All posts by nangia
What can the CBDT do for CFOs to ease CbC reporting
Incentivising ‘quality orders’ of CIT(A): Is it fair? – Sanjoli Maheshwari
The ‘Quality Orders’ as defined by the CBDT in its Central Action Plan would include cases where enhancement has been made by the CIT(A) or where the order under appeal has been strengthened by the CIT(A) or penalty under section 271(1) has been levied. For passing such ‘Quality orders’, the CIT (A) shall be given additional credit of two units for each quality order.
Here is Sanjoli Maheshwarri, Director- Direct Taxation with inputs from Om Rajpurohit, Senior Associate contributed an article on Incentivising ‘quality orders’ of CIT(A): Is it fair? discussing the CBDT’s move for incentivising the quality orders and their impact on taxpayer’s for Financial Express.
Tightening the screws on tax exemption – Rahul Jain
Maintaining that a tax exemption notification should be interpreted strictly, the Supreme Court recently ruled that it was for the assessee to show that his case fell within the parameters of the exemption clause or exemption notification and he can’t claim the benefit of ambiguity in such notification. The benefit of doubt will go to the tax authorities.
Rahul Jain, Partner with inputs from Mansi Chopra, Manager contributed an article on Tightening the screws on tax exemption for Hindu Business Line
