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TR Vol-198 Issue-2, 15-Apr-2025
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INCOME TAX : NEWS YOU CAN USE - DTVVS, 2024 : Direct Tax Vivad se Vishwas Scheme, 2024: April 30 last date for declaration of tax arrears 2 >>   
INCOME TAX : NEWS YOU CAN USE - Income Tax Bill : Digital footprint to become key tool under new IT Bill 3 >>   
INCOME TAX : NEWS YOU CAN USE - Income Tax Department : CAs, taxpayers push back after Income Tax dept sends rebate notices 4 >>   
INCOME TAX : NEWS YOU CAN USE - Income Tax Return : Finance ministry notifies form ITR-B to report undisclosed incomes 5 >>   
INCOME TAX : NEWS YOU CAN USE - NCLT : Karnataka HC lifts NCLT freeze on Aakash Educational Services stake sale 5 >>   
INCOME TAX : NEWS YOU CAN USE - NCLT : RCap lenders withdraw petition against IndusInd International Holdings at NCLAT 6 >>   
INCOME TAX : NEWS YOU CAN USE - Gold Monetisation Scheme : Govt. withdraws gold monetisation scheme, short-term deposits to continue 7 >>   
INCOME TAX : NEWS YOU CAN USE - GST : 5% GST for restaurants with non-specified premises: Finance Ministry 8 >>   
INCOME TAX : NEWS YOU CAN USE - GST : GoM reviewing GST on farm equipment and inputs: FM Nirmala Sitharaman 9 >>   
INCOME TAX : NEWS YOU CAN USE - GST : GST collections rise 9.9% to exceed Rs 1.96 trillion in March 2025 10 >>   
INCOME TAX : NEWS YOU CAN USE - GST : SC to hear pleas challenging retrospective tax on online gaming from May 5 10 >>   
INCOME TAX : STATUTES - Order Under Section 119 of the Income Tax Act, 1961 for Waiver on Levy of Interest Under Section 201(1A)(ii)/206C(7) of the Act, as the Case May be, in Specific Cases, Regarding—Circular No. 5/2025, dtd. 28-3-2025 [F. No.275/ 92/20 12 >>   
INCOME TAX : STATUTES - Section 10(46)—Exemption to Specified Income of Notified Body/Authority/ Board/ Trusts/Community—Karnataka Urban Water Supply & Drainage Board, Bangalore—Notification No. 24/2025, 28-3-2025 [F. No. 300196/61/ 2024-ITA-I] 13 >>   
INCOME TAX : STATUTES - Section 139AA(2A)—Intimation of Aadhaar Number if PAN is Allotted on Basis of Enrolment ID of Aadhaar Application—Notification No. 26/2025, dtd. 3-4-2025 [F. No. 370142/1/2025-TPL] 13 >>   
INCOME TAX : STATUTES - Section 197A(1F)—Non Deduction of Tax under section 194EE on Payment of Amount Referred to in Section 80CCA(2)(a)—Notification No. 27/2025, dtd. 4-4-2025 [F. No. 370142/13/2025-TPL] 13 >>   
INCOME TAX : STATUTES - Section 10(46)—Exemption to Specified Income of Notified Body/Authority/ Board/ Trusts/Community—Greater Mohali Area Development Authority—Notification No. 28/2025, dtd. 7-4-2025 [F. No. 300195/3/2024-ITA-I] 14 >>   
