A. Tax in media
GST
ATF under GST likely soon, says Oil Minister Hardeep Puri
In a curtain-raiser to the India Energy Week 2025 , Union Oil Minister Hardeep Singh Puri indicated that Aviation Turbine Fuel (ATF) is likely to be brought under the Goods and Services Tax (GST) in the near future, signalling a potential change in aviation fuel taxation.
Bombay HC Paves Way For Eligible Taxpayers To Claim Section 87A Rebate For 2024-25 And Beyond
The Bombay High Court has paved the way for eligible taxpayers to claim the rebate under Section 87A of the Income Tax Act, 1961, for the assessment year 2024-25 and beyond. A bench of Justices MS Sonak and Jitendra Jain passed the order while deciding a PIL challenging software changes that restricted such claims on the Income Tax Department’s online filing platform.
Vimalendra Singh, Chief Business Officer (Residential), Mahindra Lifespace Developers Ltd said that the real estate sector is optimistic about measures to reduce construction costs and enhance affordability. “A reduction in GST on cement and allowing input tax credits for under-construction properties would drive growth. Increasing the home loan tax exemption limit would benefit middle-income buyers, especially with rising urban housing prices. Infrastructure investments remain a priority, and enhanced connectivity in smaller cities could unlock new development opportunities. These measures would strengthen the sector and support sustainable growth,” says Singh.
Income tax
Supreme Court stays ruling favouring Tiger Global in Flipkart deal
The Supreme Court (SC) on Friday issued a stay order on the Delhi High Court judgment in favour of Tiger Global International III Holdings, a Mauritius-based investment entity, in a case involving the sale of its stake in Flipkart Singapore to Walmart in 2018 for over Rs 14,500 crore, thus generating capital gains in India.
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