Latest Articles
Income Tax
Reassessments Need Solid Reasons and Not Just Assumptions
One of the most contested issues in tax law is the power of the Assessing Officer (AO) to reopen assessments. Sections 147 and 148...
Income Tax
CAAS Writ Petition: Gujarat HC Questions CBDT on Due Date Extensions and Compliance Gaps
On 26th September 2025, the Hon’ble Gujarat High Court heard the writ petition filed by the Chartered Accountants Association, Surat (CAAS) in the matter...
Income Tax
Section 37 vs 69C: ITAT Clarifies the Right Tool for Disallowance
Issue Involved
Whether disallowance u/s. 37 is tenable where AO has not doubted the nature and source of purchases expenditure and addition is made solely...
GST
Why Your Health & Life Insurance Premiums May Not Fall as Much as You Think
When the Goods and Services Tax (GST) was introduced back in July 2017, it was celebrated as India’s most ambitious tax reform since independence....
Income Tax
Granting Development Licence Without Possession Not a ‘Transfer’ Under Section 2(47)
Issues Involved
Whether granting license to permit construction of land without giving any possession in land considered as transfer u/s. 2(47)?
Facts of the Case
The assessee...
Income Tax
Payments to Foreign Attorneys for IP Services Are Professional Fees, and Not FTS
Issues Involved
Whether payments remitted by Indian law firms to an NR foreign attorney towards filing, prosecution and maintenance of overseas intellectual property (IP) matters...
Income Tax
ESOP Taxation in Corporate Restructuring: Insights from Flipkart–PhonePe
Introduction:
ESOPs are structured as rights, not obligations, granted by companies to employees to purchase shares at a future date at a pre-agreed price. These...
GST
Assignment of Leasehold Rights Equals Sale of Land, Not Liable to GST : Gujarat HC Rules
Issue involved
Whether assignment of leasehold rights qualify as supply of services for the purpose of levy of GST?
Facts of the case
The Gujarat Industrial Development...
LATEST NEWS
“Ready to share your unique voice through blogging?”
Write an Article
+91 97234 00220
support@counselvise.com