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Articles by FCS Deepak Pratap Singh

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Some facts related to applicability of DTAA

  FCS Deepak Pratap Singh    04 February 2022 at 10:29

The Income Tax Act,1961 provides for taxation of a certain income earned in India by Mr. X a non-resident. The DTAA, which applies to Mr. X provides for taxation of such income in the country of residence. Is Mr. X liable to pay tax on such income earned by him in India?



Whether court has power to review order, proceedings or actions of IT department

  FCS Deepak Pratap Singh    04 February 2022 at 08:45

Section 293 of the Income Tax Act,1961-provides that no suits in any civil court shall be filed to set aside any order made, proceedings or action taken by the department or any officer of the government or anything done in good faith.



SC: Unless insured is duly informed, exclusionary clauses not applicable

  FCS Deepak Pratap Singh    02 February 2022 at 08:42

Supreme Court of India on Insurance Claim: Unless insured is duly informed, exclusionary clauses not applicable.



Case analysis of FEMA violation by Rajasthan Royals

  FCS Deepak Pratap Singh    28 January 2022 at 09:03

M/s. Jaipur IPL Private Limited (JIPL) an Indian private limited company, incorporated under provisions of the Companies Act, 1956 in March,2008. The JIPL is fully owned by EM Sporting Holdings.



Whether registration of leasehold property on one family member considered as Benami property?

  FCS Deepak Pratap Singh    26 January 2022 at 08:46

SEVERAL MEMBERS OF FAMILY PROVIDING CONSIDERATION TO CONVERT LEASE PROPERTY INTO FREE-OLD BUT REGISTRATION OF PROPERTY HELD ON THE NAME OF ONE PERSON'S NAME-WHETHER CONSIDERED AS BENAMI PROPERTY?



Effect of the expression "Age Admitted" under insurance policy

  FCS Deepak Pratap Singh    25 January 2022 at 09:49

Age is one of the most important facts to be declared by the customer at the time of onboarding, because the rate of premium, the risk attached to his age, his medical conditions, etc., will be determined on the age.



Whether filing of return is an admission that notice is valid?

  FCS Deepak Pratap Singh    25 January 2022 at 08:40

The assessee was a company incorporated in Switzerland. A notice of reassessment was issued to it. The reasons stated were that the assessee had been identified as a foreign company in the non-filers monitoring system category and that during the financial year 2010-11 relevant to the assessment year 2011-12 it had entered into a share transaction.



Agreed bank clause in insurance policies

  FCS Deepak Pratap Singh    24 January 2022 at 08:56

This "Agreed Bank Clause" generally called Special Clause or Special Terms and Conditions under Insurance Policy.



Investment of property outside India by resident and taxation under Black Money Act, 2015

  FCS Deepak Pratap Singh    20 January 2022 at 09:32

Some facts on investment in property outside India and computation of tax under "Black money (undisclosed foreign income and assets) and imposition of tax act, 2015"



Voluntary surrender of income does not mean immunity from penalty

  FCS Deepak Pratap Singh    19 January 2022 at 08:34

Can an assessee who has surrendered his income in response to the specific information sought by the Assessing Officer in the course of survey, be absolved from the penal provisions under section 271(1)(c) for concealment of income?