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Monday, November 16, 2020

[ACCA_Profs] Vivad Se Vishwas Act: Download Compilation Of Practical Issues + Atmanirbhar Bharat Package 3.0 Explained

 

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Dear Subscriber,

The following important updates are available at itatonline.org:

The Direct Tax Vivad Se Vishwas Act, 2020: Compilation Of Practical Issues

itatonline.org had requested a panel of experts to answer queries arising on Vivad Se Viswas Scheme to assist the tax consultants and tax payers. The forum received more than 300 queries which have been answered by the panel of experts consisting of Dr. K. Shivaram, Senior Advocate, CA. Rajan Vora and CA Pradeep Kapasi. For the benefit of the Tax professionals and taxpayers, the important queries and answers in a tabular form are available for download in pdf format.

Atmanirbhar Bharat Package 3.0: Demand Booster For Residential Real Estate – Income Tax Relief For Developers & Home Buyers

Advocate Shashi Bekal has explained the salient features of the amendments proposed by the Atmanirbhar Bharat Package 3.0 to the Income-tax Act, 1961 to provide relief to Real Estate Developers and home buyers. He has also considered whether the restrictive nature of the proposed incentive makes it ultra vires the Constitution

Atmanirbhar 3.0 – Measures To Boost Employment And Revival Of Economy – Diwali Gift By Finance Minster

CA Sujay Ajgaonkar has systematically set out the details of the stimulus package (Atmanirbhar 3.0) unveiled by the Finance Minister a few days ago. He has detailed how these stimulus measures will boost Employment and revive the Economy

State of the Art Infrastructure: Inauguration of Office-cum-residential complex of ITAT at Cuttack

Honourable Prime Minister of India, Shri Narendra Modi paid rich Tribute to Income tax Appellate Tribunal for rendering "Nispaksh Sulabh Satvar Nyay" to the stakeholders. He stated that the motto and vision of the Government is "Reform, Perform and Transform" – Tax system in India. Vision of virtual hearing of ITAT being a new normal, this will save the taxpayers money, time and energy. Litigations will also be effective and efficient. Law & Order is the energy that will drive to achieve an Atma Nirbhar Bharat


Regards,

 

Editor,

 

itatonline.org

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Latest:

CIT vs. Sadiq Sheikh (Bombay High Court) (Goa Bench)

S. 68 Bogus Cash Credits: The Revenue can examine the source of the source. Merely pointing out to a source and the source admitting that it has made the payments is not sufficient to discharge the burden placed on the assessees by s. 68. Otherwise, it would be sufficient for assessees to simply persuade some credit-less person to own up having made such huge payments and thereby evade payment of tax on the specious plea that the Revenue can always recover the tax from such credit-less source. The explanation has to be plausible and backed by reliable evidence. 'Fantastic or unacceptable' explanations are not acceptable (All imp verdicts on s. 68 referred)

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