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Blog, News, Income Tax

February 12, 2026

Interest on borrowed capital from the date of ‘Trial Run’ till date of commercial start to be treated as revenue expenditure: Delhi ITAT

Case details: ACIT, Central Circle-19, … Continue reading “Interest on borrowed capital from the date of ‘Trial Run’ till date of commercial start to be treated as revenue expenditure: Delhi ITAT”

Blog, News, FEMA & Banking

February 24, 2026

Taming An Unruly Horse By Wielding The ‘Uncelebrated’ Section 17 of The Securitization Act

[2021] 130 taxmann.com 303 (Article) … Continue reading “Taming An Unruly Horse By Wielding The ‘Uncelebrated’ Section 17 of The Securitization Act”

Blog, News, Insolvency and Bankruptcy Code

February 17, 2026

Resolution applicant can change nature of business of corporate debtor as long as the objective of IBC isn’t hampered

Case details: Next Orbit Ventures … Continue reading “Resolution applicant can change nature of business of corporate debtor as long as the objective of IBC isn’t hampered”

Blog, News, FEMA & Banking

February 24, 2026

Petitioner aggrieved by notices issued by bank u/s 13(2) and 13(4) can appeal against such notices u/s 17 before DRT

Case details: Shyam Radios Railway … Continue reading “Petitioner aggrieved by notices issued by bank u/s 13(2) and 13(4) can appeal against such notices u/s 17 before DRT”

Blog, News, Company Law

February 12, 2026

Attachment of Charged Assets – Steps to be Taken by Charge Holders

[2021] 130 taxmann.com 305 (Article) … Continue reading “Attachment of Charged Assets – Steps to be Taken by Charge Holders”

Blog, News, Income Tax

February 24, 2026

AO can’t disregard a transaction just because it results in tax advantage to assessee: Mumbai ITAT

Case details: Michael E Desa … Continue reading “AO can’t disregard a transaction just because it results in tax advantage to assessee: Mumbai ITAT”

Blog, News, Income Tax

February 24, 2026

Tax Dept. conducts searches in premises linked to politician ‘Anil Deshmukh’; found concealment of income of Rs. 17 crore

Press Release, dated 20-09-21 The … Continue reading “Tax Dept. conducts searches in premises linked to politician ‘Anil Deshmukh’; found concealment of income of Rs. 17 crore”

News, Blog, GST & Customs

February 18, 2026

CBIC issues clarification in respect of certain GST related issues on recommendation of GST Council

Circular No. 159/15/2021-GST to Circular … Continue reading “CBIC issues clarification in respect of certain GST related issues on recommendation of GST Council”

Blog, News, GST & Customs

September 22, 2021

45th GST Council Meeting: Sectoral Analysis

Analysis by Taxmann’s Indirect Tax … Continue reading “45th GST Council Meeting: Sectoral Analysis”

Blog, News, Income Tax

February 17, 2026

Exp. incurred by ‘Apollo Tyres’ to purchase equipments for its dealer’s showroom is capital expenditure: HC

Case details: Apollo Tyres Ltd. … Continue reading “Exp. incurred by ‘Apollo Tyres’ to purchase equipments for its dealer’s showroom is capital expenditure: HC”