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TR Vol-181 Issue-2, 13-Sep-2021
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INCOME TAX : NEWS YOU CAN USE - Bankruptcy Code : Before IBC implementation, there used to be feudalism; CEA Subramanian 2 >>   
INCOME TAX : NEWS YOU CAN USE - Bankruptcy Code : IBC not a panacea for all ills, needs holistic assessment: IBBI chief Sahoo 2 >>   
INCOME TAX : NEWS YOU CAN USE - Bankruptcy Code : Nearly 47% closed cases under IBC in liquidation till June, says IBBI 3 >>   
INCOME TAX : NEWS YOU CAN USE - e-Filing : CBDT extends due dates for e-filing of various Income Tax forms 4 >>   
INCOME TAX : NEWS YOU CAN USE - ITSC : Taxpayers can file settlement claims till September 30: Check details here 5 >>   
INCOME TAX : NEWS YOU CAN USE - IT Returns : In big relief, 75-plus need not file IT returns from AY22-23 6 >>   
INCOME TAX : NEWS YOU CAN USE - Tax Refunds : IT dept asks taxpayers to send online response for AY 20-21 7 >>   
INCOME TAX : STATUTES - Extension of Date to Make Payment -- Notification No. 94/2021, dtd. 31-8-2021 [F.No.IT(A)/01/2020-TPL (Part-I)-(Part- I)]] 8 >>   
INCOME TAX : STATUTES - Section 245-OB -- Constitution of Boards for Advance Rulings -- Notification No. 96/2021, dtd. 1-9-2021 [F.No. 370142/31/2021-TPL (Part II)] 9 >>   
INCOME TAX : STATUTES - Section 245-OB -- Boards for Advance Rulings -- Date Coming into Force of Provisions -- Notification No. 97/2021, dtd. 1-9-2021 [F.No. 370142/31/2021-TPL (Part II)] 9 >>   
INCOME TAX : STATUTES - Section 194P -- Senior Citizens not Required to File Returns -- Specified Bank Notified -- Notification No. 98/2021, dtd.2-9-2021 [F. No. 370142/11/2021-TPL] 9 >>   
INCOME TAX : STATUTES - Corrigendum to Income Tax (27th Amendment) Rules, 2021 -- Notification No. 102/2021 dtd. 7-9-2021 [F. No. 370142/35/2021 -- TPL (Part I)] 10 >>   
INCOME TAX : STATUTES - CBDT Extends Date Under Section 3 of the Vivad se Vishwas Act -- Press Release, dtd. 29-8-2021 10 >>   
INCOME TAX : STATUTES - Income Tax Department Conducts Searches in Delhi, Gujarat and Dadra -- Press Release, dtd. 2-9-2021 11 >>   
INCOME TAX : STATUTES - CBDT Amends Income Tax Rules, 1962 to Ease Authentication of Electronic Records Submitted in Faceless Assessment Proceedings -- Press Release, dtd. 7-9-2021 11 >>   
INCOME TAX : STATUTES - CBDT Allows Taxpayers an Opportunity to File Application for Settlement -- Press Release, dtd. 7-9-2021 12 >>   
INCOME TAX : STATUTES - Income Tax (25th Amendment) Rules, 2021 -- Insertion of Rule 9D -- Notification No. 95/2021, dtd. 31-8-2021 [F. No. 370142/36/2021-TPL] 13 >>   
