challenging the order dt.16-07-2024 passed by the Ld. Commissioner of Income Tax (Appeals)-National Faceless Appeal Centre (NFAC), Delhi [ „ Ld.CIT (A)‟] and it ...

Conclusion: Enterprises claiming deductions under Section 80IC were not required to obtain government approval if they operate in notified special zones. Section 80IC did not mandate an agreement or ...

Bombay High Court, in CIT-7 v. Nicholas Piramal (India) Ltd., dismissed the Revenue’s appeal challenging the deduction ...

The Bombay High Court addressed an appeal by the revenue concerning alleged bogus purchases made by Ganesh Developers, a real estate firm, during the assessment year 2010-11. The Assessing Officer (AO ...

Bombay High Court overturned a reassessment notice issued to Indusind Media & Communications Ltd. under Section 148 of the Income Tax Act for the assessment year 2007-08. The core issue revolved ...

Kerala High Court directed the Income Tax Department to dispose of an appeal filed by Janayugam Publications Ltd against the assessment order for the year 2011-12, which had remained unresolved for ...

Bombay High Court, in H.K. Jewels Private Limited & Anr. v. ADIT Investigation & Ors., addressed the legality of gold and jewellery seized at Bhubaneswar Airport on May 12, 2024. The petitioners ...

Subject: Pendency of 5,49,042 before Commissioner of Income-tax (Appeals) / National Faceless Appeal Centre- Request for an early disposal of appeals of which some are pending for disposal for more ...

Financial institutions rely on property valuations to assess the credit worthiness of borrowers offering property as collateral. Accurate valuations are crucial for mitigating risk in case of default, ...

1. The new framework for Rights Issue process has been introduced vide notification of SEBI (Issue of Capital and Disclosure Requirements) (Amendment) Regulations, 2025, with Gazette ID ...