Special Leave Petitions: The complete law Ajay R. Singh & Sujeeth S. Karkal Advocates When a SLP is dismissed, what is the consequence? Is the impugned judgement “affirmed” by the Supreme Court and, therefore, the law of the land? Or …

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In this threadbare analysis of the law on real estate development contracts, the authors have, apart from referring to every conceivable problem and a plethora of important case laws, lashed out at the CBDT for its’ dereliction of duty in failing to notify even Dharavi for purposes of s. 80-IB (10). The authors have made out a strong case for filing a PIL against the lethargy of the Board.

The Learned Judge presents his unique perspective on the economic turmoil that has gripped the globe and suggests solutions from a tax perspective to resolve the crises. He especially advises chartered accountants to be strict in accounting and not be mere hirelings of certain businessmen, be men of honour and refuse to do wrong things merely because they can earn some money thereby

The author deals with the ever – popular topic of tax planning in the context of family arrangements. He warns that while in a genuine settlement, tax avoidance comes merely as a providential or fortuitous side effect, if one targets family settlement as a tax saving device that may cast a cloud on the bona fides of the whole transaction and may be regarded as a subterfuge to hoodwink the revenue

High-pitched assessments under the Income-tax Act – Some remedies S. R. Wadhwa Advocate The author examines possible ways of mitigating hardship and inconvenience to tax payers arising out of high-pitched assessments. He gives practical advice on how to ensure that …

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Scrutiny Assessment under the Income-tax Act with Special reference to Annual Information Returns Anil Kumar Singh Advocate The author has meticulously analyzed the scheme of scrutiny assessment and identified numerous anomalies therein. He warns that the scheme needs substantial streamlining …

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Transfer Pricing – A definitive guide Editorial Board Transfer Pricing refers to the statutory framework designed to lead to computation of reasonable, fair and equitable profit and tax in India so that the profits chargeable to tax in India do …

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The word ‘Res Judicata’ is derived from the Latin language. It means a case or suit already decided. The principles of Res Judicata, in the eye of law, is that if on any facts and/or law, a particular decision is made than subsequently if any lis on similar facts and/or law is to be decided between the same parties, it should be same as made earlier.

As per The Law Lexicon “Res adjudicata” means “A matter adjudged; a thing judicially acted upon or decided; a thing or matter settled by judgment; a thing definitely settled by judicial decision, the thing adjudged”.

The tax authorities are interested in classifying as much incomes as possible as royalties, because a fixed tax is imposed on royalties and fees for technical services; and assessees are interested in avoiding such classification since that which is not classified as royalty or fees for technical services is business income, which is taxed at a very low or nil rate.

Now, how does one say that the Mumbai terror attack and 9/11 is a part of the sequence of the Third World War. This is because of a tell tale sign left by the terrorist in the Mumbai terror attacks. First of all , there is now enough evidence that Pakistan, more particularly the ISI was behind the attack. Do you think that ISI or the matter of fact, Pakistan has the guts to take on United States on its own ? Would they have United States citizens selectively killed in Mumbai terror attack? They have seen what the United States did in Iraq and Afghanistan. They would have surely not planned this adventure unless they are have comfort of support of a coalition of a sizable force to match the might of United States. Yes, they have the support of China, but that is the end of the story. The terrorist network of ISI, Taliban and Al Qaida has its presence in several other countries, whose support must have been counted before launching the Mumbai attack. The selective attack on the Israelites in Mumbai is an acknowledgement served by the ISI alliance that countries sharing anti-Israel sentiments would support them in case of war with United States.