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).

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 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.

Explore Corporate Tax Attributes, Section 382 limits, SRLY, CAMT, and strategies to protect and monetize tax attributes for optimal corporate tax outcomes.