TAXATION


Prashant Jha (Bar  and   Bench) 19 January 2026
The Delhi High Court on Monday quashed the income tax reassessment notices issued to NDTV founders Prannoy Roy and Radhika Roy in March 2016 over certain interest-free loans advanced by RRPR Holding, the promoter of NDTV.    A Division Bench of Justices Dinesh Mehta and Vinok Kumar also...

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Makar Sankranti, in the south of the country, particularly in Tamil Nadu, is the harbinger of a new solar month that is eagerly awaited to start new initiatives - a marriage in the family, buying a house, or starting a business.   Even the most sanguine in the finance ministry would not have...

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Moneylife Digital Team 15 January 2026
In a significant blow to foreign investors leveraging offshore structures, the Supreme Court of India has ruled that US-based investment firm Tiger Global must pay capital gains tax on its US$1.6bn (billion) stake sale in Flipkart to Walmart in 2018. The verdict, delivered by justice JB...

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KBS Sidhu 14 January 2026
What the Income-Tax Numbers Reveal Beyond the CBDT Press Note   India’s latest direct-tax numbers paint a picture that is neither a triumph nor a disaster. They suggest a system that remains broadly stable in aggregate, but one that is increasingly dependent on individuals—and on accounting...

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Moneylife Digital Team 08 January 2026
US president Donald Trump has backed a hardline bipartisan sanctions bill that would allow Washington to impose tariffs of up to 500% on countries purchasing Russian oil, significantly raising pressure on major buyers such as India, China and Brazil.   The development was confirmed by...

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Moneylife Digital Team 05 January 2026
US president Donald Trump has publicly linked India’s recent reduction in Russian oil purchases to trade pressure from Washington, warning that the US can raise tariffs on Indian goods 'very quickly' if New Delhi fails to address American concerns.   Speaking to reporters aboard Air Force One...

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Moneylife Digital Team 02 January 2026
India’s net goods and services tax (GST) collections grew 2.2% year-on-year in December 2025 to ₹1.45 lakh crore, marking the slowest pace of growth in indirect tax revenues since December 2024. The subdued performance highlights the pressure from weak domestic demand and elevated refund...

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Moneylife Digital Team 31 December 2025
Central bureau of investigation (CBI) has arrested Prabha Bhandari, an officer from the Indian Revenue Service (IRS) cadre who was working as deputy commissioner of customs & indirect taxes along with Anil Tiwari and Ajay Kumar Sharma, both superintendents from the Central goods and services...

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Prashant Jha (Bar  and   Bench) 24 December 2025
The Delhi High Court on Wednesday said that an urgent meeting of the Goods and Services Tax Council (GST Council) should be convened to consider the issue of classifying air-purifiers as 'medical device' and slashing the GST levied on them from 18 to 5 percent (Kapil Madan vs Union of India &...

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Moneylife Digital Team 22 December 2025
The Mumbai bench of the income tax appellate tribunal (ITAT) has allowed a cooperative housing society (CHS)’ claim for deduction on interest income earned from fixed deposits (FDs) placed with a cooperative bank, reiterating that such income qualifies for relief under Section 80P(2)(d) of the...

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Sikha Bansal  and   Nitu Poddar 16 December 2025
The Indian Stamp Act, 1899 (Stamp Act) was amended in 2019 through the Finance Act, 2019 ('Amendment'), broadly to introduce a unified mechanism for the levy and collection of stamp duty on the issuance and transfer of securities. This was done through the insertion of Sections 4(3), 9A, 9B,...

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KBS Sidhu 12 December 2025
The Indian Constitution promises equality before the law. Yet in recent years, the income tax department’s application of Section 13A—which governs the exemption of political party income from taxation—has raised uncomfortable questions about whether this principle applies uniformly or...

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Moneylife Digital Team 10 December 2025
The Mumbai bench of the income-tax appellate tribunal (ITAT) has set aside an addition of ₹59.87 lakh made by the income-tax (I-T) department on the basis of stamp duty valuation, holding that the valuation prevailing on the date of the property’s allotment must be adopted when part...

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Moneylife Digital Team 08 December 2025
The directorate of enforcement (ED) has attached proceeds of crime worth ₹4,189.89 crore in a series of crypto-linked money laundering investigations and declared one accused as a fugitive economic offender, the government informed the Lok Sabha on Monday. Further, as part of its compliance...

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Moneylife Digital Team 01 December 2025
The Chartered Accountants Association of Surat (CAAS) has filed a fresh writ petition before the Gujarat High Court under Article 226 of the Constitution, alleging systemic failures in the income-tax (I-T) department’s e-filing portal and chronic delays in the release of statutory forms and...

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KBS Sidhu 28 November 2025
CBDT’s NUDGE2 is a hook to fish out illegally parked funds abroad   The central board of direct taxes (CBDT)’s latest press note on its “2nd NUDGE” initiative reads like a polite reminder, but the subtext is chillingly clear. The CBDT has announced that, from 28 November 2025, SMS and email...

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Moneylife Digital Team 27 November 2025
In a major crackdown on suspected corruption within the Jaipur bench of income-tax appellate tribunal (ITAT), central bureau of investigation (CBI) has arrested a judicial member, a city-based lawyer and an appellant for their alleged involvement in a bribery syndicate operating to secure...

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Moneylife Digital Team 14 November 2025
The Delhi zonal unit of the directorate general of goods and services tax (GST) intelligence (DGGI) has uncovered a large-scale racket involving fraudulent availment and passing of input tax credit (ITC) valued at around Rs645 crore. According to an official release, officers detected a network...

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Moneylife Digital Team 05 November 2025
The Mumbai bench of the income-tax appellate tribunal (ITAT) has ruled in favour of actor Aishwarya Rai Bachchan, deleting a Rs4.11 crore disallowance made by the assessing officer (AO) under Section 14A of the Income Tax Act, 1961, read with Rule 8D. The tribunal held that the disallowance was...

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Moneylife Digital Team 30 October 2025
The Karnataka High Court (HC) has disposed a writ petition filed by Buckeye Trust after the income tax appellate tribunal (ITAT) president reassigned its case to a different bench, following concerns that an earlier tribunal order appeared to have been generated using artificial intelligence...

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