INCOME TAX : STATUTES - Section 10(46)—Exemption to Specified Income of Notified Body/Authority/ Board/ Trusts/Community—Prayagraj Mela Pradhikaran, Prayagraj—Notification No. 29/2025, dtd. 7-4-2025 [F. No. 300195/29/2024-ITA-I] 14 >>   
INCOME TAX : STATUTES - Section 54EC—HUDCO Bonds Notified as Long-Term Specified Asset—Notification No. 31/2025, dtd. 7-4-2025 [F. No. 225/06/2024/ITA-II 14 >>   
INCOME TAX : STATUTES - Section 89(l)(1)—Direct Tax Vivad se Vishwas Scheme, 2024—Last date for Declaration in Respect of Tax Arrear Notified—Notification No. 32/2025, dtd. 8-4-2025 [F. No. 370142/9/2025-TPL] 15 >>   
INCOME TAX : STATUTES - Revision of Interest Rates For Small Savings Schemes—Office Memorandum, dtd. 28-3-2025 [F. No. 1/4/2019-NS] 15 >>   
INCOME TAX : STATUTES - CBDT Notifies Amendments in Income Tax Rules, 1962 to Expand the Scope of Safe Harbour Rules—Press Release, dtd. 25-3-2025 15 >>   
INCOME TAX : STATUTES - CBDT Signs 174 Advance Pricing Agreements in FY 2024-25—Press Release, dtd. 31-3-2025 15 >>   
INCOME TAX : STATUTES - Income Tax (Sixth Amendment) Rules, 2025—Safe Harbour Rules for International Transaction—Amendment in Rule 10TA, 10TD and 10TE—Notification No. 21/2025, dtd. 25-3-2025 [F. No. 370142/6/2025-TPL] 16 >>   
INCOME TAX : STATUTES - Income Tax (Seventh Amendment) Rules, 2025—Amendment of Quarterly Statement of TDS in Form 26Q and Form 27Q—Notification No. 22/2025, dtd. 27-3-2025 [F. No. 370142/08/2025-TPL] 17 >>   
INCOME TAX : STATUTES - Income Tax (Eighth Amendment) Rules, 2025—Amendment in Part B of Form 3CD—Notification No. 23/2025, dtd. 28-3-2025 [F. No. 370142/10/2025-TPL] 17 >>   
INCOME TAX : STATUTES - Income Tax (Ninth Amendment) Rules, 2025—Insertion to Sub-Rule (5AA) in Rule 114—Intimation of Aadhaar Number Where PAN is Allotted on Basis of Aadhaar Enrolment ID—Notification No. 25/2025, dtd. 3-4-2025 [F. No. 370142/1/2025-TPL] 19 >>   
INCOME TAX : STATUTES - Income Tax (Tenth Amendment) Rules, 2025—Insertion of Rule 12AE—Form ITR B Notified for Furnishing Return for Block Assessment—Notification No. 30/2025, dtd. 7-4-2025 [F. No. 370142/29/2024-TPL] 20 >>   
INCOME TAX : PRACTICE UPDATE - Meaning of ‘Information’ for the Purpose of Initiating Reassessment Proceedings—V.K. SUBRAMANI 22 >>   
INCOME TAX : ARTICLES - Reinvestment Provisions Under Section 54 Qua Property or Qua Capital Gains Computation—SRIVATSAN RANGANATHAN 24 >>   
INCOME TAX : ARTICLES - Offence Under Section 276CC of the Income Tax Act Is Committed as soon as There is Assessee’s Failure in Furnishing Return Within Due Time—KUSH KALRA 29 >>   
INCOME TAX : ARTICLES - Concept of Mutality v. Deduction Under Section 80P—CA. D. HARISCHANDRA RAMA 32 >>   
GST : ARTICLES - Blocking of ITC Ledger Without Providing Pre-Decisional Hearing—Validity of —CA. SATYADEV PUROHIT 37 >>   
GST : ARTICLES - Vehicle Taking Different Route Than Regular Route—Validity of Detention of Goods and Vehicle—V.N. DAMODAR 42 >>   
