Taxation Lawyer

No scope of intendment in taxing statutes by departmental circulars, for giving expansive meaning to words: SC

By team of Advocate Retainer April 28, 2020 - 04:30

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YUM! restaurants is not liable for Income tax exemption, absence of mutuality & non-adherence to terms of SIA approval: SC

By team of Advocate Retainer April 26, 2020 - 12:30

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Sec. 43B(f) of Income Tax is constitutionally valid: legal basis of the judgment i.e. enactment, can be changed by legislature: SC

By team of Advocate Retainer April 25, 2020 - 13:30

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Indian liaison office of 'U.A.E Exchange Centre' is not susceptible to pay Income Tax for NRI Remittances from UAE to India, Art. 5(3)(e) DTAA: SC

By team of Advocate Retainer April 24, 2020 - 14:00

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SC sets aside concurrent findings of assessment made under Sec 143(3) Income Tax - on proving of innocence by assessee in separate, subsequent penalty proceedings under Sec 271 by leading cogent evidence

By team of Advocate Retainer April 24, 2020 - 04:30

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Govt can withdraw anytime, before time "incentive / exemption" on establishing new Industries - in larger public good: SC

By team of Advocate Retainer April 23, 2020 - 08:30

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Medical Oxygen IP and Nitrous Oxide IP are medicines used for or in the diagnosis, treatment, mitigation or prevention of any disease, are liable to tax only at 4%/5%; SC.

By team of Advocate Retainer April 14, 2020 - 01:30

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A property of Central Government is not liable to property tax in view of Art 285 unless it is charged to tax prior to commencement of the constitution; SC.

By team of Advocate Retainer April 10, 2020 - 00:30

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To apply limitation of 16 years for reopening assessment, then in the notice or at least in the reasons in support of the notice, the assessee should be put to notice that the revenue invokes second proviso of Sec 147; SC.

By team of Advocate Retainer April 03, 2020 - 14:25

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The Income Tax cannot impose additional tax under Sec 143 (1-A) - unless there is a finding that the assessee has attempted to evade tax; SC.

By team of Advocate Retainer March 29, 2020 - 10:00

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The SC remands back the matter - demand of over Rs. 2000 Crores for fresh consideration by the Income Tax authorities - in view of concession by counsels to do so and peculiar facts and circumstances.

By team of Advocate Retainer March 25, 2020 - 09:00

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In case of documents found qua other assessee at the time of search by Income Tax, the Assessing Officer must be satisfied and it should be specifically mentioned that the documents so seized belonged to the assessee – the other person u/s 153C; SC.

By team of Advocate Retainer March 18, 2020 - 10:30

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