Home Highlights November 2014 Year 2014 This

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1. Central Government makes the directions giving effect to the E-assessment Scheme, 2019

2. Amendment of section 197. - Scope extended - where, in the case of any income of any person or sum payable to any person, the income-tax is required to be deducted at...

3. Reopening of assessment u/s 147 - Earlier, ITAT remanded the matter back requesting the AO to provide reasons for initiating reassessment proceedings. - AO must have...

4. Substitution of new section for section 153- Time limit for completion of assessment, reassessment and recomputation. - where an assessment is made on a partner of the...

5. Effect of the amendment - Retrospective or prospective - It may be clarified that the expression “proceed to determine” is found in the amendment made to the KVAT Act...

6. Validity of Retrospective cancellation of GST registration of the petitioner - It is important to note that, according to the respondent, one of the consequences for...

7. Benefit of set off of brought forward business loss - application u/s. 154 in subsequent year - where as a consequence to the order of Appellate Authority, the assessee...

8. Audit Objections – relevance in making re-assessments - The function of the audit is essentially executive in nature, while the function of the assessing officer and his...

9. Seeks to give effect to the first tranche of India UAE CEPA - Notification

10. Latest GST Notifications (CGST Rate and IGST Rate) to give effect to gst council decisions

11. The High Court quashed the impugned reassessment notices issued u/s 148, holding that the reassessment action was barred by limitation u/s 149(1) read with the First...

12. Scope of the term "May" - Use of the word ‘may’ over the years is normally construed as permissive and not imperative. The words ‘may’ or ‘shall’ by their very...

13. The High Court examined the validity of reassessment notices issued u/s 148 of the Income Tax Act, considering the sanction requirement u/s 151 and the impact of the...

14. Condonation of delay - delay of 41 months in filing appeal before the CIT(A) - according to the assessee, it could not realize the effect and consequence of the order...

15. Request to postpone the recovery of service tax - pandemic COVID situation - in this pandemic situation there may be difficulties to participate in the adjudication...