Monthly Archives: August 2026

Disallowance for non-deduction of TDS on non-resident payments is restricted to 30% under DTAA non-discrimination clause

By | August 7, 2026
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Disallowance for non-deduction of TDS on non-resident payments is restricted to 30% under DTAA non-discrimination clause Disallowance for non-deduction of TDS on non-resident payments is restricted to 30% under DTAA non-discrimination clause Issue Whether disallowance under Section 40(a)(i) for payments made to non-residents without TDS should be restricted to 30% (at par with resident payments… Read More »

Depreciation on full cost of IPL franchise allowed, cash disallowance upheld, unproven expenses disallowed, and specific reimbursements remanded.

By | August 7, 2026
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Depreciation on full cost of IPL franchise allowed, cash disallowance upheld, unproven expenses disallowed, and specific reimbursements remanded. Depreciation on full cost of IPL franchise allowed, cash disallowance upheld, unproven expenses disallowed, and specific reimbursements remanded. Issue Whether an IPL franchise owner is entitled to depreciation on the full capitalized cost of franchise rights, whether… Read More »

Provisionally attaching funds in appellant’s account is justified as unexplained RTGS credits constitute benami transactions

By | August 7, 2026
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Provisionally attaching funds in appellant’s account is justified as unexplained RTGS credits constitute benami transactions Issue Whether the Initiating Officer was justified in treating Shri Asit B. Doshi as the benamidar and the appellant as the beneficial owner under Section 2(9) of the Prohibition of Benami Property Transactions Act, 1988, and provisionally attaching funds in… Read More »

Property purchased for a child out of joint family funds is excluded from Benami transactions, preventing plaint rejection under Order VII Rule 11.

By | August 7, 2026
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Property purchased for a child out of joint family funds is excluded from Benami transactions, preventing plaint rejection under Order VII Rule 11. Issue Whether a suit claiming property purchased in the name of a child out of joint family funds as joint family property is barred under Section 4 of the Prohibition of Benami… Read More »

Corrigendum w.r.t. Employees Pension Scheme, 2026

By | August 6, 2026
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Corrigendum w.r.t. Employees Pension Scheme, 2026 The Gazette of India CG-DL-E-04082026-275187 EXTRAORDINARY PART II—Section 3—Sub-section (i) PUBLISHED BY AUTHORITY No. 640] NEW DELHI, TUESDAY, AUGUST 4, 2026/SHRAVAN 13, 1948 MINISTRY OF LABOUR AND EMPLOYMENT CORRIGENDA New Delhi, the 4th August, 2026 G.S.R. 704(E).— In the Employees’ Pension Scheme, 2026, published in the Gazette of India,… Read More »

Corrigendum w.r.t. Employees Provident Funds (EPF) Scheme, 2026

By | August 6, 2026
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Corrigendum w.r.t. Employees Provident Funds (EPF) Scheme, 2026 The Gazette of India EXTRAORDINARY PART II—Section 3—Sub-section (i) PUBLISHED BY AUTHORITY No. 639] NEW DELHI, TUESDAY, AUGUST 4, 2026/SHRAVAN 13, 1948 MINISTRY OF LABOUR AND EMPLOYMENT CORRIGENDA New Delhi, the 4th August, 2026 G.S.R. 703(E).— In the Employees’ Provident Funds Scheme, 2026, published in the Gazette… Read More »