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Vaish Associates Advocates | India | 21 Jul 2021
India EL 2021—Expansion of Provisions or Hidden Inconsistencies?
Over the past few years, India has been rationalizing its tax structure into a regime which has moderate rates of tax, reduced litigation, and a…
Vaish Associates Advocates | India | 5 Jul 2021
Faceless Assessments - Laudable Initiative but Riddled with Challenges!
We are pleased to share with you the video link of our web series #TaxMantra on the contemporary topic of “Faceless Assessments - Laudable Initiative…
Lakshmikumaran & Sridharan | India | 16 Jun 2021
Cess: An allowable expenditure under the Income-tax Act?
It is a settled principle statutorily that the income tax paid by a taxpayer on its income is not allowed as a deductible expenditure under the…
Khaitan & Co | India | 1 Oct 2020
Commissioner of income-tax (appeals) gets masked: government introduces faceless appeal scheme
In line with Government's widely promoted objective of ensuring efficiency and transparency in tax administration, the Government has notified the…
Khaitan & Co | India | 18 Aug 2020
Prime Minister Launches Faceless Tax Assessments, Appeals and Taxpayer’s Charter
Hon’ble Prime Minister (PM) Mr Narendra Modi launched a ‘Transparent Taxation’ platform on 13 August 2020 comprising faceless assessments, facel…
Vaish Associates Advocates | India | 17 Jun 2020
Calling on Bharat Earth Movers
In the recent judgment of UOI v. Exide Industries Limited and Ors [2020] 116 taxmann.com 378 (SC) decided on 24.04.2020, a three-judge bench of the…
Khaitan & Co | India | 1 Jun 2020
Obligation to Withhold Tax at the Specific Rate under Indian Income Tax law stands unaffected by tax treaty
The Supreme Court of India (SC) in its recent case of PILCOM (Civil Appeal No. 5749 of 2012 with Special Leave Petition (Civil) No. 6829 and 7315 of…
Khaitan & Co | India | 15 May 2020
Supreme Court upholds constitutional validity of section 43B(f)1 of the Income-tax Act
The Supreme Court of India (Supreme Court) in its judgment in the case of Union of India & Ors v Exide Industries & Anr (Civil Appeal No 3545/2009)…
Khaitan & Co | India | 28 Apr 2020
Taxation of Partners’ Compensation on Reconstitution of Partnership
The Mumbai Bench of the Income Tax Appellate Tribunal (Tribunal) in the case of M/s Anik Industries Limited (Tax Payer) vs DCIT (ITA No. 718…
Khaitan & Co | India | 24 Apr 2020
Education ‘Cess’ Not a Tax?
Recently, in the case of Sesa Goa Limited v The Joint Commissioner of Income-Tax (ITA No. 17/2013), the High Court of Bombay at Goa allowed a…
