In this edition, we have come up with an article on analysis of doctrine of promissory estoppel vis-à-vis indirect tax enactments. We have taken the recent Supreme Court judgments, including the one, where the bench is divided in its opinion as to whether the doctrine of legitimate expectations should be given to the assessee, who has invested huge amounts on the promises made by the Government, especially, when there is no superior public interest shown.
The next one is on the interplay between the DTAA and Income Tax Act. We have touched upon various instances, where the DTAA and ITA clash and how do they operate in such scenarios. In the upcoming editions, we shall touch upon other facets of the same subject.
We have also collated certain important judgments under direct tax and indirect tax laws, provided our comments wherever necessary. There are so many other important judgments which were delivered in May 2023 and we shall come up with our summaries in the next editions.
Key Topics:
GST
- DOCTRINE OF PROMISSORY ESTOPPEL VIS‐A‐VIS IDT
DIRECT TAX
- INTERPLAY BETWEEN THE INCOME TAX ACT AND DTAA ‐PART I
SUMMARY OF JUDGEMENTS
- SUMMARY OF GST DECISIONS
- SUMMARY OF IT DECISIONS
