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๐Š๐ž๐ฒ ๐“๐š๐ค๐ž๐š๐ฐ๐š๐ฒ๐ฌ ๐Ÿ๐ซ๐จ๐ฆ ๐“๐š๐ฑ๐ฆ๐š๐ง๐ง'๐ฌ ๐‚๐š๐ฌ๐ž ๐ƒ๐ข๐ ๐ž๐ฌ๐ญ:โ€ข Insolvency and receivership services rendered by an Advocate acting as an ...
14/08/2026



๐Š๐ž๐ฒ ๐“๐š๐ค๐ž๐š๐ฐ๐š๐ฒ๐ฌ ๐Ÿ๐ซ๐จ๐ฆ ๐“๐š๐ฑ๐ฆ๐š๐ง๐ง'๐ฌ ๐‚๐š๐ฌ๐ž ๐ƒ๐ข๐ ๐ž๐ฌ๐ญ:

โ€ข Insolvency and receivership services rendered by an Advocate acting as an Insolvency Professional are not classified as legal services for GST purposes.
โ€ข Such services fall under SAC 998241 and are not covered under the reverse charge mechanism applicable to legal services rendered by Advocates.

๐‚๐š๐ฌ๐ž ๐๐š๐ฆ๐ž:
Kanwal Chaudhary v. Insolvency and Bankruptcy Board of India

๐‚๐ข๐ญ๐š๐ญ๐ข๐จ๐ง:
[2026] 189 taxmann.com 463 (Delhi)

๐‘๐ž๐š๐ ๐ญ๐ก๐ž ๐ƒ๐ž๐ฅ๐ก๐ข ๐‡๐ข๐ ๐ก ๐‚๐จ๐ฎ๐ซ๐ญ ๐‰๐ฎ๐๐ ๐ฆ๐ž๐ง๐ญ: https://taxmann.social/Rjd68

โ€ข Prathiba M. Singh & Shail Jain, JJ.

Empowering informed corporate-law decisions. https://taxmann.social/bjd5b [Read Time: 02 mins]Curated updates, incisive ...
14/08/2026

Empowering informed corporate-law decisions. https://taxmann.social/bjd5b [Read Time: 02 mins]
Curated updates, incisive analysis, and primary sourcesโ€”built for corporate, compliance, and legal teams.

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HAPPY INDEPENDENCE DAY!The Freedom Fest runs through the long weekend! ๐Ÿ“šUse code FREEDOM26 at checkout to get an extra 1...
14/08/2026

HAPPY INDEPENDENCE DAY!

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This article analyses the Mumbai Tribunal ruling in Ankit Bharat Sheth v. ITO, where the Tribunal held that an allotm...
14/08/2026



This article analyses the Mumbai Tribunal ruling in Ankit Bharat Sheth v. ITO, where the Tribunal held that an allotment letter may constitute an agreement fixing consideration for Section 56(2)(x) purposes. The ruling provides important relief where property consideration was fixed earlier but registration took place later.
โ€ข ๐€๐ฅ๐ฅ๐จ๐ญ๐ฆ๐ž๐ง๐ญ ๐‹๐ž๐ญ๐ญ๐ž๐ซ - May be treated as the agreement fixing consideration if the property, price and payment obligations are clearly recorded
โ€ข ๐’๐ญ๐š๐ฆ๐ฉ ๐ƒ๐ฎ๐ญ๐ฒ ๐•๐š๐ฅ๐ฎ๐ž - The stamp duty value on the allotment date may be adopted instead of the registration date where conditions are satisfied
โ€ข ๐๐š๐ง๐ค๐ข๐ง๐  ๐‚๐ก๐š๐ง๐ง๐ž๐ฅ ๐๐š๐ฒ๐ฆ๐ž๐ง๐ญ - Whole or part consideration must be paid through prescribed non-cash modes on or before the agreement date
โ€ข ๐“๐ข๐ญ๐ฅ๐ž ๐ฏ๐ฌ ๐‚๐จ๐ง๐ฌ๐ข๐๐ž๐ซ๐š๐ญ๐ข๐จ๐ง - The Tribunal distinguished transfer of legal title from the limited question of when consideration stood fixed
โ€ข ๐“๐š๐ฑ๐ฉ๐š๐ฒ๐ž๐ซ ๐‘๐ž๐ฅ๐ข๐ž๐Ÿ - The ruling may help genuine flat buyers avoid additions caused by later increases in stamp duty valuation
The article highlights how an allotment letter can protect taxpayers from artificial tax additions under Section 56(2)(x), subject to verification of statutory conditions.

