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TR Vol-174 Issue-1, 06 July 2020
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INCOME TAX : NEWS YOU CAN USE - Bankruptcy Code : IBBI proposes limiting number of assignments handled by IPs to check delays 2 >>   
INCOME TAX : NEWS YOU CAN USE - EPFO : EPFO may slash interest rate over falling returns, slow cash flow; Reports 2 >>   
INCOME TAX : NEWS YOU CAN USE - Income Tax Returns : Income Tax department extends five new deadlines for Indian taxpayers 3 >>   
INCOME TAX : NEWS YOU CAN USE - Sovereign Gold Bond : RBI fixes Sovereign Gold Bond price at Rs 4,852 a gram, issue opens July 6 5 >>   
INCOME TAX : STATUTES - Taxation and Other Laws—Notification No 39 /2020, dtd. 29-6-2020 [F. No. 370142/23/2020-TPL] 6 >>   
INCOME TAX : STATUTES - Taxation And Other Laws—Notification No. 35/2020, dtd. 24-6-2020 F. No. 370142/23/2020-TPL] 6 >>   
INCOME TAX : STATUTES - Revision of Interest Rates for Small Savings Schemes—F.No.1/4/2019-NS, dtd. 30-6-2020 8 >>   
INCOME TAX : STATUTES - Sovereign Gold Bond Scheme 2020-21 (Series IV)—Issue Price—Press Release, dtd. 4-7-2020 8 >>   
INCOME TAX : STATUTES - Extension of Various Time Limits Under Direct Tax & Benami Laws—Press Release, dtd. 24-6-2020 8 >>   
INCOME TAX : STATUTES - Income Tax (13th Amendment) Rules, 2020—Amendment of Rule 2BB and Rule 3(7)—Notification No. 38/2020, dtd. 26-6-2020 [F. No.370142/15/2020-TPL] 10 >>   
INCOME TAX : STATUTES - Income Tax (14th Amendment) Rules—Substitution of Rule 11UAC—Notification No. 40/2020, dtd. 29-6-2020 [F. No.370149/143/2019-TPL] 11 >>   
INCOME TAX : STATUTES - Income Tax (15th Amendment) Rules, 2020—Insertion of Rule 11UAD—Notification No. 42/2020, dtd. 30-6-2020 [F. No.370149/143/2019-TPL] 13 >>   
INCOME TAX : STATUTES - Income Tax (16th Amendment) Rules, 2020—Amendment of Rule 31A- Amendment of Form Nos. 26Q and 27Q—Notification No. 43/2020, dtd. 3-7-2020 [F. No. 370142/11/2020-TPL] 14 >>   
INCOME TAX : SUBSCRIBER’S QUERIES - Capital gains—Conversion of Firm into Company 21 >>   
INCOME TAX : ARTICLES - Time Limits and Due Date for Payment of Tax—Post Taxation Ordinance And Recent Notification—CA. MANOJ GUPTA 25 >>   
INCOME TAX : ARTICLES - Capital Losses on Reduction of Capital—Case Study—SRIVATSAN RANGNATHAN 49 >>   
INCOME TAX : ARTICLES - India Widens Taxation of Cross Border E-Commerce Transactions—DR. (CA) SURESH SURANA, FOUNDER, RSM INDIA 58 >>   
INCOME TAX : CASE LAW DIGESTS - A.P. Forest Development Corporation Ltd. v. Dy. CIT (2020) 174 TR (A) 66 (Hyd-Trib) : 2019 TaxPub(DT) 7493 (Hyd-Trib) 64 >>   
INCOME TAX : CASE LAW DIGESTS - ACIT v. Container Corporation of India Ltd. (2020) 174 TR (A) 70 (Del-Trib) : 2019 TaxPub(DT) 7828 (Del-Trib) 68 >>   
INCOME TAX : CASE LAW DIGESTS - ACIT v. Danone (India) (P) Ltd. (2020) 174 TR (A) 72 (Del-Trib) : 2019 TaxPub(DT) 7526 (Del-Trib) 69 >>   
INCOME TAX : CASE LAW DIGESTS - Ashok Kumar B. Mehta v. ITO (2020) 174 TR (A) 82 (Chen-Trib) : 2019 TaxPub(DT) 7707 (Chenn-Trib) 79 >>   
