In a recent landmark ruling of Bangalore ITAT in case of Binny Bansal vs DCIT, the Hon'ble Bangalore ITAT has held that an Indian tax resident, despite overseas reclocation and foreign employment, may still be consireded as a Indian resident as per the Income Tax Act, 1961, if such individual maintains significant factutal and economic ties with India. In this article, let's analyse the concepts of center of vital interests and habitual abode, the dual tax treaty concepts th

Under the Income Tax Act, 2025 (which governs payments and credits made on or after April 1, 2026), the central government overhauled and consolidated India's direct tax system. While the fundamental tax policy and matching principles remain unchanged, the structural framework, section numbers and compliance forms have completely shifted. The new sections, rules and practical updates relating to old Section 199 and Rule 37BA in the context of Joint Development Agreements are

he Government has authorized the Principal Bench of the Goods and Services Tax Appellate Tribunal (GSTAT), New Delhi, to function as the National Appellate Authority for matters relating to conflicting Advance Rulings under GST law. This move is expected to bring greater uniformity, consistency, and legal certainty in the interpretation of GST provisions across different States and Union Territories.