CA Nidhi Surana Jain has explained the provisions of the newly introduced “Vivad se Vishwas” scheme with special reference to sections 270A and 270AA of the Income-tax Act, 1961. She has pointed out that certain controversial interpretations could arise which could lead to further litigation. She has requested the CBDT and the Central government to work hand in hand and remove the areas of ambiguity and close the loopholes arising from the interpretation

The Finance Bill 2020 has sought to bring in a sweeping change in residential status of Individuals for the purpose of the Act. Advocate Aditya Ajgaonkar has conducted a detailed study of the proposed amendments and explained its nuances. He …

A Move Towards Citizenship As A Basis For Residential Status? The Marked Shift In Policy Brought About By The Finance Bill, 2020 Read More »

CA Ashish Chadha has conducted an expert analysis of the The Direct Tax Vivad se Vishwas Bill, 2020 and explained all of its salient features. He has also highlighted potential controversial issues arising out of the scheme which need further deliberation

In Doshi Accounting Services vs. DCIT, the Special Bench of the ITAT has held that the transfer pricing provisions are applicable even to a case in which the income of the assessee is eligible for 100% tax exemption and is not chargeable to tax in India. Advocate Shashi Bekal has conducted an in-depth analysis of the judgement and explained its nuances. He has also argued that the judgement may require reconsideration