⚖️ Income Tax — Case Law

The Supreme Court held that the offshore sale of shares of a foreign company, which indirectly held an Indian telecom business, was not taxable in Ind...

The Supreme Court upheld the India–Mauritius treaty and CBDT Circular 789: a Tax Residency Certificate is sufficient evidence of residence, and a DTAA...

No capital gains tax can be charged on the transfer of an asset — such as self-generated goodwill — whose cost of acquisition cannot be conceived or c...

The Supreme Court distinguished legitimate tax planning from avoidance through "colourable devices" — you may arrange your affairs to reduce tax, but...

Income tax is charged on real income, not hypothetical income — income "accrues" only when there is a real, enforceable right to receive it, not on a...