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Essentials of Valid Oral Gift (Hiba) Under Muslim Personal Law: Analysis of Supreme Court’s Landmark Ruling on Public Possession and Mutation
Introduction The Supreme Court of India recently delivered a significant judgment clarifying the essential requirements for establishing a valid oral gift under Muslim personal law
The Narrow Bridge of Admissibility: Deconstructing Section 27 of the Indian Evidence Act, 1872
The Prohibition and the Proviso: Regulating Police Power The framework of criminal law in India is meticulously designed to protect individuals against the coercive environment of
NCLT Approval Not Required for Criminal Complaints in High Court Wound-Up Companies: Kerala High Court Ruling
Introduction The intersection of corporate insolvency proceedings and criminal prosecution has long presented complex jurisdictional questions in Indian jurisprudence. The recent j
Section 14A/Mat Disallowances: Section 14A Disallowance: A Comprehensive Assessee Defense Strategy Across DRP, CIT(A), and ITAT
1. INTRODUCTION: THE ASSESSEE’S STRATEGIC LANDSCAPE Understanding the Asymmetry The relationship between the tax department and the assessee is inherently asymmetrical. The D
Department’s Perspective on Section 14A and MAT – The Revenue’s Case, Arguments & Strategic Position
1. INTRODUCTION: UNDERSTANDING THE REVENUE’S MINDSET The Department is Not Arbitrary A common misconception: The tax department is merely aggressive, trying to extract maximu
IND AS VS. IT ACT Reconciliation – When Accounting Profit Diverges From Taxable Income
1. INTRODUCTION: THE IND AS VS. IT ACT RECONCILIATION CHALLENGE The Problem Every CFO Faces Scenario: You’re presenting quarterly financial results to the Board: Finance Chie
FCCB Redemption Premium – Deductibility, Accounting Treatment & Tax Implications
1. INTRODUCTION: WHAT ARE FCCBs & WHY REDEMPTION PREMIUM MATTERS The Corporate Reality Scenario: A renewable energy company (wind turbine manufacturer) needs ₹500 crores to b
Corporate Guarantees and Transfer Pricing – The Micro Ink Revolution
1. INTRODUCTION: THE GUARANTEE PRICING CONTROVERSY The Problem That Micro Ink Solved Pre-2016 Scenario: A multinational company (MNC) with Indian subsidiary structure: Parent compa
DRP in Transfer Pricing Assessment: Appellate Rights and Lessons from Vodafone
1. INTRODUCTION: THE DUAL-ROUTE ASSESSMENT MECHANISM The Unique Feature of Transfer Pricing Assessment Unlike ordinary income tax assessments, transfer pricing assessments have a m
Section 115JB MAT vs Section 14A Rule 8D: Why Accounting Standards Prevail Over Tax Formulas
1. INTRODUCTION: THE CONCEPTUAL CLASH The Fundamental Tension At the heart of the Section 14A Rule 8D vs. Section 115JB debate lies a profound conceptual clash: On one side: The
