Direct Tax Amicus

Direct Tax Amicus covers major changes in income tax laws. This newsletter contains an article on issue of topical interest or developing jurisprudence, notifications and circulars issued during the period and important decisions and judgments (under Ratio Decidendi) covering various facets of income tax law and procedures. It usually covers recent developments pertaining to classification of expenditure, application of transfer pricing (TP) provisions, issues around DTAAs, computation of income, exemptions, etc.

2026 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014

Direct Tax All Industries+2
Direct Tax Amicus: December 2021
The amendment by Finance Act, 2021 seeks to tax notional interest on Employee’s contribution to specified provident fund, exceeding the threshold limit made on or after 1 April 2021. Recently, the Income Tax Rules have been amended to lay down the manner of computation of taxability of interest.
Read More 01 Dec 2021
Direct Tax All Industries+2
Direct Tax Amicus: September 2021
The article in this issue of Direct Tax Amicus elaborately discusses the recently introduced definition of ‘liable to tax’ in the Income-tax Act, 1961. Tracing the history of the dispute relating to the phrase in determination of residency under Double Taxation Avoidance Agreements (DTAA),
Read More 11 Nov 2021
Direct Tax All Industries+2
Direct Tax Amicus: November 2021
The article in this issue of Direct Tax Amicus attempts to analyze the aspect of determining the year of taxability of capital gains arising out of the transfer of immovable property under Joint Development Agreements (‘JDAs’). It analyses the provisions of the Income Tax Act, 1961 and the jurisprudence laid down by various Courts and ITAT in case of registered JDAs.
Read More 01 Nov 2021
Direct Tax All Industries+2
Direct Tax Amicus: August 2021
The article in this issue of Direct Tax Amicus elaborately discusses the recently introduced definition of ‘liable to tax’ in the Income-tax Act, 1961. Tracing the history of the dispute relating to the phrase in determination of residency under Double Taxation Avoidance Agreements (DTAA),
Read More 19 Oct 2021
Direct Tax All Industries+2
Direct Tax Amicus: October 2021
The article in this issue of Direct Tax Amicus analyses the various income-tax implications of the amendments in Section 135 of the Companies Act, 2013 and the Companies (CSR Policy) Rules, 2014 with effect from 22 January 2021, and related aspects, on the companies and charitable trusts/societies being implementing agencies.
Read More 01 Oct 2021
Direct Tax All Industries+2
Direct Tax Amicus: July 2021
The transfer of immovable property by land owners under the mechanism of Joint Development Agreement (‘JDA’) has evolved over the years. The article in this issue of Direct Tax Amicus analyses the provisions of Section 45(5A) of the Income-tax Act, 1961 in a scenario where the JDA is unregistered.
Read More 10 Sept 2021
Direct Tax All Industries+2
Direct Tax Amicus: June 2021
The article in this issue of Direct Tax Amicus attempts to discuss the dispute as to whether income-tax includes in its ambit the surcharge and cess also.
Read More 10 Aug 2021
Direct Tax All Industries+2
Direct Tax Amicus: May 2021
The article in this issue of Direct Tax Amicus discusses how the legislature has vide Finance Act, 2021 gone far beyond the expectations of the taxpayers by redesigning the entire scheme of taxation in cases of reconstitution and dissolution of partnerships.
Read More 05 Jul 2021
Direct Tax All Industries+2
Direct Tax Amicus: April 2021
Recently, the Supreme Court in DCIT v. Pepsi Foods Ltd. examined the power of the Income Tax Appellate Tribunal (‘ITAT’) to grant stay, as well as certain amendments which provided for automatic vacation of stay granted by the ITAT. The article in this issue of Direct Tax Amicus analyses the legislative history in the matter of grant of stay by the Tribunal with the help of notable judicial precedents.
Read More 10 Jun 2021
Direct Tax All Industries+2
Direct Tax Amicus: March 2021
The article in this issue of Direct Tax Amicus discusses the recently introduced Faceless Penalty Scheme, 2021 which has come into effect from 12 January 2021.
Read More 11 May 2021
Direct Tax All Industries+2
Direct Tax Amicus: February 2021
The article in this issue of Direct Tax Amicus discusses the recently introduced Faceless Penalty Scheme, 2021 which has come into effect from 12 January 2021.
Read More 11 May 2021
Direct Tax All Industries+2
Direct Tax Amicus: January 2021
The article in this issue of Direct Tax Amicus discusses at length the recent decision of the ITAT Delhi in the case of Giesecke & Devrient [India] Pvt Ltd. v. Addl. CIT. The decision provides a major relief to the taxpayers on the rate of tax applicable on dividends paid by an Indian company to its overseas parent.
Read More 22 Mar 2021