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TMI Short Notes

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TMI Short Notes on various issues

 

  1. Reducing the time provided for furnishing TP report
  2. Introduction of the authority of Joint Commissioner (Appeals)
  3. Extension of time for disposing pending rectification applications by Interim Board for Settlement
  4. Defining the cost of acquisition in case of certain assets for computing capital gains
  5. Prevention of double deduction claimed on interest on borrowed capital for acquiring, renewing or reconstructing a property
  6. Alignment of provisions of section 45(5A) with the TDS provisions of section 194-IC
  7. Rationalisation of exempt income under life insurance policies
  8. Preventing permanent deferral of taxes through undervaluation of inventory
  9. Special provision for taxation of capital gains in case of Market Linked Debentures
  10. Limiting the roll over benefit claimed under section 54 and section 54F
  11. Increasing rate of TCS of certain remittances
    1 Comment
  12. TDS and taxability on net winnings from online games
  13. Preventing misuse of presumptive schemes under section 44BB and section 44BBB
  14. Removal of exemption from TDS on payment of interest on listed debentures to a resident
  15. Tax avoidance through distribution by business trusts to its unit holders
  16. Removal of exemption of news agency under clause (22B) of section 10
  17. Extending deeming provision under section 9 to gift to not-ordinarily resident
  18. Extending the scope for deduction of tax at source to lower or nil rate
  19. Increasing threshold limits for presumptive taxation schemes
  20. Ease in claiming deduction on amortization of preliminary expenditure
  21. 15% concessional tax to promote new manufacturing co-operative society
  22. Facilitating certain strategic disinvestment
  23. Exemption to development authorities etc.
  24. Tax Incentives to International Financial Services Centre
  25. Conversion of Gold to Electronic Gold Receipt and vice versa
  26. Extension of date of incorporation for eligible start-up for exemption
  27. Relief to start-ups in carrying forward and setting off of losses
  28. Penalty for cash loan/ transactions against primary co-operatives
  29. Increasing threshold limit for co-operatives to withdraw cash without TDS
  30. Relief to sugar co-operatives from past demand
  31. Agnipath Scheme, 2022
  32. Promoting timely payments to Micro and Small Enterprises
  33. Power of NCLT/NCLAT vis-à-vis writ jurisdiction of the high court.
  34. Corporate Debtor includes a corporate guarantor even if Principal Borrower being an individual/sole proprietorship.
  35. Interpretation of term "basic excise duty".
  36. Amendments to the Code of Civil Procedure, 1908 by the Amendment Act 46 of 1999 and Amendment Act 22 of 2002 upheld by the Supreme Court.
  37. Limitation Act and the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code (IBC),2016.
  38. An insight into Advance Ruling and the functioning of the Authority for Advance Ruling (AAR).
  39. Show cause notice issued by Additional Director General-Directorate of Revenue Intelligence is not a proper officer within the meaning of Customs Act, 1962
  40. Writ Petition cannot be a tool to escape the statutory remedies available under the law-Supreme Court of India.
  41. Reassessment conducted after 4 years by Income Tax Authorities.
  42. Principles of Natural Justice upheld by the Court/s.
  43. Liberal interpretation of limitation law by the supreme court in covid-19 phase.
  44. Examining the legality of confiscation of an Imported car.
  45. Show cause notice non est in the eyes of law for want of jurisdiction of the authority issuing it.
  46. Seeking grant of Bail - wrongful availment of Input Tax Credit and fake invoices.
  47. Oppression and Mismanagement under the Companies Act, 2013.
  48. Money Laundering - proceeds of crime - scheduled offence - alleged money scam - twin conditions of grant of bail-Section 45(1) of the PMLA satisfied or not.
  49. Small Industries Development Bank of India versus M/s. Sibco Investment Pvt. Ltd- Legal Position of NBFC in a civil suit.
  50. Seeking appointment of Arbitrator so as to to constitute an Arbitral Tribunal to adjudicate upon the disputes.

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