TMI Short Notes

TMI Short Notes on various issues

1. Maximizing Value in Insolvency: NCLAT Upholds CoC's Right to Negotiate Post-Challenge Mechanism

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2. Supreme Court Clarifies Limitation Period for Appeals before NCLAT under IBC in the Digital Age: E-filing and Limitation Periods

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

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

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

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

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

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

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10. Ensuring Justice in GST Registration Cancellations: A Landmark High Court Ruling

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11. Limitation Period in Insolvency Appeals: A Step Towards Legal Clarity for determination of relevant date and Condonation of delay in filing an appeal.

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12. Navigating Trade Restrictions: India's Stance on North Korea Exports and Imports

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13. Deadline Adherence in Insolvency Claims: The Supreme Court on Enforcing Arbitration Awards Amidst Insolvency

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14. Resolution Plan Approvals: The Supreme Court's Clarification on NCLT and NCLAT's Jurisdiction in Insolvency Resolution.

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

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16. Supreme Court Verdict on Pre-Import Condition and IGST Exemptions: A Legal Analysis

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17. Understanding Beneficial Ownership: A Landmark Admiralty Case in India

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18. Beneficial Ownership, Beyond Baggage in Customs Law: Seizure of foreign currency

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19. Expanding Trade Horizons: The 2023 Amendment to SEZ Rules for Gem and Jewellery Units

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20. The Significance of Signature: A Landmark Decision on GST Assessment Orders

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

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

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23. Deadline Extended for Pharmaceutical Track and Trace System Implementation

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24. MCA Announces Establishment of Central Processing Centre at IMT Manesar

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25. Export Obligation Compliance: Detailed SOPs for EPCG and Advance Authorization Holders
    1 Comment

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26. IBBI Circular Update: Key Takeaways for Insolvency Professionals and Stakeholders

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

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28. Finance Bill, 2024 Insights: The Expansion of Input Service Distributor's (ISD) Role in GST
    1 Comment

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29. Understanding Burden of Proof in Cheque Bounce Cases: Insights from a Landmark Judgment

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30. Analysis of Vicarious Liability under Section 141 of the NI Act in Partnership Firms: Liability in Cheque Bounce Cases

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

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

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

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

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36. 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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37. Analyzing GST Implications on Free of Cost Supplies in Service Agreements: A Case Study

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

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

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

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

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

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

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44. Bail, Arrest, and Rights: A Close Look at Recent PMLA Judgment

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45. Classifying Data Collection Devices in Import Regulations: The Kronos 4500 Touch ID Terminal Case

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46. The Power to Rectify versus Power to review of assessment order: Tax Assessments

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47. From Land Transactions to Money Laundering: A Legal Odyssey

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

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49. Landmark Judgment on Admissibility of Electronic Evidence: A Legal Analysis

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50. Eligibility of Input Tax Credit (ITC) for purchases made during the manufacturing process of goods: Analyzing the UP VAT Act Judgment

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