Author: Diksha Garg

Income Tax 

Reopening of assessment- Change of Opinion or Failure to apply Mind- Crescent Construction Co vs. ACIT (ITAT Mumbai)

October 20, 2017 Diksha Garg Income Tax, Reopening of assessment, section 114 of the Indian Evidence Act, Valid reasons for reopening of assessment

Discussion on reopening of assessments in the context of “change of opinion” vs. “failure to apply mind,” under s. 147/148,

Read more

Income Tax 

Delhi High Court takes serious note on Coercion and threats by Tax Officials -Case of Digipro Import and Export Pvt. Ltd vs. UOI

October 20, 2017 Diksha Garg delhi high court, Delhi High Court Judgement, high handed attitude of tax officials, tax collection by coercion, unlawful practices of tax officials

Know in detail about the Delhi High Court Case: Digipro Import & Export Pvt. Ltd vs. UOI. Critical obloquies passed

Read more

Income Tax 

Cameron Pte Ltd (Singapore) vs. ADIT (ITAT Jaipur) Case – Notice Under 143(2) must be Served Within the Specified Time Before the Expiry of the Restricted Period

October 2, 2017October 2, 2017 Diksha Garg Income Tax, ITAT

The notice under the provisions of section 143(2) of the Income tax Act is issued when the Assessing Officer (AO)

Read more

Income Tax 

PROCEDURES TO BE FOLLOWED FOR ANY OBJECTION AGAINST THE NOTICE ISSUED UNDER SECTION 148

October 2, 2017 Diksha Garg Income Tax, notice under the section 148, Section 148

Any taxpayer, who is aggrieved by the issuance of notice against him under section 148 and feels that such proceedings

Read more

Income Tax 

CBDT’s Proposal to Estimate the Expected Income In Future and Its Impact on India Inc

October 2, 2017 Diksha Garg CBDT, Central Board of Direct Taxes

The CBDT (Central Board of Direct Taxes) has put forward a plan in front of the companies in India to

Read more

Income Tax 

NOTICES UNDER SECTION 148 OF INCOME TAX AND COMMON MISTAKES MADE BY TAXPAYERS IN FILLING RETURN AGAINST SUCH NOTICE

October 2, 2017 Diksha Garg Income Tax, Notice under Section 148, Section 148

Are you the one who has got the notice under section148? Are you confused how to file your return? In

Read more

Income Tax 

Treatment of Business Expenses related to Relative or person with substantial Interest

October 2, 2017 Diksha Garg Analysis of Income tax deduction, Income Tax

There is an involvement of so many people when you start up your own work as a Freelancer. Your Financial

Read more

Income Tax 

Life Not Easy for TaxPayers, – Tax Terrorism must go

October 2, 2017October 2, 2017 Diksha Garg CBDT, GST, Income Tax, Tax

In today’s times in our country, small taxpayers are highly burdened by the compliance and it is high time that

Read more

Income Tax 

Assessing Officer Can select Any Return for Inspection after obtaining CCIT Consent- M/s Brothers Sisters Enterprise vs. JCIT (ITAT Kolkata) Case

October 2, 2017 Diksha Garg CIT, Income Tax, Tax

CBDT Guidelines for the analysis of Cases: Law establishes as to how the CBDT `1. As per the Guidelines for Income tax

Read more

Income Tax 

Notification clarifying ‘genuine’ transactions for nil capital gains when no STT is paid

August 27, 2017 Diksha Garg CBDT, Central Board, Direct Taxes, Income Tax

CBDT or Central Board of Direct Taxes recently released a notification that the transactions which under the Section 10(38) of

Read more