Bhuta Shah & Co LLP - Chartered Accountant - Direct Taxation

Description:

• Income Tax, TDS, and TCS returns for high-net-worth individuals, firms, trusts, companies, and senior government officials, ensuring accuracy and statutory compliance.
• Independently conducted 50+ tax audits and prepared Tax Audit Reports (Forms 3CA, 3CB, and 3CD) in accordance with the Income-tax Act, 1961.
• Handled 50+ appellate matters before the Commissioner of Income Tax (Appeals) [CIT(A)] and the Income Tax Appellate Tribunal (ITAT), involving cumulative tax demands exceeding 250 crores.
• Led scrutiny assessments and reassessment proceedings in high-value cases exceeding 50 crores, resulting in substantial reduction of proposed tax additions.
• Drafted comprehensive submissions for appeals before CIT(A) and ITAT, prepared judicial and factual paper books, and assisted senior professionals during appellate hearings before ITAT.
• Analyzed Assessment Orders, orders passed under Sections 250 and 263, and conducted detailed legal research on relevant ITAT, High Court, and Supreme Court judgments to support litigation strategy.
• Independently handled 10+ rectification applications under Section 154 of the Income-tax Act.
• Successfully managed an ITAT appeal for a trust, resulting in the deletion of a tax demand of 25.18 crores.
• Represented clients in ITAT proceedings leading to the deletion of a 6.75 crores interest disallowance, through in-depth legal research, coordination with the clients Chief Financial Officer, and preparation of evidence-backed submissions.
• Independently handled an ITAT appeal where a 24.51 lakhs Provident Fund/Employees State Insurance disallowance was remanded for fresh examination.
• Assisted advocates in drafting writ petitions seeking quashing of reassessment orders passed under Section 148
• Monitored legislative amendments and emerging tax regulations, providing actionable recommendations that enhanced client compliance and mitigated tax risk.