INCOME TAX : STATUTES - Income Tax (26th Amendment) Rules, 2021 -- Insertion of Rule 26D -- Insertion of Form No. 12BBA -- Substitution of Form No. 16, 24Q, 26QC and 26QD -- Notification No. 99/2021, dtd. 2-9-2021 [F. No. 370142/11/2021-TPL] 14 >>   
INCOME TAX : STATUTES - Income Tax (27th Amendment) Rules, 2021 -- Insertion of Rule 14C -- Notification No. 101/2021, dtd. 6-9-2021 [F.No. 370142/35/2021-TPL (Part-I)] 38 >>   
INCOME TAX : SUBSCRIBER’S QUERIES - Income from other sources -- Under section 56(2)(x) -- Possibility of challenge to stamp value 39 >>   
INCOME TAX : ARTICLES - TCS on Foreign Remittance -- CA. MANOJ GUPTA 40 >>   
INCOME TAX : ARTICLES - Sample deed of Memorial Trust -- TAXPUB CREATIVE CELL 53 >>   
INCOME TAX : ARTICLES - Whether a Trust or Society Carrying on the Religious Activity Not Entitled to Approval Under Section 80G(5)? -- AKHILESH KUMAR SAH 61 >>   
INCOME TAX : CASE LAW DIGESTS - Amrutha Estates & Hospitality (P) Ltd. v. ITO (2021) 181 TR (A) 190 (Hyd-Trib) : 2021 TaxPub(DT) 1958 (Hyd-Trib) 75 >>   
INCOME TAX : CASE LAW DIGESTS - Ashmi Gupta v. Dy. CIT (2021) 181 TR (A) 206 (Chd-Trib) : 2021 TaxPub(DT) 1800 (Chd-Trib) 90 >>   
INCOME TAX : CASE LAW DIGESTS - Asstt. CIT v. Tata Tea Ltd. (2021) 181 TR (A) 210 (SC) : 2020 TaxPub(DT) 1009 (SC) 95 >>   
INCOME TAX : CASE LAW DIGESTS - Asus India (P) Ltd. v. Asstt. CIT (2021) 181 TR (A) 198 (Mum-Trib) : 2020 TaxPub(DT) 4235 (Mum-Trib) : (2020) 208 TTJ (Mum-Trib) 1 83 >>   
INCOME TAX : CASE LAW DIGESTS - Balji Electrical Insulators (P) Ltd. v. Dy.CIT (2021) 181 TR (A) 189 (Ahm-Trib) : 2020 TaxPub(DT) 3693 (Ahd-Trib) 73 >>   
INCOME TAX : CASE LAW DIGESTS - Balkrishna Purshottamdas Patel v. Dy. CIT (2021) 181 TR (A) 187 (Ahd-Trib) : 2020 TaxPub(DT) 4699 (Ahd-Trib) 71 >>   
INCOME TAX : CASE LAW DIGESTS - Bennett Coleman & Company Ltd. v. Dy. CIT (2021) 181 TR (A) 203 (Mum-Trib) : 2021 TaxPub(DT) 2214 (Mum-Trib) 87 >>   
INCOME TAX : CASE LAW DIGESTS - Bhisham Kumar Gupta v. ITO (2021) 181 TR (A) 196 (Del-Trib) : 2021 TaxPub(DT) 1086 (Del-Trib) 81 >>   
INCOME TAX : CASE LAW DIGESTS - Chandra Bali Singh v. ITO (2021) 181 TR (A) 205 (All-Trib) : 2021 TaxPub(DT) 1091 (All-Trib) 90 >>   
INCOME TAX : CASE LAW DIGESTS - CHINAR (Central Himalayan Institute for Nature & Applied Research) v. CIT (2021) 181 TR (A) 196 (Dehra-Trib) : 2021 TaxPub(DT) 1847 (Dehradun Tribunal) 80 >>   
INCOME TAX : CASE LAW DIGESTS - CIT v. Idea Cellular Ltd. (2021) 181 TR (A) 200 (Bom-HC) : 2021 TaxPub(DT) 2193 (Bom-HC) 85 >>   
