Limitation band
Section 26 of the Benami Property Transactions Act, 1988 deals with adjudication of benami property. Sub-section (7) thereto reads the…
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Today's
Revenue has no authority to change stands ......Read More
Yesterday's Duty of taxpayer ......Read More
Yesterday's Duty of taxpayer ......Read More
INFRINGEMENT OF RIGHT TO LIVELIHOOD—business interests overweigh flight risks/economic interests
Justice Ms. Rekha Palli of the Delhi High Court in a very fine and reasoned order in quashing the look…
......Read MoreRules of procedure in modifying return in business reorganisation scenarios
In the NCLT lead demerger case @ 420 ITR 339 (SC) the revised return was not admitted beyond the prescribed…
......Read MoreBudget glance -Ambiguity in new section 194R and bundled compliance obligation
In the 2022 budget tax proposals there is an insertion of section 194R seeking a tax withholding (TDS) on provision…
......Read MoreDisaster for insurance agents and doctors fraternity
Insurance agents commonly receive fringes and benefits in the form of foreign travel etc from their principal insurance companies just…
......Read MoreBudget glance -Doctors trouble
The Gujarat High Court in (2021] 439 ITR 692 (Guj)-INTAS PHARMACEUTICALS LTD., held that in the absence of an element…
......Read MoreWaiver Application u/s 220(2A)
In allowing the writ petition of the assessee in the case of J. Jayalalitha v. CIT the Madras High Court…
......Read MoreObligations of Surety
In a case before the Allahabad High Court the petitioner, who stood surety to pay income tax, wealth tax and…
......Read MoreService Of Notice- Dept. To Substantiate Evidence
It was a case of a trust that denied its liability in respect of a demand notice issued by the…
......Read MoreConstitution of HUF
The Bombay High Court in the case of CIT v. J. R. Lalwani(108TAX413) reiterated the well settled law laid down…
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