Articles by Adv. Ravish Bhatt, ADIT, CIOT

Guide to Reopening of Assessment Proceedings under IT Act

Posted by Adv. Ravish Bhatt, ADIT, CIOT 06 May 2023 6430 Views

Understand and respond to notices for reopening of assessment proceedings under the IT Act 1961. Get practical guidance on your rights and obligations.

Software Payments: Royalty or Goods? Tax Deductions Explained

Posted by Adv. Ravish Bhatt, ADIT, CIOT 02 October 2022 4148 Views

Is your payment for imported software a royalty requiring tax deduction (s.195)? Learn how the Supreme Court clarifies software purchases vs. royalty payments.

ITAT's MAT Interpretation: Section 115JB Under Scrutiny

Posted by Adv. Ravish Bhatt, ADIT, CIOT 29 September 2022 5144 Views

Explore the ITAT's interpretation of Section 115JB regarding MAT. Understand the debate on its scope and impact on company accounts. Learn more!

20% Tax Deposit for Stay: Is it Mandatory?

Posted by Adv. Ravish Bhatt, ADIT, CIOT 05 September 2022 31097 Views

Discover if a 20% tax deposit is always mandatory for a stay application. Learn about CIT(A) powers and alternative options.

Amount Received Under A Settlement Or Decree May Not Be Taxable Under IT Act 1961

Posted by Adv. Ravish Bhatt, ADIT, CIOT 22 August 2022 39884 Views

In practice, nature of receipt shall be determined by extensive scrutiny of pleadings in suit and / or recitals contained in the settlement agreement and careful drafting will be quintessential.