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Challenging an Income-Tax Assessment: The CIT(A)/NFAC Appeal, the ITAT and the High Court
Every contested income-tax demand in India runs the same three-stage income tax appeal ladder – first to the Commissioner (Appeals) or, for most taxpayers today, the faceless
Corporate Treasury Centres in GIFT IFSC: Registration, Permitted Activities and the Deemed-Dividend Question
A group treasury centre helps multinational groups manage funds and lending between affiliates. In GIFT IFSC, a Global or Regional Corporate Treasury Centre (GRCTC) operates under
Relocating an Offshore Fund to GIFT IFSC : The Tax-Neutrality Conditions
Moving a fund is not like moving an office. The relocation of offshore funds to GIFT City can involve two potential capital gains tax events: the fund’s transfer of assets to a n
Schedule VI: Which GIFT IFSC Income Is Exempt for Non-Residents, and on What Conditions
Most published summaries of GIFT IFSC tax benefits describe exemptions that belong to investors rather than to the IFSC unit itself. Under the Income-tax Act, 2025, those investor-
GIFT IFSC Tax Implications: Minimum Tax, Dividends and TDS
A GIFT IFSC tax deduction under Section 147 of the Income-tax Act, 2025 does not eliminate every tax liability. Even if an eligible GIFT City IFSC unit claims a 100% deduction, it
Twenty Years, Not Ten: GIFT City Tax Holiday Under Section 147 After the Finance Act, 2026
The phrase “GIFT City tax holiday” conceals three legal questions that decide whether anything is actually exempt: which entity qualifies, which income qualifies, and f
Inside India, Outside for FEMA: The Legal Status of a GIFT IFSC Unit
A company incorporated in GIFT IFSC is an Indian company. For foreign exchange purposes, however, it is treated as a person resident outside India. It also sits within a Special Ec
Mandatory vs. Directory in Indian Income Tax Law: Procedural Compliance, Key Judgments, and the 2022–2026 Landscape
Abstract In income tax practice, the issue of mandatory vs directory in income tax often arises when taxpayers seek to justify non-compliance with a statutory condition by arguing
Income Tax Act Interpretation: How Courts Read Tax Laws in India – A Step-by-Step Guide
Abstract Every time the Income Tax Department raises a demand on a taxpayer — or a taxpayer claims a deduction — the words of the Income Tax Act must be interpreted by someone:
