We are excited to announce the latest release of Riverus for Income Tax. More power to you. Contact us at firstname.lastname@example.org if you are interested in trying out the product.
Welcome to The Vantage Point - the Riverus blog. We look forward to you reading our analysis, and hearing your views and feedback through comments. If you have any suggestions on articles or areas of income tax case law that you want us to analyse, please write in as a comment. (Comments on this site … Continue reading The Vantage Point
We received around 15 entries which were judged on structure, clarity, analysis and language. As per our panel's feedback, most entries scored extremely low on legal analysis while a couple of articles were disqualified as a result of plagiarism. The competition required an in-depth analysis of one (or more) issues in the given themes however the entries … Continue reading Results for 1st Riverus Article Writing Competition on Direct Taxes
High Court Terrain Income Tax is a field of law which sees one of the heaviest volumes of litigation in India. In order to extract the most relevant insights from a humongous data set like this, categorisation becomes a very important tool. We decided to categorise the tax litigation at the High Courts in India … Continue reading To Appeal or To Writ?
While most of the preliminary tax litigation in India is centred around the ITATs, the Authority for Advance Rulings (AAR) also plays in important role in resolving tax issues before they get a chance to hit proper litigation. It is an independent quasi-judicial body which can give give rulings on taxation queries presented by Non … Continue reading Forum Review: Authority for Advance Rulings
2018 was a busy year in the field of tax litigation, with almost 20,000 cases being disposed of across forums. The volume of litigation took a slight dip compared to earlier years in view of the Tax Effect circular issued by the CBDT on 11 July, 2018 which prescribed higher monetary limits for appeals filed … Continue reading Litigation Review : 2018
Justice Sanjiv Khanna was one of the two judges elevated to the Supreme Court in the latest round of appointments, becoming an SC judge on 18-1-2019. Prior to this he was one of the most experienced tax judges at the Delhi HC. He is now the third most experienced tax judge (in terms of number of … Continue reading Judge Spotlight – Justice Sanjiv Khanna
On June 6, 2018, the Authority for Advanced Rulings pronounced its decision in the case of MasterCard Asia Pte. Ltd. on the issue of whether there was a permanent establishment of the company in India or not. In a detailed judgment, the Authority ruled as follows: The setting up of Indian operations of MasterCard has … Continue reading Vox Analytica Files : A Data Driven Look at Permanent Establishment
In continuation of our series on Per Incuriam cases, today we look into two situations which present very intriguing questions of law related to genuineness of a partnership firm and the age old tax problem of distinction between capital and revenue expenditure. You can read the earlier parts here - I, II, III and IV … Continue reading Per Incuriam Cases – V
In this edition of per incuriam cases, we have cases with issues ranging from dismissal of complaint due to undisclosed amount not being high enough, to deduction of marriage expenses in for unmarried daughter and ending with the Bombay High Court deciding an issue against the assessee in three sentences. Does rejection of complaint due … Continue reading Per Incuriam Cases – IV
Even after a judgement has been declared per incuriam, they are routinely cited by the courts. For example, the case CIT vs Avi-Oil India Pvt Ltd.which was declared per incurium by V.R.A Cotton Mills (P) Ltd. vs U.O.I on 27-09-2011 has been cited 15 times since then. Identification of per incuriam cases can be useful to both lawyers … Continue reading Per Incuriam Cases – III