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...
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Top News
Bollywood, Betting, and Billionaires: The Mahadev App Saga
The Enforcement Directorate (ED) had set the stage for a high-profile showdown, summoning Bollywood's elite, including Ranbir Kapoor, Shraddha Kapoor, and other luminaries, to...
Startups
RELIEF FOR STARTUPS IN INTERIM BUDGET 2024
On 1st February, Finance Minister Nirmala Sitharaman introduced the Interim Budget 2024 in Parliament. An important feature is the deadline for the incorporation of...
Finance
Small but Mighty: Everything you need to know about the euphoric SME IPOs
India’s IPO market is booming. With about 220+ IPOs in 2023 and 22 IPOs in the first month of 2024 alone, boils down to...
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A Step-by-Step Guide for obtaining Make in India Certificate
Prime Minister Narendra Modi launched the ambitious Make in India campaign in 2014, envisioning the transformation of the country into a global manufacturing powerhouse....
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MSME Payment delays to burn a hole in your pocket: Decode the changes in 43B.
In a world where business dynamics are continuously changing, recent amendments to Section 43B of the Income Tax Act are sending shock waves through...
Top News
RBI’s blow to Paytm Payments Bank!
On January 31, The Reserve Bank of India (RBI) via its press release note, ordered Paytm Payments Bank (herein thereafter referred to as “the...
Income Tax
CAN THE CASE BE REOPENED AFTER THREE YEARS ON THE BASIS OF INFORMATION OF SALE TRANSACTION OF A LAND AMOUNTING TO RS.90 LAKHS WHICH...
To address this issue, let us first understand an interplay of Sec 148,148A and 149(1)(b) and the relevant extracts are re-produced below:
Section 148 of...
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Interim Budget 2024-25: Attracting the Masses with Populist Schemes as Modi Eyes Re-election
Crafting an interim budget with elections in sight, FM Nirmala Sitharaman unleashed a slew of populist measures. As PM Modi seeks renewal, the government...
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