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Articles by Vivek Jalan

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ITAT Ahmedabad: No Section 14A Disallowance When Assessee Has Sufficient Own Funds

Posted by Vivek Jalan 04 November 2025 191 Views

ITAT Ahmedabad rules that disallowance under Section 14A read with Rule 8D is not justified when the assessee has sufficient own funds for investments.



Supreme Court on Section 153C: Why One-Year Incriminating Material Cannot Justify Six-Year Reassessments

Posted by Vivek Jalan 25 October 2025 269 Views

Understand the key differences between Sections 153A and 153C of the Income Tax Act, 1961, and how courts have interpreted the scope of incriminating materials in search assessments.



Can Cloud Data Be Treated as 'Books of Account' Under Income Tax Act 2025?

Posted by Vivek Jalan 26 August 2025 532 Views

Explore whether cloud data can be treated as 'books of account' under Income Tax Act 2025, just as loose papers were relied upon under ITA 61.



Sections 153A & 153C of the Income Tax Act: Incriminating Material, Judicial Rulings & Assessment Scope

Posted by Vivek Jalan 19 August 2025 750 Views

Explore key differences between Sections 153A & 153C of the Income Tax Act, definition of incriminating material, and major Supreme Court rulings.



Section 40A(2)(b): Domestic Transfer Pricing in GST Era

Posted by Vivek Jalan 20 January 2025 656 Views

Domestic transfer pricing: Specified Domestic transaction to exclude payments made u/s 40A(2)(b); Inter-unit comparison of net profit in these GST times



Streamlining Tax Laws: Merging Provisions, Enhancing Officer Accountability and Promoting Ease of Compliance

Posted by Vivek Jalan 17 January 2025 278 Views

Today each Section and Rule of The Income Tax Act is flooded with Provisions and explanations. Then there are circulars as well as notifications, some of which are so old that it is even difficult to find them publicly.



Condonation of Delay in Filing Key Tax Forms for NPOs & Corporates

Posted by Vivek Jalan 06 January 2025 246 Views

Condonation of delay in filing Form 9A/10/10B/10BB for NPOs and 10IC and 10ID for Corporates for availing lower rate of tax



55th GST Council Decision: Payment Aggregators Get Exemption, Not Payment Gateways

Posted by Vivek Jalan 06 January 2025 362 Views

Analysis of 55th GST Council's decision to clarify that RBI regulated Payment Aggregators are eligible for the exemption, not payment gateway (PG)



55th GST Council: Major Amendments in CGST Rules Affecting IMS

Posted by Vivek Jalan 04 January 2025 392 Views

Analysis of the 55th GST Council's decision for Amendments in the CGST Act, 2017 and CGST Rules, 2017 in respect of the functionality of the Invoice Management System (IMS)



Analysis of GST Council's Decision on Issues pertaining to Taxability of Vouchers

Posted by Vivek Jalan 02 January 2025 243 Views

In a significant move to address long-standing concerns regarding the taxability of vouchers under GST, the GST Council made certain recommendations




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