Explore the illogical disallowance of business expenses by assessing authorities, the burden on taxpayers, and the questionable logic behind such actions.
Discover the implications of a significant Delhi ITAT ruling on cash sales pre-demonetization. Learn how it affects taxation and financial reporting.
Explore recent ITAT judgment in Rakesh Kr. Jha vs. ITO, delving into interpretation of Sections 271A and 271B, highlighting conflicting views among High Courts.
Confusion around Income Tax Section 36(1)(viia) and its applicability to cooperative societies. Judicial views, distinctions and unresolved debate on Section 36(1)(viia)
Explore crucial issues in income tax practices, including Section 44AD, TDS obligations, LTCG exemptions, cash deposits, and tax deductions under Section 80G in India.
Explore the common factors that unite tax advocates, chartered accountants (CAs), and financial professionals. Dive into the world of deep analysis and speculation in finance.
Explore the complexities of corporate taxation amid the fast-developing world economy, focusing on issues like dividend tax, international taxation, technical fees, and more. Get insights into upcoming judicial pronouncements and changes in the field.
Explore the Real Income Theory in Income Tax Law, a court-made concept emphasizing taxation of actual income, not hypothetical earnings. Learn its evolution, judicial acceptance, and exceptions in specific sections of income tax law.
Explore the unique nature of litigations in income tax, distinct from other legal domains. Delve into the dual role of executive and judiciary, ensuring a balanced and specialized approach. Uncover the historical effectiveness of this system in addressing complexities in income tax laws.
Now this new section 148A has shifted the power of enquiry about the legality of reopening from the realm of High Courts to the department and assessee is precluded to challenge the u/s 148 notice now and then like before in the High Courts. As a result most of reopening will fall flat no more by judicial interference and coffer of government will swell definitely.
