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Faceless Assessment Procedure under Section 144B of Income Tax Act: Legal Framework and Operational Units
Introduction The introduction of Section 144B in the Income Tax Act, 1961, through the Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020, represent
Process for Revocation of Cancellation of GST No as per Gujarat GST Act,2017
Revocation of Cancellation of GST Registration In the realm of GST regulations, the process of Revocation of Cancellation of GST registration plays a pivotal role in safeguarding t
Unjust Cancellation of GST Registration: A Case Study of GST Registration
Background This Case revolves around the issue of unjust cancellation of GST registration. The petitioner, Apparent Marketing Private Limited, was granted registration under the
Entertaining Writ Petitions When Alternative Remedy is Available and a Pure Question of Law: A Case Study
Background This article is an analysis of judgement passed by Hon’ble Apex Court dated. 01.02.2023, where the important question of law was entertaining Writ Petitions whe
The Role and Powers of the Assessing Officer in the Light of the National Company Law Tribunal’s Decision
Introduction This is a comprehensive analysis of the case involving Gayatri Projects Ltd. and the Principal Chief Commissioner of Income-tax, Hyderabad. In the realm of taxation an
Constitution of Committee of Creditor
Introduction: A creditors’ committee is a group of people who represent a company’s creditors in a bankruptcy proceeding. As such, a creditors’ committee has
Income Tax Informants Rewards Scheme 2018 and Evasion Petition Procedure
Introduction The Income Tax Informants Rewards Scheme 2018 represents a significant enhancement in India’s approach towards combating tax evasion through citizen participatio
INCOME FROM HOUSE PROPERTY
Introduction: Earnings from capital asset refers to any income earned from a house property, either in the form of rent or through its sale. The Income Tax Act treats any property,
TAX SYSTEM IN INDIA
The tax structure comprises the federal government, state governments, and municipal governments. In India, taxes are classified into two parts: direct and indirect taxes. Direct t
Cryptocurrency- brief overview of regulation.
Cryptocurrencies have gained a lot of traction in recent times in India which is home to one of the largest markets for cryptocurrencies in the world. According to a report, the co