INCOME TAX : CASE LAW DIGESTS - CIT v. Surat Urban Development Authority (2021) 181 TR (A) 210 (Guj-HC) : 2021 TaxPub(DT) 1057 (Guj-HC) 94 >>   
INCOME TAX : CASE LAW DIGESTS - CIT v. Vysya Bank Ltd. (2021) 181 TR (A) 190 (Karn-HC) : 2021 TaxPub(DT) 1513 (Karn-HC) 74 >>   
INCOME TAX : CASE LAW DIGESTS - Deepak Rugs v. CIT (2021) 181 TR (A) 183 (SC) : 2020 TaxPub(DT) 3760 (SC) 67 >>   
INCOME TAX : CASE LAW DIGESTS - DIT v. M.L. Meyyappan Charitable Trust (2021) 181 TR (A) 187 (Mad-HC) : 2021 TaxPub(DT) 1475 (Mad-HC) 71 >>   
INCOME TAX : CASE LAW DIGESTS - Dolphin Metal (India) Ltd. v. ITO (2021) 181 TR (A) 208 (Guj-HC) : 2021 TaxPub(DT) 1104 (Guj-HC) 92 >>   
INCOME TAX : CASE LAW DIGESTS - Dy. DIT v. Cutchi Memon Union (2021) 181 TR (A) 206 (Bang-Trib) : 2021 TaxPub(DT) 2911 (Bang-Trib) 91 >>   
INCOME TAX : CASE LAW DIGESTS - Eit Services India (P) Ltd. v. Asstt. CIT (2021) 181 TR (A) 208 (Kar-HC) : 2021 TaxPub(DT) 2056 (Karn-HC) 93 >>   
INCOME TAX : CASE LAW DIGESTS - Excellent Shares & Finance Services (P) Ltd. v. ITO (2021) 181 TR (A) 197 (Mum-Trib) : 2021 TaxPub(DT) 1113 (Mum-Trib) 82 >>   
INCOME TAX : CASE LAW DIGESTS - Ghewarchand Jain Dilipkumar v. Asstt. CIT (2021) 181 TR (A) 194 (Chen-Trib) : 2021 TaxPub(DT) 1706 (Chenn-Trib) 79 >>   
INCOME TAX : CASE LAW DIGESTS - Glory Lifesciences (P). Ltd. v. Asstt. CIT (2021) 181 TR (A) 212 (Del-Trib) : 2021 TaxPub(DT) 1981 (Del-Trib) 97 >>   
INCOME TAX : CASE LAW DIGESTS - Hicon Constructions v. Dy. CIT (2021) 181 TR (A) 193 (Mum-Trib) : 2021 TaxPub(DT) 1986 (Mum-Trib) 78 >>   
INCOME TAX : CASE LAW DIGESTS - Hyosung Corporation v. UOI & Ors. (2021) 181 TR (A) 185 (Del-HC) : 2020 TaxPub(DT) 4140 (Del-HC) 70 >>   
INCOME TAX : CASE LAW DIGESTS - In re, Mitsubishi Electric Corporation (2021) 181 TR (A) 204 (AAR-New Del) : 2021 TaxPub(DT) 1348 (AAR-New Delhi) 89 >>   
INCOME TAX : CASE LAW DIGESTS - ITO v. Richmond Vivek Laboratories (P) Ltd. (2021) 181 TR (A) 192 (Hyd-Trib) : 2021 TaxPub(DT) 2220 (Hyd-Trib) 76 >>   
INCOME TAX : CASE LAW DIGESTS - Mapex Infrastructure (P). Ltd. v. Asstt. CIT & Ors. (2021) 181 TR (A) 183 (Cal-HC) : 2021 TaxPub(DT) 2073 (Cal-HC) 68 >>   
INCOME TAX : CASE LAW DIGESTS - Ponni Sugars (Erode) Ltd. v. Asstt. CIT (2021) 181 TR (A) 184 (Mad-HC) : 2020 TaxPub(DT) 4622 (Mad-HC) 69 >>   
INCOME TAX : CASE LAW DIGESTS - Pr. CIT v. Evalueserve.Com (P.) Ltd. (2021) 181 TR (A) 209 (Del-HC) : 2021 TaxPub(DT) 2046 (Del-HC) 93 >>   
INCOME TAX : CASE LAW DIGESTS - Pr. CIT v. Petrofiles Co-operative Ltd. (2021) 181 TR (A) 209 (Guj-HC) : 2021 TaxPub(DT) 2045 (Guj-HC) 94 >>   
