Current Issue

In the High Courts: Part A

• Business expenditure — Meaning of expression “wholly and exclusively” in s. 37 — No compelling reason for incurring particular expenditure — Expenditu...
• Income Declaration Scheme, 2016 — Adjustment of advance tax towards tax, surcharge and penalty on income declared — No reason to distinguish between t...
• Period of limitation — Legislative powers — Delegated legislation — CBDT — Reassessment — Notice u/s 148 — Limitation — Extension of period of limitat...
• Reassessment — Notice u/s 148:— (i) Duty of AO — Consideration of assessee’s objections to reopening of assessment is not mechanical ritual but quasi-...

President's Message

I want to commence this message with a very sensitive topic which recently is on the mind of each professional. I am referring to the arrest of two chartered accountants by CGST Gurugram, in connection with an alleged INR 15 crores GST refund scam. A group of 60-70 chartered accountants who had gone to the office of CGST at Gurugram to inquire the reasons of arrest of fellow colleagues, were also illegally confined by locking the doors to the exits of the premises for more than 5 hours.