AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
ITAT holds cash deposits during demonetisation cannot be added under Section 68 if sourced from disclosed and taxed cash sales with supporting records.
ITAT holds Toyota Tsusho lacked permanent establishment in India as supervisory activities fell short of six-month threshold under India-Japan DTAA Article 5(4).
The ITAT ruled that profits from offshore supply are not taxable in India when title, payment, and supply operations occur outside India under Sections 5(2) and 9(1)(i) of the Income Tax Act.
The ITAT held that cost-to-cost salary reimbursement for seconded employees without markup does not constitute fees for technical services (FTS) and is not taxable in India.
SEBI settles disclosure and governance proceedings against five Adani Group firms for over ₹1.5 crore without admission of liability.
ITAT holds that cash deposits during demonetisation cannot be added as unexplained income under section 68 if supported by sales records and already taxed.
ITAT holds that Toyota Tsusho did not create a permanent establishment in India as supervisory activities did not exceed 183 days, per Article 5(4) of the India-Japan DTAA.
ITAT rules that profits from offshore supply contracts are not taxable in India when title, payment, and supply operations occur entirely outside India under section 5(2) and 9(1)(i) of the Income Tax Act.
The ITAT held that cost-to-cost salary reimbursement for seconded expatriate employees, without markup, does not constitute Fees for Technical Services (FTS) and is not taxable in India.
RBI issues final directions on novation of over-the-counter (OTC) derivative contracts following public consultation and stakeholder feedback.
Exim Bank signs GOI-supported $4,850 crore line of credit with Maldives for development projects, notified by RBI to authorised dealer banks.
The RBI has issued an indicative calendar for the auction of Government of India dated securities for October 2026 to March 2027, including Sovereign Green Bonds, enhancing market transparency.
Company Secretaries play a growing role in coordinating DPDP Act compliance, Board oversight, and cybersecurity incident disclosures under SEBI LODR.