CBDT Instruction on Search Assessments: Critical Issues & Way Forward!
- Year of Publication: 2023
- ISBN: 0
Episode Duration:
90 minutes
Episode Background:
Last week, CBDT issued Instruction No. 1 of 2023 pursuant to SC ruling in Abhisar Buildwell which provides a fresh lease of life to search related assessments. It is reminiscent of the CBDT Instruction No. 1 of 2022 which was issued in the aftermath of SC ruling in Ashish Agarwal whereby the taxpayers are still grappling with the litigation.
What shall the episode cover?
Taxsutra presents a episode on “CBDT Instruction on Search Assessments: Critical Issues & Way Forward”. In this episode, Mr. Mayank Mohanka (Partner, S M Mohanka & Associates & Founder Director, TaxAaram India Pvt Ltd) covered the following:
Key Highlights -
- A Threadbare Analysis of the CBDT Instruction No. 1 of 2023;
- The real purport of the Supreme Court judgements in Abhisar Buildwell & UK (International paints;
- Why CBDT Instruction may open up a pandora box of litigation again?
- Does CBDT Instruction lack in Merit?
- Difference between the Abhisar Buildwell Judgement & Ashish Aggarwal Judgement
- Way Forward: How to effectively defend proposed Reassessment Notices u/s 148 after this CBDT Instruction?
Taxsutra is considered the most credible source of tax news in the tax fraternity. What started as a fledgling start-up has now become a leading brand in the tax world not only in India, but across the globe. Taxsutra's diverse customer set includes Fortune 500 Companies, large Indian Business Groups, Global Conglomerates, Tax Judges, IRS Officers, CBDT, Tax Lawyers & thousands of tax practitioners.
Taxsutra suite of portals :
1. Real time tax news & analysis for Corporate Tax (www.taxsutra.com/dt)
2. Transfer Pricing Portal (www.taxsutra.com/tp)
3. GST and Central Indirect Taxes Portals (www.taxsutra.com/gst - www.idt.taxsutra.com)
4. "Taxsutra Database" - Powerful Online Direct Tax Reference and Search Tool (www.database.taxsutra.com)
5. LawStreetIndia (LSI) (www.lawstreetindia.com) contains sub-modules on Company law, Securities law (SEBI/SAT), FEMA, IP laws & Competition Law
6. Taxsutra Accounting Standards portal (Ind-AS) (www.greentick.taxsutra.com)
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- Year of Publication: 2023
- ISBN: 0
Episode Duration:
90 minutes
Episode Background:
Last week, CBDT issued Instruction No. 1 of 2023 pursuant to SC ruling in Abhisar Buildwell which provides a fresh lease of life to search related assessments. It is reminiscent of the CBDT Instruction No. 1 of 2022 which was issued in the aftermath of SC ruling in Ashish Agarwal whereby the taxpayers are still grappling with the litigation.
What shall the episode cover?
Taxsutra presents a episode on “CBDT Instruction on Search Assessments: Critical Issues & Way Forward”. In this episode, Mr. Mayank Mohanka (Partner, S M Mohanka & Associates & Founder Director, TaxAaram India Pvt Ltd) covered the following:
Key Highlights -
- A Threadbare Analysis of the CBDT Instruction No. 1 of 2023;
- The real purport of the Supreme Court judgements in Abhisar Buildwell & UK (International paints;
- Why CBDT Instruction may open up a pandora box of litigation again?
- Does CBDT Instruction lack in Merit?
- Difference between the Abhisar Buildwell Judgement & Ashish Aggarwal Judgement
- Way Forward: How to effectively defend proposed Reassessment Notices u/s 148 after this CBDT Instruction?
Taxsutra is considered the most credible source of tax news in the tax fraternity. What started as a fledgling start-up has now become a leading brand in the tax world not only in India, but across the globe. Taxsutra's diverse customer set includes Fortune 500 Companies, large Indian Business Groups, Global Conglomerates, Tax Judges, IRS Officers, CBDT, Tax Lawyers & thousands of tax practitioners.
Taxsutra suite of portals :
1. Real time tax news & analysis for Corporate Tax (www.taxsutra.com/dt)
2. Transfer Pricing Portal (www.taxsutra.com/tp)
3. GST and Central Indirect Taxes Portals (www.taxsutra.com/gst - www.idt.taxsutra.com)
4. "Taxsutra Database" - Powerful Online Direct Tax Reference and Search Tool (www.database.taxsutra.com)
5. LawStreetIndia (LSI) (www.lawstreetindia.com) contains sub-modules on Company law, Securities law (SEBI/SAT), FEMA, IP laws & Competition Law
6. Taxsutra Accounting Standards portal (Ind-AS) (www.greentick.taxsutra.com)
