"The author belongs to the 1983 batch of the IRS. He served in the Income Tax department at various levels in various places throughout the country and retired from service in November, 2020 as Pr. Chief Commissioner of West Bengal & Sikkim. Views expressed are totally personal."
Analysis of the new Section 147/148 search assessment in the IT Act. Examines the requirement for incriminating material despite the “deemed information” clause.
Discover how Finance Bill 2023’s amendments to Section 28(iv) may impact the taxation of loans waived by banks. Detailed analysis of the changes and their implications.
An analysis of the legal correctness of CBDT Instruction No. 01/2022 and its implications on section 148 notices under the Income Tax Act.
Immunity : The Government by the IBC amendment Act 2020 has inserted a new Section 32 A in the I&B Code to provide for immunity to the Corporate Debtor (Company) from offences committed in the past (Prior to the date of the Resolution Order). It has also been clarified that the provisions of the I&B […]
Do all past statutory liabilities get wiped out after the Resolution Order by the NCLT ? Though the whole idea of the Insolvency & Bankruptcy Code (I&B Code) is based on ‘Yes’ as the answer to the above headline question, the law enforcement agencies, in absence any finality to the interpretation of law on this […]
