TMI Short Notes

TMI Short Notes on various issues

51. The Generality vs. Enumeration Principle: A Key to Interpreting Delegated Rule-Making Power: Validity of Rule 9(3) of the Chartered Accountants' Rules, 2007

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

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

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54. Ensuring Fair Procedure before declaring Fraud in Bank Loan: Providing Relevant Documents and Opportunity to be Heard

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

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

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57. Decoding the Judgement: Navigating the Complexities of ITC Eligibility under the GST Regime

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58. Excess stock found during survey: Navigating the Intricacies of UPGST / CGST Act and Invoking Wrong Provisions

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59. Striking a Balance: Judicial Interpretation of GST Provisions on Record-Keeping and Penalties

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60. Interim Orders and the Limits of Article 142: Safeguarding Natural Justice Balancing Judicial Powers and Litigants' Rights

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61. Upholding Fairness and Transparency in Insolvency Resolution: A Landmark Judgment on the IBC

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62. Supreme Court Clarifies Vicarious Liability of Directors in Cheque Dishonour Cases

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63. Interim Compensation in Cheque Dishonor Cases: Discretion and Due Process, Scope of the word "May"

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64. Unraveling the Principles of Delay Condonation: A Comprehensive Analysis by the Supreme Court

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

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66. Monetary Limits for Filing Appeals: Analyzing the CESTAT Judgment on Binding Nature of CBIC Instructions and Fair Hearing

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

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

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69. Interpreting E-Way Bill Regulations: High Court's Guidance on Proportionality and Taxpayer Intent

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70. PMLA and CrPC: Supreme Court's Interpretation on Summons, Appearance, and Arrest

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

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72. Interpreting the CGST Act: A Landmark Judgment on Record Maintenance, Confiscation, and Penalties
    1 Comment

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73. Excess Stock Findings: Invoking Sections 73 and 74 of UPGST Act, Not Section 130

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74. Judicial Restraint in SARFAESI Cases: Navigating Alternative Remedies and Writ Jurisdiction

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75. Reassessment Proceedings: Navigating the Complexities

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

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77. Rates of income-tax in respect of income liable to tax for the assessment year 2024-25.

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78. Rates for deduction of income-tax at source during the financial year (FY) 2024-25 from certain incomes other than “Salaries”.

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79. Rates for deduction of income-tax at source from “Salaries”, computation of “advance tax” and charging of income-tax in special cases during the FY 2024-25 (Assessment Year 2025-26).

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80. Individual, HUF, association of persons, body of individuals, artificial juridical person. [Rates for deduction of income-tax at source (TDS) from “Salaries”, computation of “advance tax” during the FY 2024-25 (Assessment Year 2025-26)]

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81. Co-operative Societies [Computation of “advance tax” and charging of income-tax in special cases during the FY 2024-25 (Assessment Year 2025-26).]

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82. Firms [Computation of “advance tax” and charging of income-tax in special cases during the FY 2024-25 (Assessment Year 2025-26).]

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83. Local authorities [Computation of “advance tax” and charging of income-tax in special cases during the FY 2024-25 (Assessment Year 2025-26).]

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84. Companies [Computation of “advance tax” and charging of income-tax in special cases during the FY 2024-25 (Assessment Year 2025-26).]

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85. Increase in Standard Deduction and deduction from family pension for taxpayers in tax regime

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86. Increase in amount allowed as deduction to non-government employers and their employees for employer contribution to a Pension Scheme referred in section 80CCD

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87. Tax incentives to International Financial Services Centre (MEASURES TO PROMOTE INVESTMENT AND EMPLOYMENT)

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88. Amendment of Section 56 of the Act (MEASURES TO PROMOTE INVESTMENT AND EMPLOYMENT)

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89. Promotion of domestic cruise ship operations by non-residents (MEASURES TO PROMOTE INVESTMENT AND EMPLOYMENT)

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90. Introduction of block assessment provisions in cases of search under section 132 and requisition under section 132A (SIMPLIFICATION AND RATIONALISATION)

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91. Rationalisation of provisions relating to assessment and reassessment under the Act (SIMPLIFICATION AND RATIONALISATION)

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92. Rationalisation of provisions relating to period of limitation for imposing penalties (SIMPLIFICATION AND RATIONALISATION)

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93. Amendment in provisions relating to set off and withholding of refunds (SIMPLIFICATION AND RATIONALISATION)

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94. Rationalisation of the time-limit for filing appeals to the Income Tax Appellate Tribunal (SIMPLIFICATION AND RATIONALISATION)

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95. Merger of trusts under first regime with second regime ((Rationalisation of the provisions of Charitable Trusts and Institutions))

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96. Condonation of delay in filing application for registration by trusts or institutions (Rationalisation of the provisions of Charitable Trusts and Institutions)

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97. Rationalisation of timelines for funds or institutions to file applications seeking approval under section 80G (Rationalisation of the provisions of Charitable Trusts and Institutions)

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98. Rationalisation of timelines for disposing applications made by trusts or funds or institutions, seeking registration for exemption under section 12AB or approval under section 80G (Rationalisation of the provisions of Charitable Trusts and Institutions)

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99. Merger of trusts under the exemption regime with other trusts (Rationalisation of the provisions of Charitable Trusts and Institutions)

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100. Inclusion of reference of clause (23EA), clause (23ED) and clause (46B) of section 10 in sub-section (7) of section 11 (Rationalisation of the provisions of Charitable Trusts and Institutions)

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