INCOME TAX : CASE LAW DIGESTS - Asstt. CIT v. Cairo International (2020) 174 TR (A) 77 (Del-Trib) : 2019 TaxPub(DT) 7520 (Del-Trib) 74 >>   
INCOME TAX : CASE LAW DIGESTS - Asstt. CIT v. Dhanuka Agritech Ltd. (2020) 174 TR (A) 65 (Del-Trib) : 2019 TaxPub(DT) 7480 (Del-Trib) 62 >>   
INCOME TAX : CASE LAW DIGESTS - Asstt. CIT v. Rishabh Steel House (2020) 174 TR (A) 82 (Mum-Trib) : 2019 TaxPub(DT) 7990 (Mum-Trib) 79 >>   
INCOME TAX : CASE LAW DIGESTS - Beaver Estates (P) Ltd. v. Asstt. CIT (2020) 174 TR (A) 89 (Ker-HC) : 2019 TaxPub(DT) 7362 (Ker-HC) 85 >>   
INCOME TAX : CASE LAW DIGESTS - Bhagwati Colonizers (P) Ltd. v. ITO (2020) 174 TR (A) 91 (Asr-Trib(TM)) : 2019 TaxPub(DT) 7516 (Asr-Trib) 87 >>   
INCOME TAX : CASE LAW DIGESTS - Bharatkumar N. Parikh v. Dy. CIT (2020) 174 TR (A) 96 (Ahm-Trib) : 2019 TaxPub(DT) 7363 (Ahd-Trib) 92 >>   
INCOME TAX : CASE LAW DIGESTS - Chimmaveer Trust v. CIT (E) (2020) 174 TR (A) 67 (Del-Trib) : 2019 TaxPub(DT) 7671 (Del-Trib) 64 >>   
INCOME TAX : CASE LAW DIGESTS - Cognizant Technology Solutions India (P) Ltd. v. CIT (2020) 174 TR (A) 95 (Mad-HC) : 2019 TaxPub(DT) 7442 (Mad-HC) : (2019) 310 CTR (Mad) 348 91 >>   
INCOME TAX : CASE LAW DIGESTS - Dar Al Handasah Consultants (Shair & Partners) India (P) Ltd. v. Dy. CIT (2020) 174 TR (A) 65 (Pune-Trib) : 2019 TaxPub(DT) 7929 (Pune-Trib) : (2019) 76 ITR (Trib) 669 (Pune-Trib) : (2020) 203 TTJ (Pune-Trib) 218 63 >>   
INCOME TAX : CASE LAW DIGESTS - DCM Shriram Ltd. v. Dy. CIT (2020) 174 TR (A) 80 (Del-Trib) : 2019 TaxPub(DT) 7327 (Del-Trib) 77 >>   
INCOME TAX : CASE LAW DIGESTS - Dy. CIT v. Asian Hardware & Tools (2020) 174 TR (A) 81 (Mum-Trib) : 2019 TaxPub(DT) 7321 (Mum-Trib) 78 >>   
INCOME TAX : CASE LAW DIGESTS - Dy. CIT v. Madhyam Housing (P) Ltd. (2020) 174 TR (A) 85 (Del-Trib) : 2019 TaxPub(DT) 7924 (Del 'C'-Trib) : (2019) 76 ITR (Trib) 82 (Del 'C'-Trib) 81 >>   
INCOME TAX : CASE LAW DIGESTS - Dy. CIT v. Shriram Venture Ltd. (2020) 174 TR (A) 69 (Chen-Trib) : 2019 TaxPub(DT) 7409 (Chenn-Trib) 67 >>   
INCOME TAX : CASE LAW DIGESTS - Ghanshyamdas D. Shah v. Dy. CIT (2020) 174 TR (A) 83 (Chen-Trib) : 2019 TaxPub(DT) 7702 (Chenn-Trib) 80 >>   
INCOME TAX : CASE LAW DIGESTS - ITO v. Late Rathindranath Bhattacharya (2020) 174 TR (A) 85 (Kol-Trib) : 2019 TaxPub(DT) 7389 (Kol-Trib) : (2019) 179 ITD 349 (Kol-Trib) 82 >>   
INCOME TAX : CASE LAW DIGESTS - Janmangal Gramin Bigarsheti Sahakari Pat. v. ITO (2020) 174 TR (A) 80 (Pune-Trib) : 2019 TaxPub(DT) 7542 (Pune-Trib) 77 >>   
INCOME TAX : CASE LAW DIGESTS - Kerala State Beverages Co. Ltd. v. Pr. CIT (2020) 174 TR (A) 88 (Ker-HC) : 2019 TaxPub(DT) 7386 (Ker-HC) 84 >>   
INCOME TAX : CASE LAW DIGESTS - Loil Continental Foods Ltd. v. Pr. CIT (2020) 174 TR (A) 94 (Chd-Trib) : 2019 TaxPub(DT) 7952 (Chd-Trib) 90 >>   
INCOME TAX : CASE LAW DIGESTS - Louis Dreyfus Commodities India (P) Ltd. v. Asstt. CIT (2020) 174 TR (A) 73 (Del-Trib) : 2019 TaxPub(DT) 7341 (Del-Trib) 71 >>   
