Home Highlights December 2019 Year 2019 This

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1. Payment on transfer of virtual digital asset - Amends various rules i.e. Due Date of payment of TDS (Rule 30) - Certificate of TDS (Rule 31) - Quarterly statement /...

2. The CBDT issued Notification No. 30/2025 amending Income-tax Rules, 1962, introducing new Rule 12AE governing income tax returns for persons subject to search or...

3. The Income-tax (ninth Amendment) Rules, 2025 mandate that individuals allotted a PAN based on Aadhaar application forms filed before 1 October 2024 must disclose their...

4. Characterization of receipts - Treatment of interest income from staff loans and advances, interest income from other loans and advances and miscellaneous income -...

5. Applicability of section 40A(3) – Payment made of bottling charges - Rule 14 of the Karnataka Licenses General Condition Rules, 1967 mandates cash payment or not - Held No - HC

6. Income from license fees - income under the head ‘Income from other sources’ OR 'business income' - AT

7. Safe Harbour Rule - Income-tax (18th Amendment) Rules, 2022 - Amends Rule 10TD - Notification

8. Income accrue in India - PE in India - nature of income - the distribution revenue earned by the appellant-assessee cannot be taxed as royalty albeit as a business...

9. The assessee filed a return manually admitting income u/s 44AE from running lorries and agricultural income. The Tribunal held that when income is offered on a...

10. Nature of unaccounted surrendered income emanating from the seized document - business income OR deemed income u/s 69 - The income is business income relatable to...

11. The Income Tax Bill 2025 establishes comprehensive criteria for income deemed to accrue or arise in India, focusing on four primary categories: income from Indian...

12. The proposed amendments to income deemed to accrue or arise in India under the Income Tax Bill, 2025, introduce comprehensive modifications to existing provisions under...

13. ITAT upheld CIT(A)'s decision allowing deduction of Finance Lease Rental Payments under section 37(1) as revenue expenditure. Revenue's appeal challenging depreciation...

14. Income from leasing the hotel was income from business and not income from house property - AT

15. The High Court held that rent income derived from letting out properties by the assessee should be treated as 'Income from Profits and Gains of Business' and not 'Income...