Artificial Intelligence & Transfer Pricing: The Strategic Imperative for Global Businesses

Navigating the Aftermath - A Review of the Xiaomi India Ruling

NCLT: Rejects liquor wholesaler’s insolvency application against Khao Gali Restaurants

NCLT: Initiates bankruptcy process against former Deccan Chronicle promoter

Has Hyatt Laid A Hiatus to Physical Presence Test?

Bombay HC stays SCN on taxability of corporate guarantee issued to Reliance Power

ITAT: Allotment letter an enforceable agreement, satisfies Contract Act for Sec. 56(2)(vii)(b) proviso; Deletes addition

• In Favour of Assessee
• Citation Number : TS-1691-ITAT-2025(Mum)

AT PMLA: Upholds FEMA penalty over forex loan extended without RBI-approval

AT PMLA: “Customs Act proceedings independent of FEMA”; Reduces penalty citing credible retracted statements

HC: FEMA proceedings civil, not criminal; Protection for women under Cr.P.C. Sec. 160 inapplicable to ED summons

CBDT notifies transfers/postings & assigns additional charge to officers in Pr.CCIT/Pr.DGIT/CCIT/DGIT grade

Copy of Bombay HC order granting GAAR interim relief in Hinduja Group case

ITAT: ITAT: Addition for bogus purchases u/s 69 unsustainable sans rejection of books of accounts u/s 145(3)

• In Favour of Assessee
• Citation Number : TS-1680-ITAT-2025(DEL)

ITAT: Deletes addition u/s 69C & 69A, as AO exceeded revision jurisdiction under Section 263; Cash transactions duly explained

• In Favour of Assessee
• Citation Number : TS-1688-ITAT-2025(DEL)

ITAT: Reimbursement of salaries paid to seconded employees on cost-to-cost basis not taxable FTS; Relies on Boeing India ruling

• In Favour of Assessee
• Citation Number : TS-1689-ITAT-2025(DEL)

ITAT: Allows Sec. 54F deduction for residential property, as other under-construction property declared as business asset

• In Favour of Assessee
• Citation Number : TS-1690-ITAT-2025(Ahd)

ITAT: Donation received for organising Janmashtami Mahotsav & allied religious activities do not constitute business income u/s 11(4A)

• In Favour of Assessee
• Citation Number : TS-1681-ITAT-2025(DEL)

5 Key observations by Bombay HC while granting interim GAAR relief to Hinduja group

CAG issues compliance/performance audit report of GST, Customs duty & Duty Drawback Scheme

MoS Corporate Affairs outlines initiatives undertaken to strengthen ease of doing business