Tax Law

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Relaxation of Validation (Section 119 of the Finance Act, 2012) Rules, 2021

Centre notifies new Rules [Relaxation of Validation (Section 119 of the Finance Act, 2012) Rules, 2021; to settle the controversial retrospective tax case concerning Vodafone. INTRODUCTION Last year, Vodafone won…

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1280 675 Rohit Pradhan
Corporate Veil

Managing Director cannot be made liable for the unaccounted Income of the Company: Income Tax Appellate Tribunal, Mumbai.

In the recent case of ITAT, Mumbai Bench, the tribunal held that the Managing Director is not liable for the undisclosed and unaccounted income of the company. According to the…

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1280 675 Charul Mishra

Under Rule 25 of the Central Excise Rules, 2002, the Raw material is not liable to be confiscated: CESTAT, Delhi

In a recent case, the Delhi bench of Customs, Excises and Service Taxes Appellate Tribunal held that the raw material cannot be confiscated under Rule 25 of the Central Excise…

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1200 675 Charul Mishra
capital gains exemptions SECTION 54 INCOME TAX ACT 1961

Explained: Section 54 of the Income Tax Act | Exemptions on Capital Gains

The author has explained the intricacies and meaning of Section 54 of the Income Tax Act, 1961 in the present Article. Section 54 of Income Tax Act: Exemption for Capital…

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1200 675 Devesh Badoliya
crat symbiosis tax avoidance

Webinar: Tax Avoidance | Symbiosis Law School, Hyderabad | 28th Dec 20

Introduction to CRAT Real estate industry being one of the most dominant industries in India and taxation being the most important aspect of our country, Laws regulating these are prominently…

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1280 675 LexForti Legal News Network
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