TMI Short Notes

TMI Short Notes on various issues

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

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552. Landmark Ruling: Leasing Businesses Entitled to Depreciation Benefits

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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582. Deadline Extended for Pharmaceutical Track and Trace System Implementation

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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