Section 50C Cannot Be Invoked for Tenancy Agreements Without Proof of Ownership Transfer Issue Whether the deeming provisions of Section 50C of the Income-tax Act, 1961 can be invoked to substitute stamp duty value as full value of consideration in the case of a registered tenancy agreement, without establishing an actual transfer of ownership rights… Read More »
Distress Auction Sale of Mortgaged Property for Dues Triggers Capital Gains Tax on Owner Issue Whether capital gains tax liability under Section 45 of the Income-tax Act, 1961 arises on the owner when an equitably mortgaged immovable property is sold by a bank through a distress auction to recover third-party loan dues, even if the… Read More »
Taxability of Written-Back Provisions Depends on Prior Deductions while Refunds Granted Must Be First Adjusted Against Interest Issue Whether written-back employee benefit provisions are taxable under Section 41(1) if they were not allowed as deductions in earlier assessment years. Whether interest under Section 234D on excess refund requires recomputation following modifications to the assessment by… Read More »
Higher Secondary School Lacking Section 12A Registration Cannot Claim Municipal Property Tax Exemption Issue Whether a higher secondary school can claim exemption from municipal property tax under Section 136 of the Chhattisgarh Municipal Corporation Act, 1961, by relying on a Section 12A registration certificate belonging to a separate legal entity or institution. Facts Property Tax… Read More »
Deferred Share Transfer Valuation Without Financial Capacity Constitutes Benami Transaction Subject to Provisional Attachment Issue Whether a share transfer executed on deferred consideration terms where the transferee lacks financial capacity, possesses no independent business, and holds shares under the seller’s lien constitutes a benami transaction under Section 2(9)(A) read with Section 24 of the Prohibition… Read More »
THE TRIBUNALS REFORMS BILL, 2026 As introduced in Lok Sabha Bill No. 153 of 2026 THE TRIBUNALS REFORMS BILL, 2026 A BILL to improve the efficiency, ensure independence, transparency, and uniformity in the qualifications, appointment, terms and conditions of service of Chairpersons and Members of various Tribunals, the administration and functioning of the Tribunals, to… Read More »
Simplify your morning with this vibe-coded schedule app. Simplify your morning with this vibe-coded schedule app. Tired of starting your morning staring at bright screens and stressful notifications? Raph, a creative technologist at Google, built a custom app called Glanceboard with Gemini 3.6 Flash and Nano Banana to transform that daily routine. Every morning, Glanceboard… Read More »
Find out what’s new in the Gemini app in July’s Gemini Drop. Find out what’s new in the Gemini app in July’s Gemini Drop. Welcome to the July edition of Gemini Drops. See what’s new in our latest Drop: Speak to Gemini on macOS. Create, edit, and summarize by speaking into any active window: Dictate clean… Read More »
BTS & Gemini | It starts with you BTS & Gemini | It starts with you #BTS #Gemini #GoogleGemini Every journey starts with a question. Where will your curiosity take you? Join @BTS as they push their boundaries with Google Gemini. Your potential is as limitless as your curiosity. Look what you can do. #BTS… Read More »
How Icelanders are thinking about AI How Icelanders are thinking about AI In late 2025, Iceland’s government launched one of the world’s first national AI education pilots, giving teachers who volunteered access to AI tools. We visited Iceland to find out how people are thinking about AI. More information about the pilot: https://www.anthropic.com/news/anthro… Anthropic explores… Read More »