Vivek Jalan

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Section 153A: No Addition in Completed Assessments Without Incriminating Material, Reiterates ITAT

By: Vivek Jalan

Overview The provisions of Section 153A of the Income Tax Act empower the Assessing Officer (AO) to issue notices and reassess income for

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Practicing CAs, CSs & CMAs Under PMLA Scanner: Key Compliance Implications Explained

By: Vivek Jalan

Overview The Ministry of Finance's Notification No. S.O. 2036(E) dated 3 May 2023 significantly expands the scope of the Prevention of Money

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No Capital Gains on Agricultural Land Under Section 2(14): Key Legal Position Explained

By: Vivek Jalan

Overview Section 2(14)(iii) of the Income-tax Act, 1961 (corresponding to Section 2(22) of the Income-tax Act, 2025) excludes specified

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Section 92C(2): 5% Tolerance Benefit Available Even with a Single Comparable, Rules ITAT

By: Vivek Jalan

Overview In a significant transfer pricing ruling, the Kolkata ITAT in Philips India Limited v.

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Supreme Court on Section 153C: Substance Over Technicalities in Income Tax Proceedings

By: Vivek Jalan

Overview The Supreme Court's ruling in Income Tax Officer vs. Vikram Sujitkumar Bhatia reinforces a key principle of tax law—that the Income

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AO Cannot Make Ad-Hoc Disallowances Without Evidence: Key Income Tax Ruling Explained

By: Vivek Jalan

Overview Recent Income Tax Appellate Tribunal (ITAT) rulings have reinforced a balanced principle in tax assessments: while Assessing

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GST & Mining: Crackdown and Taxability

By: Vivek Jalan

| Illegal mining has long posed challenges for both resource governance and fiscal compliance.

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TRAN Appeals Before GSTAT: Jurisdictional Boundaries on Legacy Credits

By: Vivek Jalan

The transition from the erstwhile indirect tax regime (VAT, Service Tax, Central Excise) to GST was accompanied by complex disputes over the treatment of transitional credits.

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Interest Refunds under GST: No Unjust Enrichment Certification Required

By: Vivek Jalan

Refund claims under GST often involve both principal tax amounts and interest payable on delayed refunds.

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Pre Deposit in Penalty Only Orders: High Court & GSTATs Clarify Applicability

By: Vivek Jalan

Overview The Finance Act, 2025 amended Section 107(6) of the CGST Act to extend the 10% pre-deposit requirement to appeals against penalty-only orders from 1 October 2025.