COMPANIES ACT, 2013 : ARTICLES - Removal of Managing Director—Legal Position and Practical Challenges—CS. PRAGYA LALWANI 47 >>   
COMPANIES ACT, 2013 : ARTICLES - MCA Eases Reverse Flipping—What Does it Mean for Start-ups ?—CS. RAKSHA SANKHLECHA 50 >>   
LABOUR LAWS : ARTICLES - New Labour Laws in India—The Proposed Changes to Working Hours—CS. PRAGYA LALWANI 52 >>   
INCOME TAX : CASE LAW DIGESTS - 3A Composites India (P) Ltd. v. Asstt. CIT (2025) 198 TR (A) 183 (Mum-Trib) : 2024 TaxPub(DT) 6256 (Mum-Trib) 68 >>   
INCOME TAX : CASE LAW DIGESTS - ACIT v. Emerging Markets Ltd. (2025) 198 TR (A) 178 (Mum-Trib) : 2024 TaxPub(DT) 6243 (Mum-Trib) 63 >>   
INCOME TAX : CASE LAW DIGESTS - Asian Paints Ltd. v. Dy. CIT (2025) 198 TR (A) 173 (Mum-Trib) : 2024 TaxPub(DT) 1247 (Mum-Trib) 58 >>   
INCOME TAX : CASE LAW DIGESTS - Asstt. CIT (E) v. Navratan Vidha Mandir Shiksha Samiti (2025) 198 TR (A) 177 (JP-Trib) : 2024 TaxPub(DT) 6203 (Jp-Trib) 61 >>   
INCOME TAX : CASE LAW DIGESTS - Asstt. CIT v. Beach Minerals Sands Co. (2025) 198 TR (A) 204 (Chen-Trib) : 2024 TaxPub(DT) 6437 (Chenn-Trib) 88 >>   
INCOME TAX : CASE LAW DIGESTS - Boston Consulting Group (India) (P) Ltd. v. Dy. CIT (2025) 198 TR (A) 209 (Mum-Trib) : 2024 TaxPub(DT) 2342 (Mum-Trib) 94 >>   
INCOME TAX : CASE LAW DIGESTS - Britannia Industries Ltd. v. Pr. CIT (2025) 198 TR (A) 193 (Kol-Trib) : 2024 TaxPub(DT) 1163 (Kol-Trib) 77 >>   
INCOME TAX : CASE LAW DIGESTS - CIT v. Birlasoft Ltd. (2025) 198 TR (A) 175 (Del-HC) : 2024 TaxPub(DT) 6615 (Del-HC) : (2025) 472 ITR 170 (Del) 59 >>   
INCOME TAX : CASE LAW DIGESTS - CIT v. Shriram Chits Tamilnadu (P) Ltd. (2025) 198 TR (A) 185 (Mad-HC) : 2024 TaxPub(DT) 6205 (Mad-HC) 69 >>   
INCOME TAX : CASE LAW DIGESTS - CIT v. Tushira Industries (2025) 198 TR (A) 174 (Karn-HC) : 2024 TaxPub(DT) 6235 (Karn-HC) 59 >>   
INCOME TAX : CASE LAW DIGESTS - DBS Bank Ltd. v. Dy. CIT (2025) 198 TR (A) 180 (Mum 'I'-Trib) : 2024 TaxPub(DT) 6389 (Mum-Trib) 65 >>   
INCOME TAX : CASE LAW DIGESTS - Delta Air Lines, Inc. v. Asstt. CIT (2025) 198 TR (A) 210 (Mum-Trib) : 2024 TaxPub(DT) 6053 (Mum-Trib) 94 >>   
INCOME TAX : CASE LAW DIGESTS - Dy. CIT v. Indus Biotech (P) Ltd. (2025) 198 TR (A) 191 (Pun-Trib) : 2024 TaxPub(DT) 6290 (Pune-Trib) 75 >>   
INCOME TAX : CASE LAW DIGESTS - Dy. CIT v. Kruti Lalitkumar Jain (2025) 198 TR (A) 179 (Pun-Trib) : 2024 TaxPub(DT) 6296 (Pune-Trib) 63 >>   
INCOME TAX : CASE LAW DIGESTS - Dy. CIT v. Welspun Steel Ltd. (2025) 198 TR (A) 181 (Mum-Trib) : 2024 TaxPub(DT) 1240 (Mum-Trib) : (2024) 114 ITR (Trib) 107 (Mum-Trib) 65 >>   
INCOME TAX : CASE LAW DIGESTS - Edunxt Global Sdn Bhd v. Dy. CIT (2025) 198 TR (A) 203 (Bang-Trib) : 2024 TaxPub(DT) 6283 (Bang-Trib) 88 >>   
