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India’s First Smell Trademark Accepted by CGPDTM: Sumitomo Rubber Case Marks a New Era for Non-Conventional Trademarks | Olfactory Trademark under Trade Marks Act, 1999
India’s First Smell Trademark: A Landmark Step in Indian Trademark LawIn a historic and precedent-setting development, the Controller General of Patents, Designs & Trademarks (CGPDTM), India, on 21 November 2025, a...
Foreign Tax Credit Cannot Be Denied When Form 67 & Revised Return Filed Within Time – Delhi ITAT in DCIT v. Malvinder Mohan Singh [TS-1637-ITAT-2025 (Del.)]
The case of the Assessee was selected for Limited Scrutiny on the issue that Double Taxation Relief was claimed under sections 90/91 of the Income-tax Act, 1961 and the Assessee was holding foreign assets.During the cour...
Govt. introduces the Securities Markets Code, 2025 in Lok Sabha
Govt. introduces the Securities Markets Code, 2025 in Lok Sabha18 December 2025 The Government has introduced the Securities Markets Code, 2025, in the Lok Sabha to consolidate and amend the laws governing the secur...
Migration of UDIN Portal to ICAI DigiCA Platform – Professional Advisory and Briefing
Subject: Migration of UDIN
Portal to ICAI DigiCA Platform – Professional Advisory and BriefingDear Members,This is to inform all members that
the existing UDIN portal of ICAI is being migrated to the ICAI DigiCA
pla...
Revenue Challenges GAAR Panel Order in Vedanta Case; Delhi High Court Stays Order, Lists Writ for Feb 2026 — Vedanta Holdings Mauritius II Ltd. v. CIT (Intl. Taxation)–3, Delhi
Revenue files counter writ in Vedanta GAAR case; High Court hearing in February 2026.The Revenue has filed a counter writ petition challenging the order passed by the GAAR Panel in the case concerning Vedanta Holdings Ma...
Clerical Error in Claiming Wrong Exemption Section Cannot Deny Benefit to Educational Trust: ITAT Agra in Om Charitable Chikitsa Samiti v. AO (Exemption)
Assessee, an educational institution, was registered under section 12AA and was also granted exemption under section 10(23C)(vi). During the year, due to a clerical omission, deduction was claimed under section 10(23C)(i...
Bombay High Court Grants Full Stay of Demand Where Revenue Taxed Gross Receipts of Educational Trust Without Considering Expenditure, Godavari Shikshan Prasarak Mandal Sindhi v. CIT (Exemption), Pune and Others
Revenue erred in taxing gross receipts of Trust without considering expenditure; grants full stay of demand.The Writ Petition was filed challenging the order dated 11.07.2025 passed by Respondent No. 1. By the impugned o...
Subsequent Supreme Court Ruling Not a Ground for ITAT Rectification under Section 254(2): Bombay High Court, Sila Solutions (P) Ltd. v. ITO
Subsequent Superior Court ruling no ground for ITAT to invoke Section 254(2); no mistake apparent in ITAT’s original order.In the present case, initially, the Assessing Officer made a disallowance of Rs. 2,25,94,571/- ...
Rate of Exchange for Conversion into Rupees of Income Expressed in Foreign Currency, (Rule 115 of the Income-tax Rules, 1962)
Rate of Exchange for Conversion into Rupees of Income Expressed in Foreign Currency
(Rule 115 of the Income-tax Rules, 1962)
Foreign income and capital gains are becoming increasingly common as Indian residents invest ...
Disclosed Foreign Investments in Minors’ Names Not Unexplained u/s 69; Foreign Tax Credit Cannot Be Denied for Procedural Lapse in Form 67 – ITAT Delhi
Core Issue:-The
principal controversy before the Delhi Bench of the Income Tax Appellate
Tribunal was whether investments made in foreign shares in the names of the
assessee’s minor daughters could be treated as une...