In this article The Finance Bill 2021 has amended the provisions of section 36(1)(va) and section 43B by inserting explanations to the respective sections in
Read full postIn this article Many companies will now have to dish out higher tax on past M&A deals with the budget ending the age-old practice on
Read full postIn this article Hon’ble Finance Minister Mrs. Nirmala Sitharaman announced new tax incentives for units under the International Financial Services Centre (IFSC) during the Budget
Read full postIn this article Among the amendments brought in by the Budget 2021 one interesting amendment has been in the provisions related to the Equalisation Levy
Read full postIn this article The issue of shares at a premium has always been the transaction which has invited close attention of the tax authorities, particularly,
Read full postIn this edition, Mr. Avnish Arora, and Mr. Dhaval Jariwala shares their views on section 56(2)(viib) and Section 68. Mr. Arora has worked with large tax
Read full postView Case During the course of assessment proceedings, the Assessing Officer noticed that assessee’s investments have come down from 25 lakhs as on 31.03.2006 to
Read full postCase: Enfield Apparels Ltd. Forum: West Bengal AAR Facts The NCLT initiated corporate insolvency resolution proceedings against the Applicant. The Applicant under the CIRP was
Read full postCase: M/s George Clinical India vs Union of India Forum: Karnataka High Court Facts The Petitioner filed a writ petition seeking to quash show cause
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