The latest rulings in international tax and transfer pricing continue to shape India’s cross-border taxation landscape, offering critical clarity on treaty interpretation, MLI applicability, and notional income taxation. In a significant decision, the Mumbai Tribunal in Sky High Appeal XLIII Leasing Company Ltd. vs. ACIT (IT) held that the [...]
The recent overhaul of India’s share buyback tax rules has left investors and market participants rethinking their strategies. What once seemed like an easy arbitrage opportunity — tendering shares at a premium buyback price — may now result in lower post-tax returns than simply selling in the open market. [...]
In recent months, the Indian judiciary has delivered two pivotal rulings that reaffirm certainty, fairness, and principle-based interpretation in customs law. The Supreme Court’s landmark decision in L.G. Electronics India Pvt. Ltd. emphasized that technical classification disputes cannot override legitimate benefits under Free Trade Agreements (FTAs) — a significant relief [...]
India’s trade and customs landscape witnessed several important policy developments during August and September 2025, aimed at boosting trade facilitation, easing compliance, and supporting exporters. The Central Government extended the customs duty exemption on cotton imports till 31st December 2025, ensuring continued relief for the textile sector amid volatile [...]
The months of September and October 2025 have seen a wave of significant GST reforms, aimed at simplifying compliance, enhancing transparency, and aligning the indirect tax framework with the evolving needs of trade and industry. The Central Board of Indirect Taxes and Customs (CBIC) issued a series of circulars [...]
The past month has witnessed several significant judicial pronouncements shaping the contours of GST law and its interpretation. From the Madras High Court striking down the extension of limitation period as arbitrary, to the Sikkim High Court ruling that refund of unutilised ITC upon closure of business is impermissible, the [...]
The Reserve Bank of India (RBI) continues its regulatory push toward simplification, liberalization, and enhanced financial inclusion under the Foreign Exchange Management Act (FEMA), 1999 and related frameworks. In a series of key updates issued between August and October 2025, the RBI has announced reforms impacting trade, external borrowing, co-lending, [...]
The months of August and September 2025 witnessed a series of significant regulatory developments across company law, accounting standards, and securities regulation, reflecting the government’s ongoing efforts to simplify compliance, enhance transparency, and align Indian standards with global practices. The Ministry of Corporate Affairs (MCA) introduced the Companies (Indian [...]
The financial reporting landscape continues to evolve with significant updates in accounting and sustainability standards. The Institute of Chartered Accountants of India (ICAI) has released the Compendium of Indian Accounting Standards (Ind AS) 2024–2025, incorporating key amendments notified by the Ministry of Corporate Affairs (MCA). These include changes to Ind [...]
As the world faces the dual challenge of climate change and rapid digital transformation, technology is emerging as a powerful ally in driving global sustainability. From AI-enabled energy optimization and IoT-powered smart cities to blockchain-based carbon tracking, innovation is reshaping how we monitor, manage, and reduce our environmental footprint. Leading [...]