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Articles By: DEVKUMAR KOTHARI |
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ITD PORTAL observations on recent visit on 5th November, 2021.
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By: - DEVKUMAR KOTHARI
Dated:
November 9, 2021
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Land and building – composite price – depreciation on entire cost allowed – though favorable to assessee but decisions seems wrong and need reconsideration. Composite costs should be allocated.
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By: - DEVKUMAR KOTHARI
Dated:
November 8, 2021
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Option u.s.115BAC in case of individuals and HUF – an analysis and discussion of various aspects.
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By: - DEVKUMAR KOTHARI
Dated:
November 2, 2021
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Reassessment in case of cash deposits -unnecessary litigation by ignoring ground realities causing harassment of small assesses and people having dealing with them.
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By: - DEVKUMAR KOTHARI
Dated:
October 30, 2021
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Cash deposits -un-necessary litigation by ignoring ground realities causing harassment of small assesses and people having dealing with them.
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By: - DEVKUMAR KOTHARI
Dated:
October 27, 2021
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Recent judgment of the Supreme Court on S.263 - need a review – this also shows that court officers must be more serious in helping Courts in rendering justice.
1 Comment
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By: - DEVKUMAR KOTHARI
Dated:
October 26, 2021
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FACE LESS ASSESSMENT - WP HC RESTORED TO AO WITH DIRECTION OF ONE DAY PERSONAL HEARING OPPORTUNITY TO BE ALLOWED – WHETHER IT WILL MEET STANDARDS OF PRINCIPAL OF NATURAL JUSTICE.
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By: - DEVKUMAR KOTHARI
Dated:
October 19, 2021
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Amended Schedule III to the Companies Act, 2013- mandatory but very flexible manner of rounding off allowed is not proper. More slabs and uniform rounding off is desirable.
1 Comment
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By: - DEVKUMAR KOTHARI
Dated:
October 16, 2021
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Tribunal should have entertained plea taken for first time before Tribunal about invalid notice u.s. 271 r.w.s 271.1.c
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By: - DEVKUMAR KOTHARI
Dated:
October 2, 2021
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SEBI must be more forward looking and real time facilitator for security market and not an authority to make un-necessary legislations and business difficult. Too much regulations are counterproductive – first part
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By: - DEVKUMAR KOTHARI
Dated:
September 28, 2021
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Amendment in Schedule III to the Companies Act – what should be effective date- there is no harm in becoming more transparent voluntarily and as soon as possible.
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By: - DEVKUMAR KOTHARI
Dated:
September 16, 2021
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WASTAGE OF TIME OF JUDICIARY AND PUBLIC MONEY -WHY A TEAM OF SO MANY COUNSELS JUST TO WITHDRAW APPEAL AND ALSO ON UNNECESSARY LITIGATION BY REVENUE
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By: - DEVKUMAR KOTHARI
Dated:
September 15, 2021
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LTCG EXEMPTION ALLOWED – appeals pending need to be pursued. If VSV declaration has been filed , possibilities can be explored for restoration of appeal if addition was made just on allegation of penny stock, bogus LTCG etc. by department.
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By: - DEVKUMAR KOTHARI
Dated:
September 14, 2021
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First appeal – online form 35 needs suitable changes in format, size, fonts, and permitted characters from key board. In miscellaneous attachment clarification about timely filing and /or condonation of delay petition, stay petition , detailed statement of facts and detailed grounds of appeal can be incorporate.
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By: - DEVKUMAR KOTHARI
Dated:
August 17, 2021
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Reasonable and rational extensions are desired to avoid repeated circulars, avoid uncertainty, confusion and to avoid wastage of time of bureaucrats officers and taxpayers and Compliances before last date need to be incentivised.
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By: - DEVKUMAR KOTHARI
Dated:
August 16, 2021
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Though penalty deleted but full justice not done by honorable Tribunal by ignoring some vital grounds, not awarding costs in case of Varun Finance P. Ltd.
1 Comment
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By: - DEVKUMAR KOTHARI
Dated:
August 9, 2021
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Problems in new portal forcing tax payers to seek adjournment.
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By: - DEVKUMAR KOTHARI
Dated:
August 7, 2021
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Faceless penalty proceedings u.s. 271.1.c In many cases penalty proceedings can be dropped to save valuable time of taxpayers and tax authorities – a circular of CBDT is this regard is desirable.
1 Comment
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By: - DEVKUMAR KOTHARI
Dated:
August 6, 2021
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Faceless penalty proceedings u.s. 271F - harassment due to authority not equipped and not having access to documents already available in portal of department.
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By: - DEVKUMAR KOTHARI
Dated:
August 5, 2021
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OMNIBUS NOTICE IS VAGUE WHEN RELEVANT PORTION IS NOT CONVEYED CLEARLY AND IRRELEVANT PORTION ALSO REMAIN IN NOTICE- THIS RULE APPLY TO ALL PROCEEDINGS INCLUDING NOTICE U.S. 148
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By: - DEVKUMAR KOTHARI
Dated:
August 3, 2021
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