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International Taxation
U.S. Court Clarifies “Processing Operation”: Marketability Transformation Test Shows MOOWR ‘Other Operations’ Not Limited to Manufacturers
The Arizona Supreme Court has held that machinery used in an industrial healthcare textile...
International Taxation
Yacht Not Liable to Duty on Return After Foreign Cruising: U.S. Customs Authority
The U.S. Customs and Border Protection (CBP) clarified that a duty-paid yacht taken abroad...
International Taxation
EU and India Finalise Historic Free Trade Agreement, Creating One of the World’s Largest Trade Zones
In a landmark development for global trade, the European Union and India have concluded...
International Taxation
China Permits 44 Companies To Export Silver For 2026–27
According to a statement issued by China’s Ministry of Commerce on Tuesday, a total...
International Taxation
Searches Under Sales Tax Act, 1990 Doesn’t Require Prior Magistrate Permission: Lahore High Court
The Lahore High Court’s Bahawalpur Bench has dismissed a constitutional petition challenging the legality...
International Taxation
UAE Sets July 2026 Deadline for Mandatory E-Invoicing; Strict Penalties Announced for Delay and Non-Compliance
In a major push towards digitised tax administration, the UAE has confirmed that electronic...
International Taxation
India, EU Push to Conclude Free Trade Agreement by End of 2025
In a significant step toward finalising the long-pending India–EU Free Trade Agreement (FTA), Union...
International Taxation
India and Qatar Signs Double Taxation Avoidance Agreement
The Government of India has formally notified the Agreement for the Avoidance of Double...
International Taxation
Trump Alleges China’s “Hostile” Global Trade Move, Threatens Massive Tariffs in Response
U.S. President Donald J. Trump has issued a fiery statement accusing China of adopting...
International Taxation
US President Donald J. Trump announces 100% tariffs on China Apart From Existing Duties
In a forceful escalation of trade tensions, President Donald Trump announced that beginning November...
International Taxation
Trump Administration Urges U.S. Supreme Court to Uphold Tariff Authority Amid Legal Setback
The Trump administration petitioned the U.S. Supreme Court to swiftly uphold the president’s sweeping...
International Taxation
Trump Slams India’s 200% Motorcycle Tariff, Says Harley-Davidson Bypassed Duties by Building Plant
U.S. President Donald Trump has reignited his criticism of India’s trade policies, particularly targeting...
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Other Laws
Discharge by Criminal Court Bars Subsequent Administrative Action: Supreme Court Quashes Air Force Officer’s Dismissal
The Supreme Court has set aside the dismissal of former Air Force officer Ex....
Other Laws
Bank Liable for Letting Cheques Turn Stale, Supreme Court Cuts Compensation to 6%
The Supreme Court has held that banks can be held liable for deficiency in...
Direct Tax
Bank Deposits Can’t Be Treated as Unexplained Income When Linked to Business Turnover; Profit Estimation Must Follow Past History: ITAT
The Lucknow Bench of the Income Tax Appellate Tribunal (ITAT) has held that bank...
Direct Tax
Refund of Loan Can’t Be Treated as Unexplained Cash Credit; Additions Based Solely on Statements Without Evidence Not Sustainable: ITAT
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has dismissed the Revenue’s...