Supreme Court: Receipt of shares pursuant to an amalgamation, in exchange of shares held as stock-in-trade, results in taxable business income for the shareholders

Bangalore ITAT restricts ‘182-day threshold relief’ only to Non-Resident Indians settled overseas

Supreme Court denies capital gain exemption for an indirect transfer of shares of an Indian company by a Mauritian Investment Fund by applying GAAR to pre-2017 arrangement

The Supreme Court holds that payment for non-compete fee is allowable as revenue expenditure