The recent judgement of the Supreme Court in New Delhi Television Ltd vs. DCIT has laid down important principles of law relating to the reopening of assessments under sections 147 and 148 of the Income-tax Act. Rubal Bansal, Advocate and Company Secretary, has studied the judgement in detail and explained its nuances. She has also summarized the core principles of the judgement in a succinct manner

Advocate Shashi Ashok Bekal has conducted a systematic analysis of the numerous important amendments ushered in by the Finance Act 2020. He has explained in a comprehensive manner the current law, the proposed law, the amendment to the proposed law, and its implications on tax payers and tax man

CA Rohan Sogani has explained in detail the provisions of law relating to conversion of a company into a LLP with particular emphasis on section 43CA and its impact on stock-in-trade held by a Real Estate Developer. He has referred to all the important judgements on the issue. The effect of the Income Computation and Disclosure Standards (ICDS) relating to valuation of inventory has also been explained

Dr. K. Shivaram, Sr. Advocate, and Advocates Aditya Ajgaonkar and Shashi Ashok Bekal, have conducted a detailed analysis of the recent order of the Supreme Court extending suo motu the period of limitation. The learned authors have explained the provisions of Articles 141 and 142 of the Constitution which enabled the Supreme Court to pass the extraordinary and unprecedented order. They have also analyzed whether the said order applies to the Income-tax Act and extends the period of limitation prescribed therein

CA Shivangi Samdhani has explained the problems plaguing the Vivad se Vishwas scheme and why it may not be as successful as is hoped by the Government. She has also compiled a few questions which pose challenges in the interpretation and implementation of the scheme. She has answered the questions and suggested workable solutions

Advocate Shashi Bekal has conducted a holistic analysis of the Vivad se Vishwas scheme in the light of all recent developments. He has also provided a practical guide on how the declaration forms have to be filled and payment made. He has called upon the Government to extend the due date for payment of the tax in view of the prevailing lockdown in the Country. He has argued that the failure to extend the due date will expose the Scheme to serious legal challenge from disgruntled taxpayers

Advocates Paras Savla and Harsh Shah have conducted a critical analysis of CBDT’s Circular No. 7 dated 4th March, 2020 which answers 55 FAQs on the Vivad Se Vishwas Scheme. The learned authors have pointed out that there are a number of other controversial issues that require urgent clarification from the CBDT. They have identified these issues and also offered their own interpretation as to what the answers should be

Advocate Shashi Bekal has conducted a review of the Vivad se Vishwas Bill and its latest amendments. He has explained the precise scope of the Bill and the amendments. He has opined that while the amendments does improve the situation and removes a lot of uncertainty in the minds of taxpayers, there is still room for improvement. He has offered suggestions in that behalf

The Finance Bill 2020 has proposed several amendments to the Goods and Service Tax Act with a view to impose penalty and prosecution upon persons facilitating and benefiting from fake invoice transactions. The Bill also seeks to make fraudulent availment of Input tax credit into a cognizable and non bailable offense at par with supply without an invoice or fake invoicing provisions. CA Sujay Ajgaonkar has explained the scope of these amendments in a clear and straightforward manner

Advocate Neelam Jadhav has conducted a meticulous comparison of the Direct Tax Vivad se Vishwas Scheme 2020 with the Kar Vivad Samadhan Scheme 1998 and explained the similarities and differences between the two. She has also prepared a compilation of all the important judgements which may answer questions and controversies arising under the new scheme