Articles

Finance Act, 2021 has brought out sea-changes in the scheme of reassessment. Justice Shah termed the new scheme of reassessment in the famous case of Ashish Agrawal as ‘game changer’...

Government’s quest to bring more and more payments within the TDS net seems to have prompted section 194T to come on the statute by the Finance (No. 2) Act, 2024 w.e.f. 01.04.2025. Section...

IntroductionChapter XXI of Income Tax Act, 1961 is replete with penal provisions right from section 270A to section 272BBB. Section 271AAD introduced by the Finance Act, 2020 is the latest...

Income Tax Appellate Tribunal (hereinafter ‘Tribunal’) passes order on the strength of the power conferred by section 254(1). Power to rectify the apparent mistakes from record in such order is...

Introduction & Background Various actions & proceedings contemplated under the Income Tax Act, 1961 (hereinafter called “Act’) are time bound. This is because of the...

Preface & Introduction Present time may not be the best time to discuss a recently introduced depressing attempt & regressive amendment made to section 254(2A) of the Income Tax Act...