Corporate Law

The Income Tax Act, 1961, provides a comprehensive legal framework for the assessment and collection of income tax in India. Among its many provisions, specific sections address the taxation of holding companies, subsidiary companies, and the overall holding structures that exist within corporate groups. These rules are designed to ensure that income is taxed fairly […]

The Income Tax Act, 1961 is a comprehensive statute that governs the collection, assessment, and recovery of income tax in India. Among its many provisions, the concept of “lifting the corporate veil” plays a crucial role in addressing instances where taxpayers may attempt to misuse the corporate form to evade tax liabilities. This article examines