TMI Short Notes

TMI Short Notes on various issues

1. Legal Implications of Faceless Schemes in Income Tax : Clause 260 of the Income Tax Bill, 2025 vs. Section 135A of the Income-tax Act, 1961

   ---

2. Continuity and Change in the Powers of Tax Authorities to Make Enquiries : Clause 256 of the Income Tax Bill, 2025 and Comparative Analysis with Section 135 of the Income-tax Act, 1961

   ---

3. Inspection Powers of Tax Authorities over Company Registers : Clause 255 of Income Tax Bill, 2025 and Section 134 of Income-tax Act, 1961

   ---

4. The Transformation of Information-Gathering Powers : Clause 259 of the Income Tax Bill, 2025 Vs. Section 133C of the Income-tax Act, 1961

   ---

5. Statutory Powers to Collect Information in Tax Administration : Clause 254 of the Income Tax Bill, 2025 Vs. Section 133B of the Income Tax Act, 1961

   ---

6. Transformation of Income-tax Survey Provisions in India : Clause 253 of the Income Tax Bill, 2025 Vs. Section 133A of the Income-tax Act, 1961

   ---

7. Powers to Call for Information under the Income Tax Law : Clause 252 of the Income Tax Bill, 2025 Vs. Section 133 of the Income-tax Act, 1961

   ---

8. Balancing Revenue Recovery and Taxpayer Rights : Clause 250 of the Income Tax Bill, 2025 Vs. Section 132B of the Income-tax Act, 1961

   ---

9. Balancing Tax Enforcement and Procedural Fairness in the Search and Seizure : Clause 249 of the Income Tax Bill, 2025 Vs. Explanation to sub-section (1) of section 132A of the Income Tax Act, 1961

   ---

10. Evolution and Implications of Requisition Powers in Indian Income Tax Law : Clause 248 of the Income Tax Bill, 2025, Vs. Section 132A of the Income-tax Act, 1961

    ---

11. Procedural Safeguards and Retention of Seized Materials during search and seizure operations : Clause 251 of the Income Tax Bill, 2025 Vs. Section 132(8), (9), (9A), and (10) of the Income Tax Act, 1961

    ---

12. Non-Disclosure of Reasons in Income Tax Search and Seizure : Clause 249 of the Income Tax Bill, 2025 Vs. explanations to sub-sections (1) and (1A) of section 132 of the Income-tax Act, 1961

    ---

13. Evolution of Tax Enforcement : Clause 247 of Income Tax Bill, 2025 Vs. Section 132, Income-tax Act, 1961

    ---

14. Quasi-Judicial Powers of Income-tax Authorities : Clause 246 of the Income Tax Bill, 2025 Vs. Section 131 of the Income-tax Act, 1961

    ---

15. Transformation of Tax Jurisdiction : Clause 245 of the Income Tax Bill, 2025, and Section 130 of the Income-tax Act, 1961

    ---

16. Legal Safeguards and Procedural Continuity under Indian Income Tax Law : Clause 244 of Income Tax Bill, 2025 Vs. Section 129 of Income Tax Act, 1961

    ---

17. Modernizing the Statutory Framework for Jurisdictional Transfers and Natural Justice : Clause 243 of Income Tax Bill, 2025 Vs. Section 127 of the Income Tax Act, 1961

    ---

18. Legal and Administrative Framework Determining the Jurisdiction of Assessing Officers : Clause 242 of the Income Tax Bill, 2025 Vs. Section 124 of the Income-tax Act, 1961

    ---

19. Jurisdictional Architecture under the income tax : Clause 241 of the Income Tax Bill, 2025 Vs. Section 120 of the Income-tax Act, 1961

    ---

20. Statutory Foundations of the Taxpayer's Charter : Clause 240 of the Income Tax Bill, 2025 Vs. Section 119A of the Income-tax Act, 1961

    ---

21. Power to issue instruction for the purpose of the proper administration of this Act : Clause 239 of Income Tax Bill, 2025 Vs. Section 119 of Income Tax Act, 1961

    ---

22. Administrative Hierarchy under the Income Tax Law : Clause 238 of Income Tax Bill, 2025 Vs. Section 118 of Income Tax Act, 1961

    ---

23. Statutory Framework for Appointment of Income-tax Authorities : Clause 237 of Income Tax Bill, 2025 Vs. Section 117 of the Income-tax Act, 1961

    ---

24. Hierarchy of Income-tax Authorities in India : Clause 236 of the Income Tax Bill, 2025 Vs. Section 116 of the Income-tax Act, 1961

    ---

25. Exclusion from the Indian Tonnage Tax Regime : Clause 234(4)-(7) of the Income Tax Bill, 2025 Vs. Section 115VZC of the Income-tax Act, 1961

    ---

26. Anti-Abuse Safeguards in the Indian Tonnage Tax Regime : Clause 234(1)-(3) of the Income Tax Bill, 2025 Vs. Section 115VZB of the Income-tax Act, 1961

