Receipt of Shares of Amalgamated Company in Lieu of Stock-in-Trade Taxable

Receipt of assets by a private trust established solely for benefit of relatives covered by exception under clause (X) of proviso to section 56(2)(x)

Reference to charging section mandatory to make additions; definition section cannot create tax liability

IFSCA Introduces New Global In-House Centres Regulations

Supreme Court Ruling in case of Tiger Global: Key observations and takeaways