TMI Short Notes

TMI Short Notes on various issues

351. Widening ambit of section 200A of the Act for processing of statements other than those filed by deductor (TAX ADMINISTRATION)

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352. Extending the scope for lower deduction / collection certificate of tax at source (TAX ADMINISTRATION)

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353. ​​​​​​​Notification of certain persons or class of persons as exempt from TCS (TAX ADMINISTRATION)

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354. Time limit to file correction statement in respect of TDS/ TCS statements (TAX ADMINISTRATION)

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355. Penalty for failure to furnish statements (TAX ADMINISTRATION)

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356. Submission of statement by liaison office of non-resident in India (TAX ADMINISTRATION)

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357. Determination of Arms Length Price in respect of specified domestic transactions in proceedings before Transfer Pricing Officer (TAX ADMINISTRATION)

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358. Discontinuation of the provisions allowing quoting of Aadhaar Enrolment ID in place of Aadhaar number (TAX ADMINISTRATION)

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359. ​​​​​​​Amendments in sections 245Q and 245R related to Advance Rulings (TAX ADMINISTRATION)

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360. Powers of the Commissioner (Appeals) (TAX ADMINISTRATION)

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361. Amendment of section 271FAA to comply with the Automatic Exchange of Information (AEOI) framework (TAX ADMINISTRATION)

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362. Amendment to include the reference of Black Money Act, 2015 for the purposes of obtaining a tax clearance certificate (TAX ADMINISTRATION)

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363. Rationalisation of provisions related to time-limit for completion of assessment, reassessment and recomputation

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364. Amendment of Section 80G (TAX ADMINISTRATION)

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365. Removing reference to National Housing Board in Section 43D of the Act (TAX ADMINISTRATION)

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366. Adjusting liability under Black Money Act, 2015 against seized assets (TAX ADMINISTRATION)

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367. Amendment of Section 24 of the Prohibition of Benami Property Transactions Act, 1988 (Amendments to the Prohibition of Benami Property Transactions Act, 1988)

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368. Insertion of Section 55A in the Prohibition of Benami Property Transactions Act, 1988 (Amendments to the Prohibition of Benami Property Transactions Act, 1988)

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369. AMENDMENTS TO THE CUSTOMS ACT, 1962

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370. AMENDMENTS TO THE CUSTOMS TARIFF ACT, 1975

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371. AMENDMENTS TO THE FIRST SCHEDULE TO THE CUSTOMS TARIFF ACT, 1975

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372. CUSTOMS - OTHER PROPOSALS INVOLVING CHANGES IN BASIC CUSTOMS DUTY RATES IN NOTIFICATIONS

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373. CUSTOMS - OTHER MISCELLANEOUS AMENDMENTS

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374. Amendment of Customs Tariff (Identification, Assessment and Collection of Countervailing Duty on Subsidized Articles and for Determination of Injury) Rules, 1995

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375. Customs - Other notification changes

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376. Review of Customs duty Exemptions - Review of conditional exemption rates of BCD

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377. Customs - Review of exemptions prescribed by other notifications:

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378. CUSTOMS DUTY EXEMPTIONS / CONCESSIONS BEING ALLOWED TO LAPSE

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379. CUSTOMS - SOCIAL WELFARE SURCHARGE (SWS)

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380. CUSTOMS - AGRICULTURE INFRASTRUCTURE AND DEVELOPMENT CESS (AIDC)

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381. Amendment of Central Excise Notification

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382. AMENDMENTS IN THE CGST ACT, 2017

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383. AMENDMENTS IN THE IGST ACT, 2017

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384. AMENDMENTS IN THE UTGST ACT, 2017

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385. AMENDMENTS IN THE GST (Compensation to States) Act, 2017

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

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387. Landmark Ruling: Leasing Businesses Entitled to Depreciation Benefits

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

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

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

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

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

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

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

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395. Maximizing Value in Insolvency: NCLAT Upholds CoC's Right to Negotiate Post-Challenge Mechanism

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396. Supreme Court Clarifies Limitation Period for Appeals before NCLAT under IBC in the Digital Age: E-filing and Limitation Periods

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

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

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

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