Category: Tax Law

Advance Ruling System in India: A Review

By Shatakshi Sharma, CNLU  Patna Introduction In this era of Globalization, international boundaries are fast disappearing and distances between the various trade centers worldwide are rapidly shrinking. Gone are the days when the competition between sellers and buyers of commodities was confined to the domestic market; now we see that […]

The Need for GAAR

By Saachi Kanjani & Isha Maniar “Editor’s Note: There has been extensive debate about the implementation of General Anti-Avoidance Rules (GAAR) across different jurisdictions. The need for GAAR is felt because it is believed that such provisions will improve the integrity of the taxation system and legitimise the interests of taxpayers as […]

Impact of Finance Act, 2014 – CSR

Sanchit Srivastava, Dr. Ram Manohar Lohiya National Law University Editor’s note: Corporate social responsibility rests on the theory that since a company utilizes the resources offered by nature and society for its benefit it should act as a trustee towards ensuring the welfare of nature and society, and that the […]