Advocate Aditya Ajgaonkar lauds the Benami Property (Prohibition) Amendment Act, 2016 for providing a strong institutional framework for fighting the menace of black money. He states that the amendment has comprehensively set out a mechanism not only for fast detection and investigations but also for effective and speedy dispute resolution and prosecution. He has explained all the salient features of the Amendment in a succinct manner
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Top Brass Of The Income-Tax Department Explain Important Aspects Of The Income Declaration Scheme 2016
The Chamber of Tax Consultants organized a seminar on 5th August 2016 which was addressed by senior officials of the Income-tax Department such as Ms. Nishi Singh, Member, CBDT, Mr. Saxsena and Mr. Patwari, both Principal Commissioners of Income-tax. The officials of the department explained important and hitherto unknown aspects of the Income Declaration Scheme. Dr. K. Shivram, Senior Advocate, also furnished his objective views on the Scheme. A power point presentation prepared by Mr. D. C. Patwari, Pr. CIT, which highlights all the important nuances of the Scheme is available for download
Digest Of Important Judgements On Transfer Pricing, International Tax And Domestic Tax (August 2016)
Shri Sunil Moti Lala, Advocate has prepared a compilation of 111 Important judgments on transfer pricing (45 cases), International Tax (12 cases) and Domestic Tax (54 cases) reported in August, 2016. 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 all 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
Guide To The Law On Levy Of Penalty On Additions Made In Search & Seizure Proceedings
CA Vinay Kawdia points out that the question as to whether penalty is leviable for additions made pursuant to a search depends on various factors such as the date of initiation of search, the statement given u/s 132(4), whether search was conducted before expiry of due date u/s 139(1) for furnishing the return etc. He adds that the newly inserted section 270A/270AA [Penalty for underreporting and misreporting of income] w.e.f. 01.04.17 is a game changer. He has meticulously analyzed the statutory provisions and the judicial precedents on the subject and explained the entire law in a succinct manner
Digest Of Important Judgements On Transfer Pricing, International Tax And Domestic Tax (July 2016)
Shri. Sunil Moti Lala, Advocate, has prepared a compilation of 100 important judgements on transfer pricing (42 cases), international tax (8 cases) and domestic tax (50 cases) reported in July, 2016. The author has meticulously and systematically classified the judgements 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 all 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
Guide To Rules Issued By The CBDT For Grant Of Foreign Tax Credit
CA Paras Dawar has meticulously analyzed Rule 128 of the Income-tax Rules, 1962 which provides the procedure for grant of Foreign Tax Credit. He has explained all the important aspects of the said Rule in the simplest possible language and also provided practical examples to illustrate the working of the Rule
Digest Of Important Judgements On Transfer Pricing, International Tax And Domestic Tax (Jan to June 2016)
Shri. Sunil Moti Lala, Advocate, has prepared a compilation of important judgements on transfer pricing, international tax and domestic tax reported in the period from January to June 2016. The author has meticulously and systematically classified the judgements into various categories to enable ease of reference. A pdf copy of the digest is available for download. The digest will prove invaluable to all practitioners of taxation law
Income Declaration Scheme, 2016 – Whether Supersedes Law Of Limitation Applicable To Reopening Of Cases
Dr. Raj K. Agarwal & Dr. Rakesh Gupta point out that the Income Declaration Scheme, 2016 has several ambiguous provisions which have remained unclear despite clarifications issued by the CBDT. The learned authors explain that the question whether the Scheme supersedes the law of limitation applicable to reopening of cases u/s 147 of the Act is one such ambiguity which requires urgent clarification by the CBDT
ITAT – “Relive Your School Life”
CA Prarthana Jalan has lightheartedly equated the Tribunal with a school. She says that the grim atmosphere of the Tribunal and the strict discipline in its functioning reminds her of the school days and revives nostalgic memories of a carefree life that has long gone past
Understanding The Concept Of Hindu Undivided Family
CA Abhishek Jain has conducted a meticulous study into the entire law relating to Hindu Undivided Families (HUF). He has not only explained the Hindu Law aspects of HUFs but also their income-tax implications, with practical examples. The author has …
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