TMI Short Notes

TMI Short Notes on various issues

901. Rationalization of the provisions of the Prohibition of Benami Property Transactions Act, 1988 (the PBPT Act)

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902. Provisions related to business reorganisation

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903. Assistance to authorised officer during search and seizure

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904. Rationalisation of Appeals to the Appellate Tribunal

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905. Reducing the time provided for furnishing TP report

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906. Introduction of the authority of Joint Commissioner (Appeals)

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907. Extension of time for disposing pending rectification applications by Interim Board for Settlement

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908. Defining the cost of acquisition in case of certain assets for computing capital gains

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909. Prevention of double deduction claimed on interest on borrowed capital for acquiring, renewing or reconstructing a property

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910. Alignment of provisions of section 45(5A) with the TDS provisions of section 194-IC

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911. Rationalisation of exempt income under life insurance policies

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912. Preventing permanent deferral of taxes through undervaluation of inventory

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913. Special provision for taxation of capital gains in case of Market Linked Debentures

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914. Limiting the roll over benefit claimed under section 54 and section 54F

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915. Increasing rate of TCS of certain remittances
     1 Comment

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916. TDS and taxability on net winnings from online games

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917. Preventing misuse of presumptive schemes under section 44BB and section 44BBB

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918. Removal of exemption from TDS on payment of interest on listed debentures to a resident

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919. Tax avoidance through distribution by business trusts to its unit holders

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920. Removal of exemption of news agency under clause (22B) of section 10

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921. Extending deeming provision under section 9 to gift to not-ordinarily resident

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922. Extending the scope for deduction of tax at source to lower or nil rate

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923. Increasing threshold limits for presumptive taxation schemes

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924. Ease in claiming deduction on amortization of preliminary expenditure

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925. 15% concessional tax to promote new manufacturing co-operative society

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926. Facilitating certain strategic disinvestment

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927. Exemption to development authorities etc.

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928. Tax Incentives to International Financial Services Centre

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929. Conversion of Gold to Electronic Gold Receipt and vice versa

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930. Extension of date of incorporation for eligible start-up for exemption

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931. Relief to start-ups in carrying forward and setting off of losses

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932. Penalty for cash loan/ transactions against primary co-operatives

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933. Increasing threshold limit for co-operatives to withdraw cash without TDS

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934. Relief to sugar co-operatives from past demand

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935. Agnipath Scheme, 2022

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936. Promoting timely payments to Micro and Small Enterprises

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937. Power of NCLT/NCLAT vis-à-vis writ jurisdiction of the high court.

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938. Corporate Debtor includes a corporate guarantor even if Principal Borrower being an individual/sole proprietorship.

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939. Interpretation of term "basic excise duty".

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940. 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.

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941. Limitation Act and the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code (IBC),2016.

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942. An insight into Advance Ruling and the functioning of the Authority for Advance Ruling (AAR).

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943. Show cause notice issued by Additional Director General-Directorate of Revenue Intelligence is not a proper officer within the meaning of Customs Act, 1962

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944. Writ Petition cannot be a tool to escape the statutory remedies available under the law-Supreme Court of India.

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945. Reassessment conducted after 4 years by Income Tax Authorities.

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946. Principles of Natural Justice upheld by the Court/s.

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947. Liberal interpretation of limitation law by the supreme court in covid-19 phase.

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948. Examining the legality of confiscation of an Imported car.

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949. Show cause notice non est in the eyes of law for want of jurisdiction of the authority issuing it.

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950. Seeking grant of Bail - wrongful availment of Input Tax Credit and fake invoices.

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