Judgement

Transfer pricing, Corporate guarantee, R&D deduction, Section 35(2AB), DSIR approval, Rule 10CA, Consistency principle

ITAT Ahmedabad deletes major TP additions, limits R&D deduction to DSIR approval

Articles

Nirmala Sitharaman proposed amendment to rationalise certain terms for treasury centres in IFSC

Budget 2026: FM Proposes to Simplify Dividend Provisions for IFSC Treasury Centres

News

Proposed tax changes will exempt the foreign income of eligible non-residents visiting India for the first time to work on government-notified schemes from April 2026.

Big Relief for NRIs: Foreign Income to Remain Tax-Free When Working on Govt Schemes from 2026

The Finance Minister, Nirmala Sitharaman, in the Union Budget 2026, proposed a major change to make GIFT City more competitive.

Budget 2026: Govt Proposes to Extend Deduction Period for Units in IFSC

ITAT Delhi holds that inadequate enquiry is not lack of enquiry; plausible AO view cannot be substituted under Section 263

PCIT’s Section 263 revision quashed where AO had made due enquiries on alleged bogus purchases

Refund delay traced to non-service and non-uploading of orders; taxpayer not to suffer for departmental lapses

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ITAT Ahmedabad deletes major TP additions, limits R&D deduction to DSIR approval

Budget 2026: FM Proposes to Simplify Dividend Provisions for IFSC Treasury Centres

Big Relief for NRIs: Foreign Income to Remain Tax-Free When Working on Govt Schemes from 2026

Budget 2026: Govt Proposes to Extend Deduction Period for Units in IFSC

PCIT’s Section 263 revision quashed where AO had made due enquiries on alleged bogus purchases

Delhi HC awards 6% interest on VAT refund delayed by over 15 years