INCOME TAX : CASE LAW DIGESTS - Genpact India (P) Ltd. v. Dy. CIT (2025) 198 TR (A) 176 (Del-Trib) : 2024 TaxPub(DT) 2259 (Del-Trib) 60 >>   
INCOME TAX : CASE LAW DIGESTS - Goldbricks Infrastructure (P) Ltd. v. Asstt. CIT (2025) 198 TR (A) 186 (Rpr-Trib) : 2024 TaxPub(DT) 6804 (Rpr-Trib) 70 >>   
INCOME TAX : CASE LAW DIGESTS - International Education & Research Foundation v. Dy. CIT (2025) 198 TR (A) 210 (Ahd-Trib) : 2024 TaxPub(DT) 1190 (Ahd-Trib) 94 >>   
INCOME TAX : CASE LAW DIGESTS - ITC Ltd. v. Asstt. CIT (2025) 198 TR (A) 172 (Kol-Trib) : 2024 TaxPub(DT) 2553 (Kol-Trib) 57 >>   
INCOME TAX : CASE LAW DIGESTS - Koteshwardeo Vishwasth v. CIT(E) (2025) 198 TR (A) 199 (Pun-Trib) : 2024 TaxPub(DT) 6561 (Pune-Trib) 83 >>   
INCOME TAX : CASE LAW DIGESTS - Madhya Pradesh Industrial Development Corpn. v. Central Board of Direct Taxes & Ors. (2025) 198 TR (A) 204 (MP-HC) : 2024 TaxPub(DT) 6297 (MP-HC) 89 >>   
INCOME TAX : CASE LAW DIGESTS - MSN Pharmachem (P) Ltd. v. Asstt. CIT (2025) 198 TR (A) 205 (Hyd-Trib) : 2024 TaxPub(DT) 6118 (Hyd-Trib) 89 >>   
INCOME TAX : CASE LAW DIGESTS - Mukul Rani Thakur v. Dy. CIT (2025) 198 TR (A) 201 (Del-Trib) : 2024 TaxPub(DT) 6317 (Del-Trib) 86 >>   
INCOME TAX : CASE LAW DIGESTS - Neha Wadhwa v. ITO (2025) 198 TR (A) 195 (JP-Trib) : 2024 TaxPub(DT) 6884 (Jp-Trib) 79 >>   
INCOME TAX : CASE LAW DIGESTS - Pr. CIT v. G-Tekt India (P) Ltd. (2025) 198 TR (A) 198 (Del-HC) : 2024 TaxPub(DT) 6365 (Del-HC) 82 >>   
INCOME TAX : CASE LAW DIGESTS - Pracheen Shri Aggarwal Digamber Jain Panchayat v. CIT(E) (2025) 198 TR (A) 199 (Del-Trib) : 2024 TaxPub(DT) 6132 (Del-Trib) 84 >>   
INCOME TAX : CASE LAW DIGESTS - Prarthana Gems v. Dy. CIT (2025) 198 TR (A) 193 (Srt-Trib) : 2024 TaxPub(DT) 6134 (Srt-Trib) 78 >>   
INCOME TAX : CASE LAW DIGESTS - Rakesh Kumar Saini v. Power Finance Corpn. Ltd. (2025) 198 TR (A) 192 (Del-HC) : 2024 TaxPub(DT) 6336 (Del-HC) 77 >>   
INCOME TAX : CASE LAW DIGESTS - S.R. Ingots (P) Ltd. v. Asstt. CIT (2025) 198 TR (A) 200 (Rpr-Trib) : 2024 TaxPub(DT) 6937 (Rpr-Trib) 84 >>   
INCOME TAX : CASE LAW DIGESTS - Sanjay Bhandari v. ITO (2025) 198 TR (A) 171 (Del-HC) : 2024 TaxPub(DT) 6152 (Del-HC) 55 >>   
INCOME TAX : CASE LAW DIGESTS - Sanjay Singal v. Dy. CIT (2025) 198 TR (A) 195 (Chd-Trib) : 2024 TaxPub(DT) 6180 (Chd-Trib) 80 >>   
INCOME TAX : CASE LAW DIGESTS - Shah Tobacco Trading Co. v. Addl./Jt./Dy./Asstt. CIT & Anr. (2025) 198 TR (A) 194 (Guj-HC) : 2024 TaxPub(DT) 6161 (Guj-HC) 79 >>   
INCOME TAX : CASE LAW DIGESTS - Shri Akhil Bhartiya Pashwachandra Jain Charitable Trust v. CIT(E) (2025) 198 TR (A) 177 (Raj-Trib) : 2024 TaxPub(DT) 6167 (Rkt-Trib) 62 >>   
INCOME TAX : CASE LAW DIGESTS - Shrishaila Mallikarjun Traders v. ITO (2025) 198 TR (A) 212 (Bang-Trib) : 2024 TaxPub(DT) 6398 (Bang-Trib) 96 >>   
