Study Circle Meetings

Telescoping of income & Peak Credit (Section 68 & 69)

March 2026 | Bar Room, Income Tax Office, Rishi Nagar, Ludhiana

Meeting Summary

Dear Esteemed Members,

We are glad to share that session on “Telescoping of income & Peak Credit” by CA Gulshan Wadhwa Ji was highly insightful and enriching.

We would like to make a special mention that CA Gulshan Wadhwa Ji has put in tremendous effort in preparing detailed notes and has explained complex concepts in a very simple and practical manner.

Members will surely derive great benefit from his hard work and clarity of presentation.

We also appreciate the sincere efforts of the Study Circle Committee led by CA Mohit Gupta Ji for organizing this meaningful session.

We encourage all members to actively participate in such knowledge sessions and make the most of these learning opportunities.

NOTES 1

NOTES 2

Warm Regards

Team DTBA, Ludhiana

Webinar on the Prohibition of Benami Property Transactions Act, 1988.

December 2025 | Online Meeting

Meeting Summary

DTBA Webinar – Successfully Conducted for Tax Professionals

In view of the Government’s intensified actions on Benami Property Transactions driven by a robust data-based enforcement framework, the District Tax Bar Association (DTBA) successfully conducted an insightful webinar on the Prohibition of Benami Property Transactions Act, 1988.

📅 Date: Friday, 19th December 2025
⏰ Time: 4:00 PM to 6:00 PM

🎙️ Guest Speaker:
Mr. S. Vasudevan (B.Com., CA, ICWA, LL.B.)

📌 About the Speaker:
Mr. S. Vasudevan, with vast experience appearing before various High Courts and Tribunals, shared his in-depth expertise on matters relating to the Prevention of Money Laundering Act (PMLA), FEMA, Black Money Act, and the Benami Transactions Act.

🔍 Key Highlights of the Webinar:
✔️ Comprehensive understanding of the Benami Act, 1988
✔️ Powers of the Government and enforcement authorities
✔️ Departments involved, functionaries, and their respective roles
✔️ Legal defences available to the accused
✔️ Role of tax professionals in advisory and litigation
✔️ Discussion on important judicial precedents and case laws

⚖️ With enforcement under the Benami Act becoming increasingly stringent, the webinar proved to be highly informative and relevant, equipping tax professionals with practical insights to safeguard clients and strengthen professional practice.

🎯 An engaging and knowledge-driven session that added significant value to all participants.