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Income Tax
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Section 43 of the Black Money Act, exercise of disrection and abuse of authority under law…a follow up to an earlier article
Section 43, as discussed in my previous article which analysed a decision of the Special Bench of ITAT,…
Levy of Penalty u/s 43 of the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 – Special Bench, ITAT, Mumbai
A Special Bench was constituted by the President following conflicting decisions of co-ordinate Benches on the interpretation to…
Representative Assessee under the Income Tax Act – in the Act of 1886 and under the Act of 1961
Income Tax in India has its origins to the first Act of 1860. In their paper titled Income…
REDEVELOPMENT OF PROPERTIES AND CHARGE TO TAX – A CONFLICT AMONG STATUTES
ABSTRACT This paper attempts to deliberate on how housing infrastructure laws enable taxing statutes to create a situation…
Principle of Mutuality and Incomes Exempt from Tax
The Point where Mutuality ends and Trading begins, determines non-exemption or taxability of income
Court’s power under Article 226 of the Constitution of India and exercise of Executive Power under Section 119 of the Income Tax Act – Purposive construction of “genuine hardship”
Section 119 of the Income Tax Act is an important provision under the Act vesting CBDT with power to issue Assessee-friendly notifications. The law is analysed in this Article.
Union Budget 2023
Introduction The Union Budget 2023 which was laid in the Lok Sabha on 1st February 2023 has been…
Provisions of Section 139(5) do not apply strictly to a situation of filing of revised Returns of Income by amalgamating companies under an approved Scheme of Arrangements and Amalgamation
First published on www.Taxguru.in on 6 February 2020 Dalmia Power Limited and Another Vs. ACIT (Supreme Court); Civil…
Taxation of Distribution of Assets by a Body of Individuals / “Specified Entity” – Sections 9B and 45(4) of the Income Tax Act, 1961
An Analysis Capital gains, as a chargeable head of income under the Income Tax Act, 1961 (IT Act),…
Dual taxation in connection with transfer of immovable property – A Brief Overview of Sections 50C and 56(2)(x)(b)(B) of the Income Tax Act, 1961
First published on www.Taxguru.in on 6 February 2020 This article is a brief attempt to analyze two different…
