Legal and tax analysis from The AS Lex
ITAT Delhi deleted a Rs. 21.53 crore FTS addition, holding that genuine cost-to-cost salary reimbursements for seconded employees depend on real employer facts.
Read ArticleThe Revenue's SLP failed on a 384-day delay and on merits, leaving intact key findings on AMP expenditure, Section 14A, and seized-material additions.
Read ArticleA landmark ruling draws a bright constitutional line — estimation-based TP adjustments cannot, in law, be equated with concealment or misrepresentation. The penalty regime has limits.
Read ArticleA recent ITAT Delhi order doesn't just decide a case — it draws bright lines around four recurring transfer pricing and income tax controversies that affect every MNE operating in India.
Read ArticleThe "it was my grandfather's house" defence is gone. A practitioner's analysis of Arun Suri v. Directorate of Enforcement and what it means for PMLA defence strategy.
Read ArticleA practitioner's guide to the new reassessment regime — and where the battles are being fought today. Few provisions have produced as much litigation and confusion as Sections 147-151.
Read ArticleA practitioner's guide to India's biggest tax law overhaul in six decades — beyond the headlines. The Bill proposes to repeal and replace the Income Tax Act, 1961.
Read ArticleITAT Mumbai rules that cash redeposits from earlier bank withdrawals cannot be treated as unexplained money u/s 69A. Full analysis of Nitinkumar Kacharia v. DCIT with key takeaways.
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