Vivek Jalan

Overview The omission of Section 56(2)(viib), commonly known as the "Angel Tax" provision, marks a significant shift in India's taxation framework for share premiums received by companies.

As per CBDT's Circular No.17/2019, the department cannot file appeals before the ITAT/High Court/ Supreme Court incase the tax impact (except interest and penalty) of disputed issues exceed the following limits -

Overview The provisions of Section 153A of the Income Tax Act empower the Assessing Officer (AO) to issue notices and reassess income for

Overview The Ministry of Finance's Notification No. S.O. 2036(E) dated 3 May 2023 significantly expands the scope of the Prevention of Money

Overview Section 2(14)(iii) of the Income-tax Act, 1961 (corresponding to Section 2(22) of the Income-tax Act, 2025) excludes specified

Overview In a significant transfer pricing ruling, the Kolkata ITAT in Philips India Limited v.

Overview The Supreme Court's ruling in Income Tax Officer vs. Vikram Sujitkumar Bhatia reinforces a key principle of tax law—that the Income

Overview Recent Income Tax Appellate Tribunal (ITAT) rulings have reinforced a balanced principle in tax assessments: while Assessing

| Illegal mining has long posed challenges for both resource governance and fiscal compliance.

The transition from the erstwhile indirect tax regime (VAT, Service Tax, Central Excise) to GST was accompanied by complex disputes over the treatment of transitional credits.