A long-term lease within a family partnership firm does not constitute a capital asset transfer.

By | July 16, 2026

A long-term lease within a family partnership firm does not constitute a capital asset transfer. A long-term lease within a family partnership firm does not constitute a capital asset transfer. Issue Whether a long-term lease of agricultural land executed by a co-owner in favor of a registered family partnership firm constitutes a “transfer” of a… Read More »

Informant rewards are discretionary, ex-gratia payments; courts cannot interfere unless there is patent arbitrariness.

By | July 16, 2026

Informant rewards are discretionary, ex-gratia payments; courts cannot interfere unless there is patent arbitrariness. Issue Whether an informant reward under the CBDT Guidelines, 2007, is an ex-gratia, non-statutory, and discretionary payment, thereby precluding the High Court from interfering with or modifying the CBDT Full Board’s final determination unless there is manifest illegality or patent arbitrariness.… Read More »

In pursuance of section 258(1)(b) of Income-tax Act, 2025, the Central Government hereby specifies Principal Secretary

By | July 16, 2026

In pursuance of section 258(1)(b) of Income-tax Act, 2025, the Central Government hereby specifies Principal Secretary In pursuance of section 258(1)(b) of Income-tax Act, 2025, the Central Government hereby specifies Principal Secretary MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 10th July, 2026 S.O. 3759(E).— In pursuance of… Read More »

In exercise of the powers conferred by section 400(1) read with section 147 of the Income-tax Act, 2025

By | July 16, 2026

 In exercise of the powers conferred by section 400(1) read with section 147 of the Income-tax Act, 2025 In exercise of the powers conferred by section 400(1) read with section 147 of the Income-tax Act, 2025 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 10th July, 2026 S.O.… Read More »

Nonprofits empower a nation of problem solvers | Episode 4

By | July 15, 2026

Nonprofits empower a nation of problem solvers | Episode 4 Nonprofits empower a nation of problem solvers | Episode 4 In 1831, Alexis de Tocqueville arrived in Cincinnati, Ohio, and saw something that set America apart. Looking out over a young city on the banks of the Ohio River, he observed how Americans came together… Read More »