    ---

27. Temporary Cessation and Qualifying Status under India's Tonnage Tax Regime : Clause 232(22)-(23) of the Income Tax Bill, 2025 Vs. Section 115VZA of the Income-tax Act, 1961

    ---

28. Continuity of Tonnage Tax Benefits in Shipping Sector Demergers : Clause 233(5)-(6) of Income Tax Bill, 2025 Vs. Section 115VZ of Income-tax Act, 1961

    ---

29. Continuity of Tonnage Tax Benefits in Shipping Amalgamations : Clause 233(1)-(4) of the Income Tax Bill, 2025 Vs. Section 115VY of the Income-tax Act, 1961

    ---

30. Determination of Tonnage for Shipping Companies under Indian Tax Law : Clause 227(9) of the Income Tax Bill, 2025 Vs. Section 115VX of the Income Tax Act, 1961

    ---

31. Compliance Requirements under India's Tonnage Tax Regime : Clause 232(21) of Income Tax Bill, 2025 vs. Section 115VW of the Income Tax Act, 1961

    ---

32. Charter-in Limits under India's Tonnage Tax Regime : Clause 232(15)-(20) of the Income Tax Bill, 2025 Vs. Section 115VV of the Income-tax Act, 1961

    ---

33. Minimum Training Mandates in India's Tonnage Tax Framework : Clause 232(12)-(14) of the Income Tax Bill, 2025 and Section 115VU of the Income-tax Act, 1961

    ---

34. Evolving Compliance Obligations under the Tonnage Tax Scheme: Clause 232(1)-(11) of the Income Tax Bill, 2025 Vs. Section 115VT of the Income-tax Act, 1961

    ---

35. Examination of provision of Disqualification from Tonnage Tax Scheme : Clause 231(12) of the Income Tax Bill, 2025 and Section 115VS of the Income-tax Act, 1961

    ---

36. Examining Renewal Provisions for Tonnage Tax in Indian Shipping Taxation : Clause 231(10)-(11) of Income Tax Bill, 2025 Vs. Section 115VR of Income-tax Act, 1961

    ---

37. Duration and Cessation of Tonnage Tax Option : Clause 231(8)-(9) of the Income Tax Bill, 2025 Vs. Section 115VQ of the Income-tax Act, 1961

    ---

38. Procedural framework for opting into the tonnage tax scheme : Clause 231(1)-(7) of Income Tax Bill, 2025 Vs. Section 115VP of Income-tax Act, 1961

    ---

39. Legal and Practical Implications of Excluding Tonnage Tax Profits from Book Profits in Indian Shipping Taxation : Clause 228(16) of the Income Tax Bill, 2025 Vs. Section 115VO of the Income-tax Act, 1961

    ---

40. Capital Gains taxation on Qualifying Ships : Clause 229(8) to (10) of the Income Tax Bill, 2025 Vs. Section 115VN of the Income-tax Act, 1961

    ---

41. Loss Set-Off and Apportionment in the Shipping Industry : Clause 230(2)-(4) of the Income Tax Bill, 2025 Vs. Section 115VM of the Income-tax Act, 1961

    ---

42. Exclusion of Deductions and Loss Set-Off under the Tonnage Tax Regime : Clause 230(1) of the Income Tax Bill, 2025 Vs. Section 115VL of the Income-tax Act, 1961

    ---

43. Depreciation and Asset Classification under Tonnage Tax : Clause 229(1)-(7) of the Income Tax Bill, 2025 Vs. Section 115VK of the Income-tax Act, 1961

    ---

44. competitive taxation structure for shipping companies : Clause 228(14) and (15) of the Income Tax Bill, 2025 Vs. Section 115VJ of the Income-tax Act, 1961

    ---

45. Simplified and concessionary method of taxation based on the net tonnage of qualifying ships, rather than on actual profits : Clause 228(1)-(13) of the Income Tax Bill, 2025 Vs. Section 115VI of the Income-tax Act, 1961

    ---

46. computation of tonnage income where ships are jointly operated or where multiple companies are involved in the operation of a qualifying ship : Clause 227(7)-(8) of Income Tax Bill, 2025 Vs. Section 115VH of Income-tax Act, 1961

    ---

47. Computation of Taxable income of the shipping companies based on Tonnage: Clause 227(1)-(6) of the Income Tax Bill, 2025 Vs. Section 115VG of the Income-tax Act, 1961

    ---

48. Comprehensive Review of the Tonnage Tax Scheme : Clause 226(7) of the Income Tax Bill, 2025 Vs. Section 115VF of the Income-tax Act, 1961

    ---

49. Presumptive Taxation for Shipping Companies : Clause 226(2)-(6) of the Income Tax Bill, 2025 and Section 115VE of the Income-tax Act, 1961

    ---

50. Examination of "Qualifying Ship" : Clause 235(i) of the Income Tax Bill, 2025 Vs. Section 115VD of the Income-tax Act, 1961

    ---

12345........ 34