TMI Short Notes

TMI Short Notes on various issues

1. Navigating the Faceless Assessment Regime: A Judicial Perspective

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2. Evidentiary Value of Statements Recorded During Income Tax Surveys: A Judicial Analysis

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3. Faceless Assessment: Ensuring Compliance with Statutory Provisions

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4. Faceless Assessment Mechanism: Jurisdictional Limits in Income Tax Proceedings

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5. Reassessment Notices for AY 2013-14: Upholding the Doctrine of Limitation

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6. Decoding the Mandatory Timelines: A Thorough Examination of the Income Tax Assessment Order Nullification

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7. Stay of Tax Demand: Interpreting the Discretionary Power u/s 220(6) of the Income Tax Act

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8. Interpreting "Technical Services" under Tax Treaties: A Comprehensive Analysis

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9. Navigating the Registration Process u/s 80G: Insights from the ITAT Ruling

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10. Ensuring Fair Proceedings: The Importance of Proper Notice Service in Income Tax Matters

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11. Unraveling the Royalty Conundrum and DTAA: ITAT's Stance on Marketing and Reservation Fees

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12. Royalty or Not? Decoding the Taxability of Marketing and Reservation Contributions under India-USA DTAA

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13. Unraveling the Intricacies: Assessing a Political Party's Claim for Income Tax Exemption

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14. Bogus Capital Gains and Accommodation Entries: Unraveling the Penny Stock Scam and Tax Evasion

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15. Strict Interpretation of Exemption Provisions: Supreme Court's Ruling on Section 10B(8) of the Income Tax Act

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16. Disallowance u/s 14A: Prospective or Retrospective Effect of the Amendment?

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17. Navigating the Complexities of "Charitable Purpose" in Income Tax Exemptions

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18. Cooperative Banks vs. Primary Agricultural Credit Societies: Implications for Section 80P Deduction

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19. Exemption u/s 11: Condonation of Delay in Filing Form 10

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20. Interpreting Section 249(4)(b) of the Income Tax Act: When Non-Payment of Advance Tax Cannot Dismiss an Appeal

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21. Retrospective Amendments and the Doctrine of Vested Rights: A Judicial Perspective

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22. Upholding Equality: HC Strikes Down Discriminatory Circular on Charitable Trust Approvals

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23. Judicial Review of Income Tax Settlement Commission (ITSC) Orders: Navigating the Boundaries

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24. Assessee's Lackadaisical Conduct Leads to Dismissal of Income Tax Appeal

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25. Navigating the Faceless Appeal Scheme: Lessons from the Judgement on Delayed Filing and Deduction u/s 36(1)(va)

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26. Unraveling the Maze of Round-Tripping: The Doctrine of "Source of Source" in Share Capital Transactions

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27. Upholding the Transfer of Assessment Proceedings u/s 127: A Judicial Perspective

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28. Share Premium Addition u/s 68: Demystifying Share Premium Transactions

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29. Navigating the Intricacies of Income Tax Penalty u/s 271(1)(c): Fairness in Tax Administration

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30. Reassessment Proceedings: Navigating the Scope and Limitations under Income Tax Act

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31. Navigating the Complexities of Search and Seizure Assessments: Unraveling the Intricacies of Section 68 Additions

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32. Interpreting Section 80G Provisions: ITAT's Stance on Charitable Institution Registration

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33. Interpreting the Scope and Limits of Sections 153A and 153C: A Judicial Perspective

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34. Section 153C and the Necessity of AO's Satisfaction: A Detailed Judicial Analysis

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35. Royalty or Business Income? High Court Clarifies Taxation of Remittances against Software Purchase

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36. Reassessment Proceedings: Navigating the Complexities

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37. Faceless Assessment of Income Escaping Assessment: Validity of Notice Issued by the Jurisdictional Assessing Officer

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38. Court Upholds Deduction for Operational Hotel under Section 35AD Despite Administrative Delays

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39. Landmark Ruling: Leasing Businesses Entitled to Depreciation Benefits

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40. Court Decision on Convertible Debentures Expenses : Revenue or Capital Expenditure?

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41. Judgement on Feasibility Study Costs on Project Development: Revenue or Capital Expenditure?

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42. Navigating Section 43B: Supreme Court Decision on Unutilised MODVAT Credit and Sales Tax Recoverable

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43. Failure to deduct TDS and Disallowance of expenses: Supreme Court Clarifies Retrospective Application of Section 40(a)(ia) Amendments

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44. Deduction of Bad Debts: Supreme Court's Ruling on Section 36 Compliance and alternative claim u/s 37

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45. Principal-Agent Relationship in Telecom Sector and TDS u/s 194H: A Supreme Court Verdict

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46. Procedural Compliance vs. Substantive Justice: Balancing Procedural Rigidity and Transitional Hardships in Section 80G Approvals

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47. Navigating the Bounds of Tax Law: Supreme Court's Verdict on Section 153-C Assessments

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48. The Delhi High Court's Guiding Light on Post-Search Tax Assessments: Application of Section 153C, powers of tax authorities and the rights of assessees.

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49. Navigating Legal and Procedural Hurdles: A Charitable Institution's Quest for Tax Exemption and Registration u/s 12A and 80G

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50. Supreme Court Clarifies Jurisdictional Objections in Tax Assessments: A Landmark Order

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