Read the Full Article for FREE! https://taxmann.social/hjdBt [17- Minutes | Read Time]
Authored by: Meenakshi Subramaniam โ€“ Former IRS Officer

This article discusses how the Taxation and Other Laws (Amendment) Bill, 2026 seeks to refine the data centre tax hol...
13/08/2026



This article discusses how the Taxation and Other Laws (Amendment) Bill, 2026 seeks to refine the data centre tax holiday framework by easing administrative requirements and recognising modern infrastructure operating models.
โ€ข ๐†๐จ๐ฏ๐ž๐ซ๐ง๐ฆ๐ž๐ง๐ญ ๐€๐ฉ๐ฉ๐ซ๐จ๐ฏ๐š๐ฅ๐ฌ - The Bill proposes to remove mandatory notification and approval requirements, reducing procedural delays for foreign companies and specified data centres
โ€ข ๐’๐ž๐ฅ๐Ÿ-๐„๐ฑ๐ž๐œ๐ฎ๐ญ๐ข๐ง๐  ๐Œ๐จ๐๐ž๐ฅ - The amendment shifts the framework towards clearer eligibility-based compliance, improving tax certainty from the investment planning stage
โ€ข ๐‹๐ž๐š๐ฌ๐ž-๐๐š๐ฌ๐ž๐ ๐Ž๐ฉ๐ž๐ซ๐š๐ญ๐ข๐จ๐ง๐ฌ - Tax holiday eligibility is proposed to extend beyond owner-operator models to leased data centre structures
โ€ข ๐€๐ฌ๐ฌ๐ž๐ญ-๐‹๐ข๐ ๐ก๐ญ ๐๐ฎ๐ฌ๐ข๐ง๐ž๐ฌ๐ฌ ๐Œ๐จ๐๐ž๐ฅ๐ฌ - The proposed changes may help foreign technology firms rely on operational expenditure through leasing instead of heavy real estate CapEx
โ€ข ๐‘๐ฎ๐ฅ๐ž๐ฌ ๐ญ๐จ ๐–๐š๐ญ๐œ๐ก - Stakeholders must monitor the detailed eligibility conditions that may be prescribed through subordinate legislation
The article highlights how the proposed amendments may strengthen Indiaโ€™s position as a preferred destination for data centre and cloud infrastructure investment.

Read the Full Article for FREE! https://taxmann.social/TjdSf [3-Minutes | Read Time]
Authored by: Utkarsh Trivediโ€”Partner | Deloitte India, Nekchehr Elaviaโ€”Associate Director | Deloitte India, Saurin Safiโ€”Manager | Deloitte India

This article examines the amended pre-deposit framework for penalty-only appeals under GST. It explains how the Finan...
13/08/2026



This article examines the amended pre-deposit framework for penalty-only appeals under GST. It explains how the Finance Act, 2025 introduced a specific deposit requirement for such appeals and why its application to pending proceedings has triggered litigation.

โ€ข ๐๐ž๐ง๐š๐ฅ๐ญ๐ฒ-๐Ž๐ง๐ฅ๐ฒ ๐€๐ฉ๐ฉ๐ž๐š๐ฅ๐ฌ - Finance Act, 2025 introduced a 10% pre-deposit requirement for appeals involving penalty without corresponding tax demand

โ€ข ๐“๐ซ๐š๐ง๐ฌ๐ข๐ญ๐ข๐จ๐ง ๐†๐š๐ฉ - Unlike legacy indirect tax laws, the GST amendment does not expressly provide saving provisions or a monetary cap

โ€ข ๐•๐ž๐ฌ๐ญ๐ž๐ ๐‘๐ข๐ ๐ก๐ญ ๐จ๐Ÿ ๐€๐ฉ๐ฉ๐ž๐š๐ฅ - Taxpayers contend that appellate conditions cannot ordinarily become more onerous once the lis has commenced

โ€ข ๐ƒ๐ž๐ฅ๐ก๐ข ๐‡๐‚ ๐‘๐ฎ๐ฅ๐ข๐ง๐  - In Gaurav Jain, the Court held that the SCN may mark the point where the appellate right crystallises

โ€ข ๐†๐’๐“๐€๐“ ๐ˆ๐ฆ๐ฉ๐ฅ๐ข๐œ๐š๐ญ๐ข๐จ๐ง๐ฌ - The same vested-right debate may affect the additional pre-deposit requirement at the Tribunal stage

โ€ข ๐’๐ฎ๐ฉ๐ซ๐ž๐ฆ๐ž ๐‚๐จ๐ฎ๐ซ๐ญ ๐–๐š๐ญ๐œ๐ก - The pending ruling may clarify when a lis commences and how penalty-linked deposits apply to ongoing proceedings

The article highlights the need to balance revenue protection with meaningful appellate access under GST.

