• May 18, 2025

Editorial Team – [2025] 174 taxmann.com 584 (Article) World Tax News provides a weekly snippet of tax news from around the globe. Here is a glimpse of the tax happening in the world this week – 1. OECD updates GloBE Model Rules commentary The OECD has released the 2025 update to the Consolidated Commentary on the […]

• May 17, 2025

Case Details: Arun Gopilal Samnani vs. Income-tax Officer - [2025] 174 taxmann.com 33 (Ahmedabad-Trib.) Judiciary and Counsel Details Sanjay Garg, Judicial Member & Smt. Annapurna Gupta, Accountant Member Biren Shah, AR for the Applicant. Ashok Kumar Suthar, Sr. DR for the Respondent. Facts of the Case The issue before the Tribunal was as follows: “Form No. 10-IE was […]

• May 16, 2025

S. Krishnan – [2025] 174 taxmann.com 454 (Article) 1. Introductory Remarks The provisions of section 54 and section 54F of the Income-tax Act (the Act) provide for deduction from capital gains in case of reinvestment in residential property (house) subject to fulfilment of certain conditions. But the principal question to be answered is what is a […]

• May 15, 2025

Ritika Singh – [2025] 174 taxmann.com 372 (Article) The creditor-in-control model and the debtor-in-possession model represent two competing paradigms in corporate insolvency law, each with distinct implications for creditor rights, business viability, and economic efficiency. Considering global insolvency frameworks, which model better facilitates optimal debt resolution while balancing stakeholder interests? Critically evaluate the theoretical foundations, […]

• May 14, 2025

S. Krishnan – [2025] 174 taxmann.com 361 (Article) 1. Introductory Remarks The Legislature while taxing capital gains, arising from transfer of a capital asset, apart from providing deductions under section 54 of the Income-tax Act (the Act) and other allied sections, firstly provides deduction under section 48(i) of the Act in respect of expenditure incurred […]

• May 13, 2025

Case Details: Income DCIT vs. Patanjali Ayurved Ltd. - [2025] 174 taxmann.com 170 (Delhi-Trib.) Judiciary and Counsel Details Anubhav Sharma, Judicial Member & S. Rifaur Rahman, Accountant Member S.S. Nagar, Adv. & Gaurav Sachdeva, CA for the Appellant. Javed Akhtar, CIT-DR for the Respondent. Facts of the Case The assessee-company was engaged in trading and manufacturing […]

• May 12, 2025

Start-ups and MSMEs, both play a vital role in innovation, employment, and entrepreneurship. But a common question arises—can a start-up also register as an MSME to unlock dual benefits under both regimes? With revised definitions, expanded thresholds, and overlapping eligibility, the distinction between the two has become more nuanced than ever. This article demystifies the […]

• May 11, 2025

Amit Sharma – [2025] 174 taxmann.com 283 (Article) Recently, the government has become strict with timely compliance and in order to promote the same, we have observed that the deductions/lower rate benefits are generally linked to timely filing of return and relevant forms. And with this spirit, when in the year 2020 the government introduced […]

• May 10, 2025

Case Details: Union of India v. Access Diamonds (P.) Ltd. - [2025] 174 taxmann.com 182 (SAFEMA-New Delhi) Judiciary and Counsel Details G.C. Mishra & Rajesh Malhotra, Member Pranav Mishra, Adv. for the Appellant. Apoorv Singhal, Adv. for the Respondent. Facts of the Case In the instant case, the Respondent Company had exported diamonds but failed to […]