Home Highlights February 2019 Year 2019 This

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1. Reforms in Tax Rates - tax rates of the major countries of Asia

2. Tax planning versus Tax evasion - The Assessing Officer cannot disregard a transaction just because it results in a tax advantage to the assessee. Just as much as we...

3. The Union Budget 2025-26 emphasizes infrastructure-led economic growth, following the Rs 11.1 lakh crore allocation in 2024-25. Key priorities include expansion of...

4. Approval of Resolution Plan - provision for the payment of Provident Fund dues not made - After approval of the Resolution Plan under Section 31, the claims as provided...

5. Legal Summary: The document is a keynote address by a Reserve Bank of India official at the US-India Economic Forum, discussing India's economic landscape and growth...

6. Validity of Assessment Order u/s 143(3) once the Resolution Plan is approved under the Code - CIRP proceedings under IBC - The resolution plan approved by the NCLT is...

7. Tax Administration Reforms Commission

8. Direct Tax collections for F.Y. 2017-2018 show growth of 19.5% up to February, 2018

9. Direct Tax Collections for F.Y. 2017-2018 show Growth of 15.8% up to September, 2017

10. HC ruled that ex-parte tax assessment against a corporate debtor post-CIRP resolution plan approval is impermissible. The court held that once the NCLT approves a...

11. Once a resolution plan is approved u/s 31(1) of the Insolvency and Bankruptcy Code, 2016 (IBC), only the debts specified in the resolution plan remain payable. This...

12. The GST Council approved formation of a GoM on restructuring Compensation Cess to examine revenue impacts on states post-GST implementation. Key points: Karnataka raised...

13. Classification of goods - rate of tax - Plant growth regulator further helps plants in making efficient use of the nutrients for their growth. Plant growth regulators...

14. Recovery of excise duty, which got extinguished on approval of resolution plan - Section 31(1) of the IBC, 2016 mandates that the resolution plan approved by the NCLT...

15. Government authority - SPV with 100% government holding - The consultancy services for preparation of transport studies such as comprehensive mobility plan, transit...