One Stop Referencer for Assessments and Appeals

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Description
Over the years, the Indian Government has brought significant changes in its Income tax policies in order to facilitate the taxpayers in India. However, litigation in India has always been a sore point for new and existing businesses. Tax litigation under the Indian judicial system occupies a large portion of judicial time. Typically, litigation in India is multi-layer in nature and involves a lot of money and man-hour consumption. The litigation process is not only time consuming and somewhat tedious, but also needs innumerable questions to be answered. This issue gains more importance as a sizable amount of revenues are locked in disputes which sometimes have a devastating effect on the Indian business and consequently on the Indian economy as well. This book is a compact, integrated guide to practicing Income Tax Professionals and the Assessees on various important aspects of the Income Tax Litigation. We have tried to consolidate at one place various important concepts, principles and terms not only related to Income Tax litigation but also the dealing with regular Assessment matters. In order to make the book more relevant and informative, we have incorporated various important decisions of various  income Tax Tribunals, High Courts and Supreme Court. We trust that this publication will contribute to reasonable understanding of the surrounding issues.
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Table of Contents
Chapter 1       Writ Petition in Income Tax Act
Chapter 2       Overview of Revenue and Capital Expenditure
Chapter 3       Ignorance of Law is of no excuse
Chapter 4       Doctrine of Natural Justice
Chapter 5       Waiver of Interest
Chapter 6       Taxation and Assessment of Dead Person
Chapter 7       Section 263: Revision of orders prejudicial to revenue
Chapter 8       Substantial Question of Law
Chapter 9       Section 241A: Withholding of Refund in Certain Cases
Chapter 10     Deducted TDS not Deposited on Time, You Could be Prosecuted
Chapter 11     Section 292B: Return of Income, etc., not to be invalid on Certain Grounds
Chapter 12     Contempt of Court
Chapter 13     Stay on Demand
Chapter 14     Right to Appeal to Courts
Chapter 15     Faceless Assessment and Appeals
Chapter 16     Section 50C: A Step Forward in Curbing Black Money
Chapter 17     Appealable Orders Before Commissioner (Appeals)
Chapter 18     Appeal Procedures to ITAT
Chapter 19     Section 69: Unexplained investments
Chapter 20     Section 69A: Unexplained Money, etc.
Chapter 21     Section 69B: Amount of Investments, etc., Not Fully Disclosed in Books of Account
Chapter 22     Section 69C: Unexplained Expenditure, etc.
Chapter 23     Section 69D: Amount Borrowed or Repaid on Hundi
Chapter 24     Section 115BBE
Chapter 25     Provisions of Search under Income Tax Act
Chapter 26     Admission and Retraction of Statement under Search
Chapter 27     Section 153A: Assessment in Case of Search and Requisition/Section
                            153C: Assessment of Income of any other person
Chapter 28     Section 153B: Time Limit for Completion of Assessment under section 153A
Chapter 29     Section 153D: Prior Approval Necessary for Assessment in Cases of Search or Requisition
Chapter 30     Case Laws on Section 153A
Chapter 31     Section 147/148: Income Escaping Assessment an Effective Tool to Curb Black Money
Chapter 32     New Procedure of Income Tax Assessments
Chapter 33     Section 271AAB: Penalty Where Search has been Initiated
Chapter 34     Section 271D
Chapter 35     Section 271E: Penalty Provisions for Failure to Comply with the Provisions of Section 269T
Chapter 36     Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015
Chapter 37     Direct Tax Vivad Se Vishwas Act, 2020
Chapter 38     “Charitable Objects” under Income Tax Act
Chapter 39     Terms used in Case laws and their meanings
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Author Details
Amit Kumar Gupta, B.Com. (Hons), F.C.A., LL.M. (Advocate)
Davinder Singh, M.Com., F.C.A., IP (IBBI)