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Union Budget 2026–27: Critical FEMA, Buyback, IFSC and M&A Structuring Considerations for Deal Practitioners

Summary The Finance Act 2026 introduces a range of changes that, while individually modest in scope, compound into meaningful shifts in deal ...
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Alternative Investment Avenues Explained: Fractional Ownership, NCDs, AIFs, and Property Flipping

Summary The four alternative investment avenues examined in this article — fractional investing, NCDs, AIFs, and property flipping — each offer a ...
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Pension and Gratuity Cannot Be Seized by Bank to Recover Deceased Husband's Loan: Andhra Pradesh High Court

Summary The Andhra Pradesh High Court's ruling in Arevarapu Indira Vs Indian Overseas Bank (Writ Petition No. 7055 of 2021) firmly establishes that a ...
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Social Forestry Expenditure and Agricultural Income: Gujarat High Court Rules on J K Paper Limited's Forestry Division

The Court's ruling ultimately drew a careful line between expenditure that constitutes agricultural activity rooted in basic land operations and expenditure that, while superficially linked to the ...
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TDS Deduction on Interest Extends Limitation Period for Loan Recovery Suits: Delhi High Court Ruling

Summary The Delhi High Court's judgment in Amit Gupta Vs Sandeep Gupta reaffirms a significant legal position at the intersection of income tax law and ...
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Rajasthan High Court Rules CBDT Cannot Impose Prior Eligibility Condition on Settlement Applications Filed Within Extended Deadline

Summary The Rajasthan High Court's ruling in Vishnu Kumar Gupta Vs DCIT establishes a clear and important proposition: the power of the CBDT under ...
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GST Adjudication Order Quashed by Karnataka High Court for Denial of Effective Hearing Opportunity — King Enterprise Case

Summary The Karnataka High Court, in King Enterprise Vs. Assistant Commissioner of Commercial Taxes (Audit), Writ Petition No.107390 of 2026, set aside ...
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Absence of Commercial Sales Cannot Justify Blanket Capitalisation of Division Expenses: ITAT Chennai Deletes Rs. 10.70 Crore Disallowance in Pochiraju Industries Case

Summary The Chennai bench of the ITAT, in Pochiraju Industries Ltd. Vs ACIT (ITAT Chennai), ITA No. 1072/Chny/2025, deleted a disallowance of ...
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CESTAT Chennai Upholds Extended Limitation and CENVAT Credit Reversal Demand Against GE T&D Ltd. for Non-Reversal of Credit on Provisioned Raw Materials

Summary The CESTAT Chennai's decision in GE T&D Ltd. Vs Commissioner of GST & Central Excise serves as a significant affirmation of the mandatory character ...
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Bangalore ITAT Extends ₹25 Lakh Leave Encashment Exemption to AY 2020–21 Despite 2023 Notification Date — Yashavanth Nayak Case

Summary The Bangalore Bench of the ITAT, in Yashavanth Nayak Vs ITO (ITA No. 37/Bang/2026, order dated 28 September 2026), resolved two significant ...
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Post-Interception Document Generation Cannot Cure GST Violations Under Section 129 — GSTAT Bengaluru Ruling

Summary The GSTAT Bengaluru ruling in Heramb Enterprises Vs C Pushpalatha firmly establishes that an assessee cannot remedy a Section 129 violation ...
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Anticipatory Bail Does Not Lapse on Chargesheet Filing: Supreme Court Ruling in Sumit vs State of U.P.

Summary The Supreme Court's ruling in Sumit Vs State of U P & Anr. firmly establishes that anticipatory bail, once granted after due judicial ...