"Partner at Chetan Agarwal & co. which is is a well-established legal practice founded in 2000. With a strong focus on client satisfaction and maintaining long-term relationships, we provide a wide range of legal services including direct tax, indirect tax, company law. Our team of experienced professionals, led by partners CA. Chetan L. Agarwal and Dipak C. Dama, specialize in area of litigation of Income tax Specially handling of scrutiny assessment, filling of appeals at various level as such CIT(A), ITAT, High Courts and international taxation. Our firm is known for adhering to high professional standards and offering personalized services tailored to meet clients' specific needs. We excel in providing expert consultancy for assessment proceedings. Additionally, we offer services in direct and indirect tax complianc, auditing, assurance, and corporate restructuring. Over the past two decades, Chetan Agarwal & Co. has established a strong reputation as a reliable and comprehensive legal practice, consistently delivering exceptional results and meeting the diverse requirements of our clients. "
The Income Tax Act, 2025 replaces old reassessment provisions with Sections 279 to 286 and increases reopening timelines in certain cases. Tax professionals must carefully examine applicability based on the relevant tax year.
This article explains the five most frequent issues arising in modern income tax assessments, including unexplained cash deposits, Section 68 credits, data mismatches, cash transaction penalties, and non-compliance with notices.
Explore recent ITAT judgments on reassessment validity, 80G exemptions, DTAA interpretation for online education (FTS/Royalty), transfer pricing methodologies, and cash deposit explanations under Section 68.
Section 115BBE imposes a high tax rate on unexplained income to prevent tax evasion. Learn about tax rates, penalties, and compliance strategies.
Section 144C of IT Act, 1961 was brought through Finance Act, 2009 & introduced for orderly assessment with respect to the international tax case along with transfer pricing. Under this after serving a notice under it a draft assessment order would be given under which recipient shall receive chance of representation during dispute redressal for assessment before such assessment being made final.
Depreciation is statutory deduction that allows businesses to set off cost of their tangible & intangible assets over their useful life. Income Tax Act, 1961, offers framework for claiming depreciation, designed in such way that reduce financial burden on businesses by acknowledging wear & tear that assets undergo over time. This approach encourages investment, facilitates upkeep of assets, and ultimately strengthens business sustainability.
Scrutiny assessment which is mainly governed by Section 143 of IT Act is in-depth process used by tax officers to ensure accuracy and compliance in a assessee’s return filled. It is not like regular assessment processes scrutiny assessments involve detail examination of assessee’s financial submission, claim, deductions, & overall tax liability as disclosed in return […]
Learn the key reasons for receiving an income tax notice, types of notices, and strategies to ensure compliance, including understanding new data scrutiny practices.
Finance Act, 2023, has inserted section 43B(h) to facilitate timely payments to MSMEs by withholding deduction on account of delayed payments beyond prescribed timelines under the MSMED Act.
Explore key ITAT decisions on TCS, TDS credit, and warranty provisions in Ahmedabad, clarifying tax compliance and procedural requirements.
