Update on BOI Progress Report Filing Deadlines
July 3, 2026
The new announcement revises the filing timeline for BOI progress reports. BOI-promoted companies must now submit progress reports quarterly, from the date the BOI promotion certificate is issued until the project receives approval for official commencement of operations.
Reform of the Union Customs Code
June 30, 2026
On March 26, 2026, the Council and the European Parliament reached an agreement on the revision of the Union Customs Code (MUCC)[AA1.1][AA1.2][Ev1.3], proposed by the Commission on May 17, 2023 (COD 2023/0156).
India Tax Alert | Mumbai ITAT Denies Tax Neutrality in Demerger Due to Failure to Satisfy Statutory Conditions
June 30, 2026
In a recent decision by the Mumbai ITAT in Sterling Holiday Resorts Ltd. v. DCIT for AY 2015–16, the Tribunal made a strict interpretation of "demerger" under section 2(19AA) of the Income-tax Act, 1961 (ITA), denying the benefit of carry forward of losses under section 72A of the ITA, where the prescribed conditions were not met.
A&M Tax Policy Insights – May 2026
June 29, 2026
A&M Tax Policy Insights covers global tax dispute resolution, OECD Pillar One and Pillar Two, tax treaties, tariffs, crypto taxation, judicial decisions, and regulatory developments affecting cross-border operations.
