We are excited to share with you that our Riverus Strategic Income Tax Research tool had not only got new looks but also is packed with robust functionalities. This tool will save your research time by offering answers to your queries in seconds. Check this quick video to get sneak peek. To get a demo … Continue reading Riverus Strategic Income Tax Research Tool v2.0 is out!
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Judge analytics – PCIT vs. NRA Iron and steel
While most people associate the practice of law with the highlight grabbing action in courts, a fundamental part of any successful case is the research done in the background. Research is usually considered a tedious process, with most people having to spend hours to arrive at an operative case or to uncover an insight that … Continue reading Judge analytics – PCIT vs. NRA Iron and steel
Case study: PCIT vs. NRA Iron and Steel
AWOL - Consequences Case outcome A two-judge bench of Supreme Court comprising Justice Indu Malhotra and Justice U.U. Lalit in the case of PCIT vs. NRA Iron and Steel has held that providing only identity of the investors and using appropriate banking channels was not sufficient to prove the genuineness and credit worthiness of investors … Continue reading Case study: PCIT vs. NRA Iron and Steel
Results for 1st Riverus Article Writing Competition on Direct Taxes
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
To Appeal or To Writ?
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?
Forum Review: Authority for Advance Rulings
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
Litigation Review : 2018
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
Judge Spotlight – Justice Sanjiv Khanna
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
Vox Analytica Files : A Data Driven Look at Permanent Establishment
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
Per Incuriam Cases – V
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