INCOME TAX : CASE LAW DIGESTS - Maple Logistics (P) Ltd. & Anr. v. Pr. Chief CIT & Ors. (2020) 174 TR (A) 90 (Del-HC) : 2019 TaxPub(DT) 7384 (Del-HC) : (2020) 312 CTR (Del) 141 86 >>   
INCOME TAX : CASE LAW DIGESTS - Nangali Educational Society v. CIT (E) (2020) 174 TR (A) 67 (Amt-Trib) : 2019 TaxPub(DT) 7899 (Asr-Trib) 65 >>   
INCOME TAX : CASE LAW DIGESTS - Pr. CIT v. Karnataka Vikas Grameen Bank (2020) 174 TR (A) 75 (Kar-HC) : 2019 TaxPub(DT) 7741 (Karn-HC) 72 >>   
INCOME TAX : CASE LAW DIGESTS - Pr. CIT v. Nokia Solutions & Networks India (P) Ltd. (2020) 174 TR (A) 87 (Del-HC) : 2019 TaxPub(DT) 7393 (Del-HC) : (2020) 312 CTR (Del) 373 84 >>   
INCOME TAX : CASE LAW DIGESTS - Pr. CIT v. NRA Iron & Steel (P.) Ltd. (2020) 174 TR (A) 93 (SC-Ind) : 2019 TaxPub(DT) 7300 (SC) : (2019) 418 ITR 449 (SC) : (2020) 268 Taxman 1 (SC) : (2019) 311 CTR (SC) 263 89 >>   
INCOME TAX : CASE LAW DIGESTS - Pr. CIT v. Star PVG Exports (2020) 174 TR (A) 84 (Kar-HC) : 2019 TaxPub(DT) 7751 (Karn-HC) : (2020) 268 Taxman 357 (Karn) 81 >>   
INCOME TAX : CASE LAW DIGESTS - Priyanka Real Estates & Developers v. ITO (2020) 174 TR (A) 76 (Vis-Trib) : 2019 TaxPub(DT) 7867 (Visakha Trib) 73 >>   
INCOME TAX : CASE LAW DIGESTS - R.D. Kasiviswanathan v. ITO (2020) 174 TR (A) 81 (Chen-Trib) : 2019 TaxPub(DT) 7868 (Chenn-Trib) 78 >>   
INCOME TAX : CASE LAW DIGESTS - R.S. Triveni Foods P. Ltd. v. Addl. CIT (2020) 174 TR (A) 76 (Del 'F'-Trib) : 2019 TaxPub(DT) 7785 (Del 'F'-Trib) 74 >>   
INCOME TAX : CASE LAW DIGESTS - Ram Babu Gupta v. Dy. CIT (2020) 174 TR (A) 72 (Jai-Trib) : 2019 TaxPub(DT) 7605 (Jp-Trib) 70 >>   
INCOME TAX : CASE LAW DIGESTS - Ramesh Mishra v. Dy. CIT (2020) 174 TR (A) 84 (Lkw-Trib)(SMC) : 2019 TaxPub(DT) 7873 (Luck-Trib) 80 >>   
INCOME TAX : CASE LAW DIGESTS - Sai Enterprises v. Pr. CIT (2020) 174 TR (A) 95 (Mum-Trib) : 2019 TaxPub(DT) 7992 (Mum-Trib) 91 >>   
INCOME TAX : CASE LAW DIGESTS - Senior Bhosale Estate (HUF) v. Asstt. CIT (2020) 174 TR (A) 92 (SC) : 2019 TaxPub(DT) 7747 (SC) : (2019) 419 ITR 732 (SC) : (2019) 311 CTR (SC) 754 88 >>   
INCOME TAX : CASE LAW DIGESTS - Shivam Enterprises v. Pr. CIT (2020) 174 TR (A) 93 (Mum-Trib) : 2019 TaxPub(DT) 7400 (Mum-Trib) 89 >>   
INCOME TAX : CASE LAW DIGESTS - Solitaire Foods (P) Ltd. v. UOI & Ors. (2020) 174 TR (A) 88 (All-HC) : 2019 TaxPub(DT) 7750 (All-HC) 84 >>   
INCOME TAX : CASE LAW DIGESTS - T.L.G. India (P) Ltd. v. Dy.CIT & Ors. (2020) 174 TR (A) 86 (Bom-HC) : 2019 TaxPub(DT) 7753 (Bom-HC) : (2020) 312 CTR (Bom) 196 82 >>   
INCOME TAX : CASE LAW DIGESTS - TLG India (P.) Ltd. v. Dy. CIT (2020) 174 TR (A) 86 (Bom-HC) : 2019 TaxPub(DT) 7733 (Bom-HC) : (2020) 421 ITR 418 (Bom) : (2020) 312 CTR (Bom) 199 83 >>   
INCOME TAX : CASE LAW DIGESTS - TLG India (P.) Ltd. v. Dy. CIT (2020) 174 TR (A) 92 (Mum-Trib) : 2019 TaxPub(DT) 7293 (Mum-Trib) 88 >>   
INCOME TAX : CASE LAW DIGESTS - Umaxe Projects (P) Ltd. v. Dy. CIT (2020) 174 TR (A) 75 (Del-Trib) : 2019 TaxPub(DT) 7906 (Del-Trib) 72 >>   
