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...