INCOME TAX : CASE LAW DIGESTS - Pr. CIT v. Shankarlal Nebhumal Uttamchandani (2021) 181 TR (A) 211 (SC) : 2021 TaxPub(DT) 807 (SC) : (2021) 279 Taxman 326 (SC) 95 >>   
INCOME TAX : CASE LAW DIGESTS - Rahilkhnad Edu. Charitable Trust v. Pr. CIT & Ors. (2021) 181 TR (A) 198 (All-HC) : 2021 TaxPub(DT) 1815 (All-HC) 82 >>   
INCOME TAX : CASE LAW DIGESTS - Ranganna Ramanath v. ITO (2021) 181 TR (A) 207 (Bang-Trib) : 2021 TaxPub(DT) 1201 (Bang-Trib) 91 >>   
INCOME TAX : CASE LAW DIGESTS - Shilpraj Developers (P) Ltd. v. ITO (2021) 181 TR (A) 213 (Sur-Trib) : 2021 TaxPub(DT) 1630 (Surat Bench) 97 >>   
INCOME TAX : CASE LAW DIGESTS - Sunil B. Vorani v. ITO (2021) 181 TR (A) 212 (Mum-Trib) : 2021 TaxPub(DT) 1791 (Mum-Trib) 96 >>   
INCOME TAX : CASE LAW DIGESTS - Supermax Personal Care (P) Ltd. v. Dy. CIT (2021) 181 TR (A) 203 (Mum-Trib) : 2021 TaxPub(DT) 2245 (Mum-Trib) 88 >>   
INCOME TAX : CASE LAW DIGESTS - Swatarup Banerjee & Ors. v. ITO (2021) 181 TR (A) 185 (Cal-HC) : 2020 TaxPub(DT) 4065 (Cal-HC) 69 >>   
INCOME TAX : CASE LAW DIGESTS - Tata Sky Ltd. v. Asstt. CIT (2021) 181 TR (A) 187 (Mum-Trib) : 2020 TaxPub(DT) 3947 (Mum-Trib) : (2020) 208 TTJ (Mum-Trib) 194 72 >>   
INCOME TAX : CASE LAW DIGESTS - Vishanji Khimji Karani v. Asstt. CIT (2021) 181 TR (A) 195 (Hyd-Trib) : 2020 TaxPub(DT) 4877 (Hyd-Trib) 80 >>   
CORPORATE LAWS & GST : NEWS YOU CAN USE - MCA : MCA is working to issue code of conduct for creditors under IBC; Verma 100 >>   
CORPORATE LAWS & GST : NEWS YOU CAN USE - GST collection in August at over Rs 1.12 trillion; Govt 101 >>   
CORPORATE LAWS & GST : STATUTES - Central Goods and Services Tax (Seventh Amendment) Rules, 2021 -- Notification No. 32/2021 -- Central Tax, dtd. 29-8-2021 [F. No. CBIC-20006/24/2021-GST] 104 >>   
CORPORATE LAWS & GST : STATUTES - Further amendments in Notification No. 76/2018 -- Central Tax, dated 31st December, 2018 -- Notification No. 33/2021 -- Central Tax, dtd. 29-8-2021 [F. No. CBIC-20006/24/2021-GST] 105 >>   
CORPORATE LAWS & GST : STATUTES - Time Limit for Making an Application of Revocation of Cancellation of Registration under Sub-Section (1) of Section 30 Extended upto the 30th day of September, 2021 -- Notification No. 34/2021 -- Central Tax, dtd. 29-8-20 105 >>   
CORPORATE LAWS & GST : ARTICLES - Aadhar Authentication and Registration under GST -- S. SWAMINATHAN 107 >>   
CORPORATE LAWS & GST : ARTICLES - Payment of Gratuity Under New Code on Social Security -- TAXPUB CREATIVE CELL 110 >>   
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