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Filing of appeals to Appellate Tribunal under the provisions of Prohibition of Benami Property Transactions Act, 1988
Filing of appeals to Appellate Tribunal under the provisions of Prohibition of Benami Property Transactions Act, 1988Section 46(1) of the Prohibition of Benami Property Transactions Act, 1988 provides that any perso...
Essentials of a Drafting of a Public Trust Deed
Essentials of a Drafting of a Public Trust DeedTrust or institutions can be formed by executing a Trust Deed. Trust deed is to be executed on non-judicial stamp paper, vary from state to state in any language suffic...
Procedure followed by the authority once the Initiating Officer (IO) get information about Benami Property
Procedure followed by the authority once the Initiating Officer (IO) get information about Benami Property The procedure followed by the
authority once the Initiating Officer (IO) get information about benami
prop...
Principles of cross examination in income tax proceedings
Principles of cross examination in income tax proceedingsThe issue of cross examination of witnesses in Income Tax proceedings has seen substantial litigation before various appellate fora. Many a time, income tax assess...
Compensation on retrenchment – Exemption as per the provisions of Section 10(10(B) of Income Tax Act, 1961
Compensation on retrenchment – Exemption as per the provisions of Section 10(10(B) of Income Tax Act, 1961Any compensation received by a workman under the Industrial Disputes Act, 1947, or under any other Acts or rules...
Admissibility of Circumstantial Evidence in Income Tax proceedings
Admissibility of Circumstantial Evidence in Income Tax proceedings“Men may tell lies, but Circumstances do not”.Meaning of evidenceThe word ‘Evidence’ has been derived from the Latin word ‘evidere’ whic...
Compensation on retrenchment – Exemption as per the provisions of Section 10(10(B) of Income Tax Act, 1961
Compensation
on retrenchment – Exemption as per the provisions of Section 10(10(B) of Income
Tax Act, 1961 Any compensation received by a
workman under the Industrial Disputes Act, 1947, or under any other Acts...
CONCEPT OF PRINCIPLE OF NATURAL JUSTICE IN INCOME TAX PROCEEDINGS
CONCEPT OF PRINCIPLE OF NATURAL JUSTICE IN INCOME TAX PROCEEDINGSPrinciples of natural justice are soul of an administration of justice and need to be adhered to in order to make the order as a just and fair order. The c...
Power of Principal Commissioner or Commissioner to reduce or waive penalty, etc. in certain cases as per the provisions of Section 273A of the Income Tax Act, 1961
Power of Principal Commissioner or Commissioner to reduce or waive penalty, etc. in certain cases as per the provisions of Section 273A of the Income Tax Act, 1961Section 273A empowers the Principal Commissioner or ...
Penalty under section 271AAC of the Income Tax Act, 1961 in case of income from undisclosed sources
Penalty under section 271AAC of the Income Tax Act, 1961 in case of income from undisclosed sourcesSection 271AAC of the Income-tax Act (inserted with effect from Assessment Year 2017-18 vide Taxation Laws (Second Amendm...