AIFTP JOURNAL – June 2023

Cover Photo
From the Editor	Ajay Singh
President’s Communique	Pankaj Ghiya
DIRECT TAXES Understanding Presumptive Taxation with Amendments and Issues Deduction u/s 80 P of the Income Tax Act and Related issues Law of Reassessment – An examination of recent judgments of various High Courts (Part II)	CA Vinod Jain CA Shilpa Mangaonkar Arjun Gupta, Advocate
INTERNATIONAL TAXATION Recent amendments to TCS on remittances under LRS and its implications	CA Paresh P. Shah
WITH DUE RESPECT – NO CONTEMPT SAP Labs India Pvt. Ltd. v. ITO (SC) [Determination of Arm’s length Price & Substantial Question of Law]	CA P.V.S.S. Prasad
SPECIAL LEAVE PETITION (SLP) On Direct Taxes	Neelam Jadhav, Advocate
ALLIED LAWS A Brief overview of the Reporting Obligations cast upon Professionals under the Prevention of Money Laundering Act Interplay between IBC and Tax Laws The Journey of Rs.2,000/- Banknote: Past, Present and Future	Aditya Ajgaonkar, Advocate V. N. Dubey & Amit Dubey, Advocates CA Rohit Rajeev Shah
ESTATE PLANNING Wills (Part 1): Basics of a Will	Shashi Bekal, Advocate
CONSTITUTION Administration of Tax Laws : Nexus Theory	Dr. M. V. K. Moorthy
ACCOUNTING & AUDIT Auditor – The Watchdog being watched on	Rahul Sarda, Advocate
NUT CRACKERS Question & Answer Question & Answer Question & Answer	Ganesh Purohit, Sr. Advocate Prem Lata Bansal, Sr. Advocate CA H. N. Motiwalla