We are pleased to present the Tax & Regulatory Newsletter – January 2026 Edition, highlighting major recent tax and regulatory developments.
Inside this issue…
**Direct Tax** - The mere shifting of the incidence of tax does not disentitle the Assessee to claim the benefit of the DTAA - Rehabilitation subsidy treated as capital receipt based on dominant purpose test - All qualifying head office expenses fall under Section 44C, irrespective of whether incurred exclusively or commonly
**Indirect Tax** - Advance Rulings & Judgements - Customs Updates - GST Updates
**Transfer Pricing** - ITAT: Deletes SDT adjustment made qua interest on Inter Corporate Deposit
**Regulatory** - Under the Securities and Exchange Board of India ('SEBI') - International Financial Services Centres Authority ('IFSCA')
**Compliance Calendar** - Direct Tax - GST - Regulatory
