Shri Sunil Moti Lala, Advocate, has prepared a compilation of 160 Important judgments on transfer pricing (94 cases), International Tax (5 cases) and Domestic Tax (61 cases) reported in May 2017. The author has meticulously and systematically classified the judgments into various categories to enable ease of reference. A PDF copy of the digest is available for download. He has also given the appeal numbers in several cases so as to enable the judgements to be retrieved from the website of the respective Court or Tribunal. The digest will prove invaluable to all practitioners of taxation law
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Liability Of Advocates To Register For, And Pay, GST – Entire Law Explained
Advocate P.C. Joshi, the well known expert on GST, has explained the entire law relating to whether Advocates are liable for registration, and to pay tax, under the Goods and Service Tax Act (GST). He has also explained whether the payers of fees to Advocates are liable for ‘reverse charge’. He has also clarified doubts as to whether Advocates have to issue their Memo of fees in any particular format
Tax Terrorism in India – Causes And Solutions To Eradicate It
Shri Saurabh Soparkar, Senior Advocate, has expressed outrage at the undue harassment of taxpayers by the income-tax department. He calls this harassment ‘Tax terrorism’ and argues that the root cause for it is lack of accountability. He submits that an institutional framework of “checks and balances” has to be created to prevent abuse of power and authority by the tax officials
How To Reform Tax Litigation In India – Practical Suggestions
Dr. K. Shivaram, Senior Advocate, laments that despite the strictures of the Supreme Court that the Income-tax department should “wake up“, there is not much improvement at the ground level. He argues that urgent judicial and legal reforms are absolutely imperative not only to clear the backlog of cases but also to ensure that future cases are decided promptly. He has also offered valuable suggestions to aid the process
Digest Of Important Judgements On Transfer Pricing, International Tax And Domestic Tax (April 2017)
Shri Sunil Moti Lala, Advocate, has prepared a compilation of 136 Important judgments on transfer pricing (86 cases), International Tax (12 cases) and Domestic Tax (38 cases) reported in April 2017. The author has meticulously and systematically classified the judgments into various categories to enable ease of reference. A PDF copy of the digest is available for download. He has also given the appeal numbers in some cases so as to enable the judgements to be retrieved from the website of the respective Court or Tribunal. The digest will prove invaluable to all practitioners of taxation law
How To Curb Rampant Corruption In India: Eminent Jurist S. E. Dastur Offers Solutions
Sohrab E. Dastur, the eminent jurist, has provided a masterful explanation of the reasons for the rampant corruption in modern-day society. He has offered tangible suggestions on what the Government and the judiciary should do to discourage the malaise from spreading further
Penalty U/s 271DA For Violation Of S. 269ST Of The Income-tax Act, 1961
CA Vinay Kawdia has examined the entire law applicable to sections 269ST and 271DA of the Income-tax Act, 1961. These provisions were inserted by the Finance Act 2017 to prohibit specified cash transactions and levy a penalty for contravention. The author has analyzed numerous judgements and explained with clarity the precise impact of these provisions
Digest Of Important Judgements On Transfer Pricing, International Tax And Domestic Tax (Jan To March 2017)
Shri Sunil Moti Lala, Advocate has prepared a compilation of 562 important judgments (transfer pricing (375 cases), International Tax (32 cases) and Domestic Tax (155 cases) reported in January to March 2017. The author has meticulously and systematically classified the judgments into various categories to enable ease of reference. A PDF copy of the digest is available for download. He has also given the appeal numbers in some cases so as to enable the judgements to be retrieved from the website of the respective Court or Tribunal. The digest will prove invaluable to all practitioners of taxation law
Understanding General Anti-Avoidance Rules (‘GAAR’): Part 2
In Part I, CA Paras Dawar explained the legal aspects of GAAR’s applicability and its consequences. In Part II, he has explained the procedural aspects with respect to the implementation of GAAR with particular reference to the safeguards prescribed by the Shome Committee which curtail the unfettered power of the AO to challenge aggressive tax avoidance arrangements by tax payers
S. 14A: Exempt Income Vs. Expenses For Exempt Income
CA Jyoti Gupta has considered the controversial question as to whether a disallowance under section 14A and Rule 8D can be made in respect of securities which are held by an assessee as stock-in-trade. She has referred to the latest judgements on the issue and explained the issue in the proper perspective