TMI Short Notes

TMI Short Notes on various issues

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

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

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

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

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

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

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

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

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

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

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

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62. Reassessment Proceedings: Navigating the Complexities

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

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

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65. Landmark Ruling: Leasing Businesses Entitled to Depreciation Benefits

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

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

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

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

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

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

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

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

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

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

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77. Invalid Notices and the Importance of Proper Jurisdiction: Lessons from a High-Profile Tax Case

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78. Upholding Precedent: Supreme Court's Stance on Taxation of Cross-Border Software Payments (Royalty)

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79. The Cross-Border Software Purchase Conundrum: Supreme Court's Clarification on TDS for Non-Resident Software Transactions as Royalty

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80. Navigating Tax Exemptions u/s 80P: The Supreme Court's Verdict on Cooperative Societies vs. Banks

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81. Principles of Natural Justice in Tax Litigation: Unraveling the Significance of Cross-Examination Rights in Tax Cases

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82. Deadline Extension for Processing E-Filed Tax Returns: Refund Claims on Income Tax Returns

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83. Modes of filing of ITR: Amendments to Rule 12 of the Income Tax Rules 1962

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84. Navigating Legal Timelines: The Impact of Incomplete ITBA Orders on Appeal Limitations.

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85. Navigating the Thin Line Between Charity and Commerce: Amendment of Trust Deed and Compliance with Section 13(1)(c)

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86. Changing Objectives of Registered Societies: Exemption u/s 11 and survival of the Registration u/s 12A r.w.s 12AA

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87. Judicial Scrutiny of Residential Status and Jurisdictional Shift in Income Tax Cases

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88. Scrutinizing the Genuineness of Gifts in Income Tax Law: Taxability of Gift u/s 68

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89. Interpreting TDS Liability u/s 194-I against Lease Payments: A Legal Analysis of Security Deposit vs. Rent for Tax Purposes

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90. Evaluating Jurisdictional Validity in Taxation: The Significance of Draft Assessment Orders under Section 144C

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91. Breaking Down the Supreme Court's Decision on Double Taxation Avoidance Agreements

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92. Balancing Sovereignty and Law: India's Treaty-Making Powers and Domestic Enforcement

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93. Navigating DTAAs: A Comparative Analysis of India, Netherlands, France, and Switzerland

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94. The OECD Membership Puzzle: Interpreting 'Is' in Double Taxation Agreements

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95. The Dual Life of Treaties: Understanding Their Enforcement in Indian Law

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96. Assessment Proceedings and Validity of Section 143(2) Notices: Jurisdictional Clarity and Monetary Limit

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97. Unexplained Cash Deposits and Section 115BBE: Applicability of Higher Rate of Tax

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98. Section 127 of the Income Tax Act: A Case Study on Jurisdictional Transfer

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99. Interpreting Sections 22, 23, and 24: Taxation of Notional Rental Income from House Property and Vacancy Allowance

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100. Section 153A and Income Tax Assessments Post Search and Seizure Operations: Exploring the Role of Incriminating Material in Legal Adjudication

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