Supreme Court interprets the scope of “General Public Utility” for claiming tax exemption

CBDT issues guidelines on section 194R to address various concerns on its implementation

Supreme Court Ruling and CBDT Instructions in respect of reassessment controversy

Relying on the principles of real income theory, Bombay High Court rules that the amount withdrawn from escrow account shall be reduced from sale consideration for computing capital gains and hence not taxable

Key Amendments to the Finance Bill, 2022 as passed by the Lok Sabha