"I am a lawyer with a strong foundation in commerce and taxation. My academic journey began at Delhi University, where I pursued a B.Com (Hons) degree, excelling in Taxation with a score of 71/75. Building on this financial and legal acumen, I went on to earn my law degree from Law College, Delhi University, graduating in 2020. With a keen interest in taxation, corporate law, and legal compliance, I have developed a deep understanding of financial regulations and their legal implications. My background in commerce equips me with analytical skills that complement my legal practice, allowing me to approach cases with a well-rounded perspective. Whether navigating complex tax laws or advising clients on corporate legal matters, my goal is to provide strategic solutions that align with both legal frameworks and financial interests."
Penny stocks, often associated with small, illiquid companies, have been a subject of concern due to their susceptibility to price manipulation. The Income tax Act, 1961, contains provisions such as Section 68 (Unexplained Cash Credits) and Section 10(38) (Exemption on Long Term Capital Gains LTCG) to prevent tax evasion through sham transactions involving these stocks.
ITAT Delhi affirms PCIT’s order under Section 263, ruling AO’s assessment erroneous & prejudicial to revenue. Key precedents cited include Ghanshyam HUF & Sham Lal Narula.
Advocate Amardeep Soni & Advocate Harsha Soni Gemplus India Pvt. Ltd. Vs ACIT (ITAT Bangalore) A Case Study of ITAT BANGALORE BENCH ‘A’ Gemplus India (P.) Ltd. v. Assistant Commissioner of Income-tax, Circle-11(4), Bangalore [2010] 3 taxmann.com 755 (Bangalore – Trib.) Abstract: The practice of cost allocation and transfer pricing is integral to multinational corporations (MNCs) […]
