TMI Short Notes

TMI Short Notes on various issues

351. Demarcating Authority: High Court Clarifies Jurisdictional Limits of GST Officers

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352. Unraveling the Royalty Conundrum and DTAA: ITAT's Stance on Marketing and Reservation Fees

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353. Royalty or Not? Decoding the Taxability of Marketing and Reservation Contributions under India-USA DTAA

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354. Unraveling the Intricacies: Assessing a Political Party's Claim for Income Tax Exemption

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355. Bogus Capital Gains and Accommodation Entries: Unraveling the Penny Stock Scam and Tax Evasion

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356. Strict Interpretation of Exemption Provisions: Supreme Court's Ruling on Section 10B(8) of the Income Tax Act

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357. Disallowance u/s 14A: Prospective or Retrospective Effect of the Amendment?

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358. Navigating the Complexities of "Charitable Purpose" in Income Tax Exemptions

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359. Cooperative Banks vs. Primary Agricultural Credit Societies: Implications for Section 80P Deduction

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360. Exemption u/s 11: Condonation of Delay in Filing Form 10

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361. Interpreting Section 249(4)(b) of the Income Tax Act: When Non-Payment of Advance Tax Cannot Dismiss an Appeal

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362. Retrospective Amendments and the Doctrine of Vested Rights: A Judicial Perspective

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363. Upholding Equality: HC Strikes Down Discriminatory Circular on Charitable Trust Approvals

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364. Judicial Review of Income Tax Settlement Commission (ITSC) Orders: Navigating the Boundaries

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365. Assessee's Lackadaisical Conduct Leads to Dismissal of Income Tax Appeal

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

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

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

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369. Navigating the Taxation Labyrinth: The Supreme Court's Guidance on Transfer of Right to Use Goods

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370. Supreme Court Upholds Forfeiture of Earnest-Money Deposits under SARFAESI Rules

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371. The Generality vs. Enumeration Principle: A Key to Interpreting Delegated Rule-Making Power: Validity of Rule 9(3) of the Chartered Accountants' Rules, 2007

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

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

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374. Ensuring Fair Procedure before declaring Fraud in Bank Loan: Providing Relevant Documents and Opportunity to be Heard

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

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

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377. Decoding the Judgement: Navigating the Complexities of ITC Eligibility under the GST Regime

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378. Excess stock found during survey: Navigating the Intricacies of UPGST / CGST Act and Invoking Wrong Provisions

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379. Striking a Balance: Judicial Interpretation of GST Provisions on Record-Keeping and Penalties

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380. Interim Orders and the Limits of Article 142: Safeguarding Natural Justice Balancing Judicial Powers and Litigants' Rights

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381. Upholding Fairness and Transparency in Insolvency Resolution: A Landmark Judgment on the IBC

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382. Supreme Court Clarifies Vicarious Liability of Directors in Cheque Dishonour Cases

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383. Interim Compensation in Cheque Dishonor Cases: Discretion and Due Process, Scope of the word "May"

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384. Unraveling the Principles of Delay Condonation: A Comprehensive Analysis by the Supreme Court

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

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386. Monetary Limits for Filing Appeals: Analyzing the CESTAT Judgment on Binding Nature of CBIC Instructions and Fair Hearing

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

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

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389. Interpreting E-Way Bill Regulations: High Court's Guidance on Proportionality and Taxpayer Intent

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390. PMLA and CrPC: Supreme Court's Interpretation on Summons, Appearance, and Arrest

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

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392. Interpreting the CGST Act: A Landmark Judgment on Record Maintenance, Confiscation, and Penalties
     1 Comment

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393. Excess Stock Findings: Invoking Sections 73 and 74 of UPGST Act, Not Section 130

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394. Judicial Restraint in SARFAESI Cases: Navigating Alternative Remedies and Writ Jurisdiction

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395. Reassessment Proceedings: Navigating the Complexities

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

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397. Rates of income-tax in respect of income liable to tax for the assessment year 2024-25.

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398. Rates for deduction of income-tax at source during the financial year (FY) 2024-25 from certain incomes other than “Salaries”.

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399. Rates for deduction of income-tax at source from “Salaries”, computation of “advance tax” and charging of income-tax in special cases during the FY 2024-25 (Assessment Year 2025-26).

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400. Individual, HUF, association of persons, body of individuals, artificial juridical person. [Rates for deduction of income-tax at source (TDS) from “Salaries”, computation of “advance tax” during the FY 2024-25 (Assessment Year 2025-26)]

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