"Advocate Amit Kumar Gupta, proprietor of Amit R Gupta & Associates, a Chartered Accountant and renowned lawyer. He is practicing in the field of Income Tax for over two decades and has diverse industries experience in all areas of Income tax Litigation, Taxation and Audits and now he has started practicing as an advocate. His strength lies in his deep analysis of facts in each case that enables him to handle the Income tax cases of any size and complexity. He is a member of “All India Federation of Tax Practitioners”. He is also the member of ITAT Bar Council. He represents a diverse client base before various appellate levels. Over the years, he had built a reputation by providing high-quality work, a positive outlook, and the highest standards of service and ethics. He has also completed his LLM and perusing PHD in Law. He had been interviewed at various renowned forums like Zee Cafe HD, Total TV, HarKhabar TV Etc., to express his views on Income Tax issues. He has also authored one of the Best Seller Book on “One Stop Referencer for Assessment and Appeals” with Bharat Publishers. He is a guest speaker at various study circles and also at various other forums. Also, he had contributed many write ups over various section of Income tax Act which have been published at various renowned forums such as Income Tax Reports, Tax Guru, Tax Management, NIRC Member’s Journal etc. He also owns a you tube channel named as Advocate Amit Kumar Gupta which has around 894 videos on his analysis and explanations on Landmark judgments and other important judgments under Income Tax. These videos are available according to section wise in the playlist. His Channel is in collaboration with renowned publisher CLI who publishes ITR since 90 years. He is also a very social person and member of various social organisations clubs in Delhi. "
As per Section 147 of the Income Tax Act, 1961, the Income Tax Department has the power to reassess an individual’s previously filed income tax returns. The Assessing Officer can pick income tax return for reassessment subject to some pre-defined criteria by sending a notice under section 148 for income Escaping Assessment.
Discover the implications of sections of the Income Tax Act, 1961, and articles of the Constitution of India in tax assessments and recoveries. Learn from a recent judgment how timely appeals and payments can protect taxpayers’ rights.
Separation of Power is a doctrine of constitutional law under which the state is divided into three different branches i.e. legislative, executive and judiciary each having different independent power and responsibility so that one branch may not interfere with working of others two branches.
Learn how section 147/148 of the Income Tax Act gives plenary powers to reopen concluded assessments. Find out why ‘Reasons to Believe’ is the foundation stone of proceedings u/s 147/148 and what makes it different from ‘Reason to Suspect’
Specification of Charge of penalty under section 271(1)(c) is an important factor while deciding the matters in litigation- Ganga Iron and Steel Trading Co. v Commissioner of Income Tax dated 22.12.2021 , 447 ITR 743 (Bom.)
Generally, addition of jewellery found during the course of search has been a litigated issue in India from a very long time. The jewellery found during search generally presumed to belongs to searched assessee and his family. The Assessee is required to explain the source of Acquisition of Jewellery.
Whether CBDT is expected to go deep into the niceties of law before considering application u/s 119(2)(b) of the Income Tax Act 1961? Introduction In India, every assessee required to file his Income tax return within time prescribed under section 139 of the Income Tax Act. However, sometimes the assessee is not able to file […]
INTRODUCTION The Phrase ‘Natural Justice’ means that justice should be impartial, fair, equal for all and ensuring protection of individual rights against arbitrary procedures and miscarriage of justice by the authorities. In other words, it is the soul of the body of justice and foundation on which delivery of justice is based. The rules of […]
Section 292B is considered as a protection to the Income tax authorities for most of short comings in proceedings due to technical aspects.’Substance over form theory’ is the underlining philosophy of section 292B of the Act.
In actual practice there is a good deal of difference of opinion as to whether a particular payment is capital or revenue expenditure. Sometimes, the distinction between capital and revenue creates a considerable litigation. In many cases borderline between the two is very thin. However it is essential to distinguish revenue expenditure and capital expenditure […]
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