INCOME TAX : CASE LAW DIGESTS - Vikram Developers & Promoters v. Dy. CIT (2020) 174 TR (A) 79 (Pune 'B'-Trib) : 2019 TaxPub(DT) 7946 (Pune 'B'-Trib) 76 >>   
INCOME TAX : CASE LAW DIGESTS - Vipan Khanna v. ITO (2020) 174 TR (A) 71 (Asr-Trib) : 2019 TaxPub(DT) 7288 (Asr-Trib) 68 >>   
INCOME TAX : CASE LAW DIGESTS - Young Indian v. CIT (2020) 174 TR (A) 68 (Del-Trib) : 2019 TaxPub(DT) 7634 (Del-Trib) : (2019) 202 TTJ (Del-Trib) 66 >>   
CORPORATE LAWS & GST MINI MAGAZINE : NEWS YOU CAN USE - MCA : Centre plans to decriminalise provisions of LLP Act, invites comments 94 >>   
CORPORATE LAWS & GST MINI MAGAZINE : NEWS YOU CAN USE - Softening the Covid blow; MCA again extends timeline for creation of a deposit repayment reserve by 3 months 95 >>   
CORPORATE LAWS & GST MINI MAGAZINE : NEWS YOU CAN USE - Over 16,000 new firms registered since lockdown, 3,200 in April alone 95 >>   
CORPORATE LAWS & GST MINI MAGAZINE : NEWS YOU CAN USE - Centre, state tax officers can take intelligence based enforcement actions for all purposes; CBIC 96 >>   
CORPORATE LAWS & GST MINI MAGAZINE : NEWS YOU CAN USE - Delhi HC issues notices to govt, GST Council on retro amendment 97 >>   
CORPORATE LAWS & GST MINI MAGAZINE : NEWS YOU CAN USE - Green shoots of recovery? GST mop-up improves in June, crosses Rs 90,000 cr 97 >>   
CORPORATE LAWS & GST MINI MAGAZINE : NEWS YOU CAN USE - Govt committed to reforms, make tax structure simple: FM on GST day 98 >>   
CORPORATE LAWS & GST MINI MAGAZINE : STATUTES - Clarification on Refund Related Issues—Circular No. 139/09/2020-GST, dtd. 10-6-2020 [CBEC-20/06/03-2020–GST] 99 >>   
CORPORATE LAWS & GST MINI MAGAZINE : STATUTES - Clarification in Respect of Levy of GST on Director’s Remuneration—Circular No: 140/10/2020–GST, dtd. 10-6-2020 [CBEC-20/10/05/2020–GST] 100 >>   
CORPORATE LAWS & GST MINI MAGAZINE : STATUTES - Date on Which Provisions of Certain Rules shall Come into Force—Notification No. 44/2020 – Central Tax, dtd. 8-6-2020 [F. No. CBEC-20/06/16/2018-GST] 102 >>   
CORPORATE LAWS & GST MINI MAGAZINE : STATUTES - Amendment in Notification No.10/2020-Central Tax, dated 21st March, 2020—Notification No. 45/2020 – Central Tax, dtd. 9-6-2020 [F. No. CBEC-20/06/03/2020-GST] 102 >>   
CORPORATE LAWS & GST MINI MAGAZINE : STATUTES - Time Limit for Issuance of Certain Orders Shall be Extended to Fifteen days After the Receipt of Reply to the Notice—Notification No. 46/2020 – Central Tax, dtd. 9-6-2020 [F. No. CBEC-20/06/03/2020-GST] 103 >>   
CORPORATE LAWS & GST MINI MAGAZINE : STATUTES - Further Amendment in Notification No.35/2020-Central Tax, dated 3rd April, 2020—Notification No. 47/2020 – Central Tax, dtd. 9-6-2020 [F.No CBEC-20/06/03/2020-GST] 103 >>   
CORPORATE LAWS & GST MINI MAGAZINE : ARTICLES - Contribution to PM CARES Fund or Other COVID-19 Related Activities to Qualify as CSR Expenditure—PRAGYA LALWANI 105 >>   
CORPORATE LAWS & GST MINI MAGAZINE : ARTICLES - Special Procedure for Companies Under Insolvency and Bankruptcy Code, 2016—CA. SATYADEV PUROHIT 108 >>   
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