Insights

      
  
    Receipt of Shares of Amalgamated Company in Lieu of Stock-in-Trade Taxable  The assessees* are investment companies of the Jindal Group holding shares in operating companies, Jindal Ferro Alloys Limited (‘JFAL’) and Jindal Strips Limite
Direct Tax Shailendra padhiyar Direct Tax Shailendra padhiyar

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

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    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)  The Assessee1 is a private trust settled on 01-Sep-2021 by Mr. Venu Srinivasan (‘Sett
Direct Tax Shailendra padhiyar Direct Tax Shailendra padhiyar

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)

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    Reference to charging section mandatory to make additions; definition section cannot create tax liability  The Assessee1 is one of the directors of companies of Mohan India Group i.e., M/s Mohan India Pvt Ltd., Tavishi Enterprises Pvt L
Direct Tax Shailendra padhiyar Direct Tax Shailendra padhiyar

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

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    Supreme Court Ruling in case of Tiger Global: Key observations and takeaways  Tiger Global International II Holdings, Tiger Global International III Holdings, and Tiger Global International IV Holdings, (collectively known as ‘Tiger Glo
Direct Tax Shailendra padhiyar Direct Tax Shailendra padhiyar

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

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