Exemption provided under section 96 of the RFCTLARR Act is wider in scope than the tax-exemption provided under the existing provisions of Income-tax Act, 1961
Department cannot attach property of any person, other than ‘taxable person’ merely on pretext of protecting their interest: Delhi HC calls it a draconian step
Cairn v. India – Does Cairn have remedies in light of India’s attempts to remove funds from overseas Indian bank accounts
Sole beneficiary of trust: ₹ 196 crore held by HSBC (P) Bank, Switzerland, in the name of Tharani Family Trust, of which the assessee was a beneficiary, is assessable as the undisclosed income of the assessee
Detailed Analysis of Section 195 of The Income Tax Act along with latest case laws favoring various area
Landmark Judgement: Payment made up to the due date of filing of the return of income u/s 139(4) allowable as deduction u/s 54F.