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Section 14A Disallowance – Understanding The Fundamental Principle And Rule 8D Computation
1. INTRODUCTION & CONTEXT Why This Matters For any business investing in tax-exempt securities (dividend-yielding shares, mutual funds generating exempt income, Section 10 inve
Block Assessment and Search Assessment: Complete Legal Guide with Procedures, Case Law & Checklists
Evolution, Statutory Comparison, Procedural Safeguards, and Practical Guidance for Tax Professionals Executive Summary: Two Regimes, One Principle India’s approach to taxing
The Satisfaction Note Doctrine in Income Tax Search Assessments: From Calcutta Knitwears to Jasjit Singh
A Comprehensive Legal Analysis of Procedural Safeguards, Judicial Safeguards, and Practical Implementation Under the Income Tax Act, 1961 Executive Summary: Key Takeaways on the Sa
Black Money Act Under Review: Government Panel to Revisit Harsh Penalties and Implementation Challenges
Introduction: A Decade-Long Experiment Under Scrutiny A decade after the enactment of one of India’s most stringent anti-evasion laws, the government has initiated a comprehe
Historical Evolution of Section 271(1)(c) Provisions: Penalty-to-Tax Ratio and Legislative Intent
From the Income Tax Act 1922 to Modern GST Era: How Penalty Philosophy Transformed From Punitive to Proportionate Introduction: From Punishment to Proportionality—A Century-Long
Income Tax Penalty Appeal: Complete Guide to CIT(A), ITAT & High Court with Practical Remedies [2024-25]
Complete Guide to Multi-Level Appeal Structure, Remedies, and Judicial Review of Penalty Orders Under Income Tax Act Introduction: A Comprehensive Multi-Level Appeal Structure The
Section 271(1)(c) Penalty in Detail: Concealment vs. Inaccuracy and the Requirement for Intentional Wrongdoing
Introduction: A Question of Two Essentials and Intentional Wrongdoing Section 271(1)(c) of the Income Tax Act, 1961, stands as one of the most litigated, contested, and misapplied
Assessment Order and Penalty Proceedings: Do Penalties Survive When the Assessment Is Quashed?
Introduction: The Doctrine of Parasitic Dependency Penalty proceedings under the Income Tax Act are inherently dependent on the validity of the principal assessment order from whic
Implications of Section 281 of the Income Tax Act for Companies and Individuals
Introduction: Understanding the Protective Framework The Income Tax Act of 1961 stands as the cornerstone legislation governing direct taxation in India, establishing a framework t
Income Tax Department Imposes ₹23 Crore Penalty on ACC Limited: A Comprehensive Analysis of Tax Compliance and Penalty Provisions
Introduction The Income Tax Department recently imposed a substantial penalty totaling ₹23.07 crore on ACC Limited, one of India’s leading cement manufacturing companies cu
