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Latest Posts by Acelegal

Bharatiya Sakshya Bill, 2023: Admissibility of Electronic & Digital Records As Evidence

August 26, 2023 4206 Views 0 comment Print

In this article, author seeks to bring about a comparative study of admissibility of electronic and digital records in both these statutes and opines with whether BSB has been successful in its aim.

Amended provisions of reassessment in pursuance of search / survey

April 13, 2023 3246 Views 0 comment Print

Explore the amended provisions of reassessment in response to search survey by the Income Tax Department. Learn how to navigate notices under section 148, the exceptions provided in Explanation-2, and the implications for taxpayers. Stay informed with expert insights. Source: Income Tax Act 1961, Amendments, Legal Analysis.

Section 45(4) Applicability to a Real Estate Developer Firm

January 1, 2023 8556 Views 0 comment Print

The amendment to section 45(4) of the Income Tax Act, 1961 can cause more issues than solved. Learn about its applicability to a Real Estate Developer Firm here!

ITAT quashed reopening of assessment initiated by AO merely based on information received from investigation wing

December 30, 2022 1854 Views 0 comment Print

Mumbai ITAT has quashed reopening of assessment under section 147 made by AO only on the basis of information received from report of investigation wing.

GST Conundrum – GST on real estate sector

September 3, 2022 3249 Views 0 comment Print

Unraveling the complexities of GST on real estate sector. Explore the issues and implications of the recent amendments to GST regulations.

NFAC to be represented through jurisdictional PCIT

April 27, 2022 1362 Views 0 comment Print

Ashtnidhi Developers Vs National Faceless Assessment Centre Delhi (Bombay High Court) If NFAC is a party respondent, the cause title will state NFAC c/o. concerned Principal Commissioner of Income Tax and that Principal Commissioner of Income Tax shall accept service on behalf of NFAC. FULL TEXT OF THE JUDGMENT/ORDER OF BOMBAY HIGH COURT 1] Ms […]

Reopening of Assessments – Clinical Study of Section 148A

April 18, 2022 10917 Views 1 comment Print

Introduction: The Apex Court had in the case of GKN Driveshafts (259 ITR 19) laid down the procedure to be followed in all cases where the back assessments of a person are opened by the Income Tax Authorities. The said decision recognised the right of a person to seek: a) a copy of the “satisfaction’ […]

Faceless Assessment- Courts Uphold Principle of Natural Justice

November 9, 2021 8142 Views 1 comment Print

Introduction: The government’s intention to reduce the interaction between assessee and the department and leaps in technology evolved the concept of “faceless assessment”. Now technology is the vehicle which is used to carry out the assessment proceedings which were otherwise physical/manual in nature. The process of filing the submissions has changed from manual to online […]

Buyers Right To Claim Refund Under RERA – Tribunal Decides

May 5, 2021 10368 Views 0 comment Print

Introduction: In a recent decision of Dinesh Humane and another vs. Piramal Estate Pvt. Ltd.  the RERA Tribunal, Maharashtra has passed an interesting order highlighting the difference between a “reservation letter”, a “booking form” filled by the buyer for the flat and the formal “Agreement for sale” of the flat. The said decision is bound to bring […]

Recent Service Tax Show Cause Notices – Validity Thereof

January 27, 2021 265641 Views 54 comments Print

The Service tax authorities have recently issued a spate of SCNs for the FY 2015-16 to June 2017. Most of these notices are worded same and seems to be a template issued by someone from the ministry. The said SCN are purportedly issued under section 73(1) of the Finance Act 1994 alleging “wilful attempt to […]

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