By Sashi Athota: Dear Tax Professional, Many thanks in advance for your time. I am a lawyer educated in the U.S. and admitted to the State Bar of California. Currently, I am doing a PhD at Victoria University of Wellington in New Zealand. For my research, I need to elicit the views of tax professionals in India through… Read More ...

By ANADI VARMA: The article analyses the aspect of APPLICATION OF MIND by quasi judicial authorities in their decisions in context of SHARVAH MULTITRADING COMPANY DECISION by Hon'ble Bombay H.C. Read More ...

By ANADI VARMA: I.This basic accounting principle has been a huge bone of contention in numerous matters and is an oft misunderstood concept leading to oversimplification and misinterpretation which in turn results in litigation.The article proposes to explain the concept in terms of settled law by numerous SC decisions and is expected to be useful to new entrants… Read More ...

By ANADI VARMA: HON'BLE Bombay High Court decision in Milestone Brandcom Private Limited In WRIT PETITION (L) NO.28212 OF 2021 decided on 14th December 2021 has brought into focus yet again the inability of AOs to implement s 144B NEW ASSESSMENT PROCEDURE.The article discusses the said judgment,examines some legacy issues annd takes a brief look at what is… Read More ...

By ANADI VARMA: The decision of the Honourable Supreme Court in the case of Reliance Telecom Limited reported in 133 taxmann.com 41 on 3RD December 2021 bringsin sharp focus,the scope of powers conferred upon the Income Tax Appellate Tribunal under section 254 (2 ).The article attempts to analyse the implications of this significant judgment,the aspect of s 254(2)… Read More ...

By ANADI VARMA.: The title encapsulates a news item which intrigued me more than six years back as it appeared in Business Standard.It was about a proposed demereger of the iconic brand .That culminated in handling a few such matters in ITAT Mumbai and has resulted in this article which is a lay man'S effort to understand the… Read More ...

By Miss Shinjani Agnihotri and Mr. Devansh Jain, Students of Institute of Law, Nirma Law University: ABSTRACT India has undergone a series of developmental changes in taxation that has contributed to the evolution of the Goods and Services Tax framework as we know it today. The most consistent thing during this growth has been legislature’s endeavour to create a comprehensive indirect taxation scheme to lessen the burden on both the supplier… Read More ...

By Miss Tanu Priya, Student of Army Institute of Law, Mohali: Taxation is backbone of a country’s economy. A perfectly administered system will hold the nation in difficult times and eventually leading to easy access to justice for the people. Tax raises money for food, cloth, shelter, education and various other things for the people, helps in reducing the already present inequality between the two classes.… Read More ...

By Mr. Aryan Lukka, Student from NMIMS's Kirit P. Mehta School of Law: The Income Tax Appellate Tribunal (Hon’ble ITAT) country’s first tribunal instituted for administering the appeals under Direct Taxes Act. It is known as the “Mother Tribunal” of India. With its institution in 1941, the tribunal has been discharging it functions in a fair and efficient manner. It was the success of Hon’ble ITAT that inspired… Read More ...

By ANADI VARMA: FINALITY, RES JUDICATA,CLAIM PRECLUSION AND ABUSE OF PROCESS are oft quoted but less understood, and in case of Henderson,little known ,but vital and interconnected aspects in law.This is a modest attempt to unravel the source code of these valuable principles. Acknowledgment is due to valuable inputs derived from case authorities, Wiki as well as modest… Read More ...