Navasree A.M
Navasree A M, B.B.A., LL.B. (Hons), a lawyer with over 2.5 years of experience as a researcher and content writer at Taxscan, specializing in Indirect Taxes and Corporate Laws.
![Derived From’ Means First-Degree Nexus: Supreme Court Rejects NCDC’s Claim for Deduction u/s 36(1)(viii) of Income tax [Read Judgement]](https://images.taxscan.in/h-upload/2025/12/11/500x300_2111472-derived-nexus-supreme-court-rejects-ncdcs-claim-deduction-us-361viii-of-income-tax-taxscan.webp "Derived From’ Means First-Degree Nexus: Supreme Court Rejects NCDC’s Claim for Deduction u/s 36(1)(viii) of Income tax [Read Judgement]")
Derived From’ Means First-Degree Nexus: Supreme Court Rejects NCDC’s Claim for Deduction u/s 36(1)(viii) of Income tax [Read Judgement]
The Supreme Court has clarified the phrase ‘Derived from’ in Section 36(1)(viii) of the Income Tax Act, 1961. The bench noted that the it requires a...
![Interest from Bank Deposit Does Not qualify for S. 36(1)(viii) Deduction: SC says it’s Not Income ‘Derived From’ Long-Term Finance [Read Judgement]](https://images.taxscan.in/h-upload/2025/12/11/250x150_2111469-interest-from-bank-deposit-qualify-s-361viii-deduction-sc-income-derived-long-term-finance-taxscan.webp "Interest from Bank Deposit Does Not qualify for S. 36(1)(viii) Deduction: SC says it’s Not Income ‘Derived From’ Long-Term Finance [Read Judgement]")
![Income tax Deduction u/s 36(1)(viii) Limited to Profits ‘Derived From’ Long-Term Finance: Supreme Court says ‘No Deduction’ to Incidental or Ancillary income [Read Judgement]](https://images.taxscan.in/h-upload/2025/12/11/250x150_2111464-income-tax-deduction-us-361viii-limited-profits-derived-from-long-term-finance-supreme-court-deduction-incidental-ancillary-income-taxscan.webp "Income tax Deduction u/s 36(1)(viii) Limited to Profits ‘Derived From’ Long-Term Finance: Supreme Court says ‘No Deduction’ to Incidental or Ancillary income [Read Judgement]")
![Dividend is Return on Share Capital, Not Lending Activity: Supreme Court holds Dividend Income Not Eligible for S. 36(1)(viii) Deduction [Read Judgement]](https://images.taxscan.in/h-upload/2025/12/11/250x150_2111460-dividend-return-share-capital-lending-activity-supreme-court-dividend-income-s-361viii-deduction-taxscan.jfif "Dividend is Return on Share Capital, Not Lending Activity: Supreme Court holds Dividend Income Not Eligible for S. 36(1)(viii) Deduction [Read Judgement]")
![Fake GST Invoice and E way Bill Issuance without Actual Supply: Chhattisgarh HC grants Bail to Accused [Read Order]](https://images.taxscan.in/h-upload/2025/12/10/250x150_2111327-fake-gst-invoice-e-way-bill-issuance-without-actual-supply-chhattisgarh-hc-grants-bail-accused-taxscan.webp "Fake GST Invoice and E way Bill Issuance without Actual Supply: Chhattisgarh HC grants Bail to Accused [Read Order]")
AI Assistants Now Buy for Consumers: Centre says Agentic Shopping Emerges, Lists Steps to Protect Traders and MSMEs [Read Order]
The Union Government has acknowledged the rise of AI-driven “Agentic Shopping”, a system where intelligent digital assistants autonomously compare, select and purchase products on behalf of...
![AI Assistants Now Buy for Consumers: Centre says Agentic Shopping Emerges, Lists Steps to Protect Traders and MSMEs [Read Order]](https://images.taxscan.in/h-upload/2025/12/10/500x300_2111295-ai-assistants-agentic-shopping-taxscan.jfif "AI Assistants Now Buy for Consumers: Centre says Agentic Shopping Emerges, Lists Steps to Protect Traders and MSMEs [Read Order]")
UAE Tax Update: Country to Implement Key Tax Law Changes from 2026 - A Must Know for UAE Tax Consultants
The Ministry of Finance, United Arab Emirates ( UAE ), has issued two important legislative changes, Federal Decree ‑ Law 16 of 2025 and Federal Decree‑Law 17 of 2025, amending the existing VAT (...
SEBI Notifies New Merchant Banker Regulations, Mandates Higher Net-Worth and Liquidity Norms [Read Notification]
The Securities and Exchange Board of India ( SEBI ) has notified the SEBI (Merchant Banker) (Amendment) Regulations, 2025, which make major revisions to the regulatory framework that regulates...
![SEBI Notifies New Merchant Banker Regulations, Mandates Higher Net-Worth and Liquidity Norms [Read Notification]](https://images.taxscan.in/h-upload/2025/12/09/500x300_2111128-sebi-notifies-new-merchant-banker-regulations-taxscan.jfif "SEBI Notifies New Merchant Banker Regulations, Mandates Higher Net-Worth and Liquidity Norms [Read Notification]")
ICAI Exam Update: New Income Tax Act will be Included in CA Intermediate, Final and Self-Paced Exams, Know Complete Details
The Institute of Chartered Accountants of India ( ICAI ), through its Board of Studies (Academic), has officially announced that the Income-tax Act, 2025 will be applicable for CA examinations from...
![Jharkhand HC grants bail to Rs. 22 crores GST Fraud Accused noting 4 months Custody [Read Order]](https://images.taxscan.in/h-upload/2025/12/05/500x300_2110327-gst-fraud-taxscan.jfif "Jharkhand HC grants bail to Rs. 22 crores GST Fraud Accused noting 4 months Custody [Read Order]")
Delay in Filing Income Tax Audit Report by Trust: AP HC Condones Delay noting Covid-19 issues and Treasurer’s Advanced Age [Read Order]
The Andhra Pradesh High Court has condoned the delay in filing the income tax audit report (Form 10B) by a religious charitable trust, considering the Covid-19 disruptions and the advanced age of...
![Delay in Filing Income Tax Audit Report by Trust: AP HC Condones Delay noting Covid-19 issues and Treasurer’s Advanced Age [Read Order]](https://images.taxscan.in/h-upload/2025/12/06/500x300_2110495-tax-audit-report-taxscan.jfif "Delay in Filing Income Tax Audit Report by Trust: AP HC Condones Delay noting Covid-19 issues and Treasurer’s Advanced Age [Read Order]")
Passenger’s Claim that Seized Gold Was ‘Old and Used’ not Correct: Delhi HC Rejects Claim, Directs to file Appeal [Read Order]
The Delhi High Court has dismissed a passenger’s claim that the gold jewellery seized from him at the IGI Airport was “old and used,” after physically inspecting the items and finding that most...
![Passenger’s Claim that Seized Gold Was ‘Old and Used’ not Correct: Delhi HC Rejects Claim, Directs to file Appeal [Read Order]](https://images.taxscan.in/h-upload/2025/12/05/500x300_2110318-passenger-claim-seized-gold-taxscan.webp "Passenger’s Claim that Seized Gold Was ‘Old and Used’ not Correct: Delhi HC Rejects Claim, Directs to file Appeal [Read Order]")