Chartered Accountants
THE MEDIA ROOM
Welcome to the Sunil Maloo & Co media room, a place for me to showcase all our media coverage and happenings. In addition to a Chartered Accountants practice, We also provide legal commentary, speak at public engagements and events, and contribute advice to critical judicial issues, some of which is accessible in the articles and features below.
The law surrounding validity of assessment in the hands of a non-existent entity has passed through the doors of many Courts and finally settled before the Supreme Court in the case of Maruti Suzuki. The controversy however continues with Revenue trying to distinguish the aforesaid ruling to support the orders passed by the assessing authorities on non-existent entities.
On March 31st, 2020, Government legislated the Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020 which provided for relaxation in various timelines under Taxation Laws, in view of Coronavirus Pandemic. In this regard, Sunil Maloo (Managing Partner, Sunil Maloo & Co., Chartered Accountants), extensively dwells upon the CBDT’s notification issued yesterday.
MERE BALD ASSERTIONS BY AO IN REASONS FOR REOPENING WOULD CONFER VALID JURISDICTION TO AO TO REOPEN?
Each aspect of Section 147 has been a subject matter of careful scrutiny by the court of law. One such main issue is with respect to the validity of the assumption of jurisdiction by the AO to reopen the assessment beyond four years, merely by making a Bald Assertion in the reasons as to the failure of the Assessee to disclose fully and truly all the material facts. The author has made an analysis veracity of such practice with the help of available judicial pronouncements
This Article makes a critical analysis of newly introduced amendment in Section 6(1A) for residency of the stateless Indian Citizens
This is an article published on the ITATOnline.org. This article focuses on the nuances of the newly inserted provisions of Section 270A of the Income Tax Act w.e.f. AY 2017-18. Please read and revert with your feedback
This article was published on the prestigious online platform of ITATOnline.org. This articles highlights the powers of CIT(A) while adjudicating the appellate matters. Happy Reading
This article was published on ITATOnline.org. This highlights the interplay between the provisions of the two statues technically targeting on the same subject matter. An interesting read..