Read the Full Article for FREE! https://taxmann.social/wjdAo [9 Minutes | Read Time]

Authored by: Manoj Mishraโ€”Partner and Tax Controversy Management Leader | Grant Thornton Bharat LLP; Priya Raniโ€”Associate Director | Grant Thornton Bharat LLP

Make every day count with Taxmann Daily. https://taxmann.social/SjdOg [Read Time: 4 mins]Stay current on the most signif...
13/08/2026

Make every day count with Taxmann Daily. https://taxmann.social/SjdOg [Read Time: 4 mins]

Stay current on the most significant developments across tax and allied lawsโ€”authoritative, succinct, actionable.

Join our community of 100,000+ professionals; access content curated by Taxmannโ€™s Editorial Board from 1,000+ sources โ€“ https://taxmann.social/tRzS

[๐๐ž๐ฐ ๐‚๐จ๐ฅ๐ฎ๐ฆ๐ง] ๐†๐ฅ๐จ๐›๐š๐ฅ ๐…๐ข๐ง๐š๐ง๐œ๐ข๐š๐ฅ ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ is designed to inform you about the most significant global developments in...
13/08/2026



[๐๐ž๐ฐ ๐‚๐จ๐ฅ๐ฎ๐ฆ๐ง] ๐†๐ฅ๐จ๐›๐š๐ฅ ๐…๐ข๐ง๐š๐ง๐œ๐ข๐š๐ฅ ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ is designed to inform you about the most significant global developments in financial reporting and auditing practices.

๐‡๐ž๐ซ๐ž'๐ฌ ๐š ๐†๐ฅ๐ข๐ฆ๐ฉ๐ฌ๐ž ๐จ๐Ÿ ๐“๐ก๐ข๐ฌ ๐–๐ž๐ž๐ค'๐ฌ ๐…๐ข๐ง๐š๐ง๐œ๐ข๐š๐ฅ ๐‡๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ:
โ€ฃ USA
โ€ข PCAOB releases 15 inspection reports highlighting recurring audit deficiencies in documentation, audit committee communications, risk assessment, auditor reporting and Form AP filings.

โ€ฃ Global
โ€ข IFRS Foundation issues a new educational module on IFRS for SMEs, explaining its simplified framework, reduced disclosures and applicability for SMEs without public accountability.

๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐ญ๐ก๐ž ๐…๐ฎ๐ฅ๐ฅ ๐‚๐จ๐ฅ๐ฎ๐ฆ๐ง ๐๐จ๐ฐ: https://taxmann.social/1jdID [4-Minute Read]
Prepared by ๐“๐š๐ฑ๐ฆ๐š๐ง๐ง'๐ฌ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก & ๐„๐๐ข๐ญ๐จ๐ซ๐ข๐š๐ฅ ๐“๐ž๐š๐ฆ

From Repealed Acts to Complianceโ€”The Whole Regime, Mapped.A Single-volume Working Compendium of All Four Labour Codesโ€”wi...
13/08/2026

From Repealed Acts to Complianceโ€”The Whole Regime, Mapped.

A Single-volume Working Compendium of All Four Labour Codesโ€”with Their Rules, Standing Orders, the New 2026 Schemes, FAQs and an Employer Handbook in One Place, Featuring:
โ–ธ Two-Way Concordance Tablesโ€”33 Tables Mapping Every New Section to the Repealed Law, and Back
โ–ธ Provision-by-Provision Comparative Studyโ€”131 Pages of Substantive Shifts Against the Old Acts
โ–ธ Complete Notified 2026 Central Rulesโ€”Wages, IR, Social Security & OSH&WC, gazetted 8-5-2026
โ–ธ EPF, Deposit-Linked Insurance & Pension Schemes 2026โ€”notified 29-6-2026, reproduced in full
โ–ธ Multiple FAQ Setsโ€”127 Questions on the 50% Wage Rule, Gratuity Dates, ESI Coverage & Leave Encashment
โ–ธ Employer Compliance Handbookโ€”Foundational, Monthly, Annual & Event-based Action-point Checklists

Look inside the book here: https://taxmann.social/ojdyh

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[New Column] World Corporate Law News is designed to inform you about the most significant global corporate, securiti...
12/08/2026



[New Column] World Corporate Law News is designed to inform you about the most significant global corporate, securities, competition, and banking law developments.

๐“๐ก๐ข๐ฌ ๐–๐ž๐ž๐ค'๐ฌ ๐‡๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ:
โ€ฃ UK
โ€ข FCA simplifies IPO rules to support UK listings by removing the 7-day waiting period for connected research and easing information-sharing requirements between issuers and firms.

โ€ฃ Australia
โ€ข ASIC proposes to extend eight financial services, credit and markets legislative instruments expiring in 2027, with no substantive changes, to maintain regulatory continuity across key areas of the financial system.

Explore the Full Column Now: https://taxmann.social/AjsH7 [4-Minute Read]
Prepared by Taxmannโ€™s Research & Editorial Team

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