INCOME TAX : CASE LAW DIGESTS - Silver Oak Buildcon (P) Ltd. v. Asstt. CIT (2025) 198 TR (A) 211 (Pun-Trib) : 2025 TaxPub(DT) 490 (Pune-Trib) 96 >>   
INCOME TAX : CASE LAW DIGESTS - Social Realtors (P) Ltd. v. Asstt. CIT (2025) 198 TR (A) 208 (Del-Trib) : 2024 TaxPub(DT) 6347 (Del-Trib) 92 >>   
INCOME TAX : CASE LAW DIGESTS - V. Sathyamoorthy & Co. v. Dy. CIT (2025) 198 TR (A) 197 (Chen-Trib) : 2024 TaxPub(DT) 6237 (Chenn-Trib) 81 >>   
INCOME TAX : CASE LAW DIGESTS - Virendra Amrutlal Patel v. Asstt. CIT (2025) 198 TR (A) 200 (Guj-HC) : 2024 TaxPub(DT) 6251 (Guj-HC) 85 >>   
INTERNATIONAL TAXATION : CASE LAW DIGESTS - Asstt. CIT v. LX Pantos India (P) Ltd. (2025) 198 TR (B) 228 (Del-Trib) : 2024 TaxPub(DT) 2563 (Del-Trib) 113 >>   
INTERNATIONAL TAXATION : CASE LAW DIGESTS - Benetton India (P) Ltd. v. Asstt. CIT (2025) 198 TR (B) 220 (Del-Trib) : 2024 TaxPub(DT) 4168 (Del-Trib) 105 >>   
INTERNATIONAL TAXATION : CASE LAW DIGESTS - Bently Nevada LLC v. Asstt. CIT (2025) 198 TR (B) 213 (Del-Trib) : 2024 TaxPub(DT) 6268 (Del-Trib) 97 >>   
INTERNATIONAL TAXATION : CASE LAW DIGESTS - Benu Networks Packet Switch (P) Ltd. v. Dy. CIT (2025) 198 TR (B) 221 (Hyd-Trib) : 2024 TaxPub(DT) 6306 (Hyd-Trib) 105 >>   
INTERNATIONAL TAXATION : CASE LAW DIGESTS - Boston Consulting Group (India) (P) Ltd. v. Dy. CIT (2025) 198 TR (B) 223 (Mum-Trib) : 2024 TaxPub(DT) 2342 (Mum-Trib) 107 >>   
INTERNATIONAL TAXATION : CASE LAW DIGESTS - CIT (International Taxation) v. Salesforce.Com Singapore Pte. Ltd. (2025) 198 TR (B) 219 (Del-HC) : 2024 TaxPub(DT) 3751 (Del-HC) : (2024) 465 ITR 257 (Del) 104 >>   
INTERNATIONAL TAXATION : CASE LAW DIGESTS - CIT v. Birlasoft Ltd. (2025) 198 TR (B) 226 (Del-HC) : 2024 TaxPub(DT) 6615 (Del-HC) : (2025) 472 ITR 170 (Del) 111 >>   
INTERNATIONAL TAXATION : CASE LAW DIGESTS - Delta Air Lines, Inc. v. Asstt. CIT (2025) 198 TR (B) 218 (Mum-Trib) : 2024 TaxPub(DT) 6053 (Mum-Trib) 103 >>   
INTERNATIONAL TAXATION : CASE LAW DIGESTS - Digicert Inc. v. ITO (2025) 198 TR (B) 214 (Del-Trib) : 2024 TaxPub(DT) 6453 (Del-Trib) 99 >>   
INTERNATIONAL TAXATION : CASE LAW DIGESTS - Dy. CIT v. Doosan Power Systems India (P) Ltd. (2025) 198 TR (B) 230 (Chen-Trib) : 2024 TaxPub(DT) 6279 (Chenn-Trib) 115 >>   
INTERNATIONAL TAXATION : CASE LAW DIGESTS - Dy. CIT v. HP India Sales (P) Ltd. (2025) 198 TR (B) 220 (Bang-Trib) : 2024 TaxPub(DT) 6287 (Bang-Trib) 104 >>   
INTERNATIONAL TAXATION : CASE LAW DIGESTS - Dy. CIT v. Invida India (P) Ltd. (2025) 198 TR (B) 222 (Ahd-Trib) : 2024 TaxPub(DT) 3006 (Ahd-Trib) 106 >>   
INTERNATIONAL TAXATION : CASE LAW DIGESTS - Enkay India Rubber Co. (P) Ltd. v. Asstt. CIT (2025) 198 TR (B) 231 (Del-Trib) : 2024 TaxPub(DT) 6058 (Del-Trib) 116 >>   
INTERNATIONAL TAXATION : CASE LAW DIGESTS - Gemological Research (Thailand) Co. Ltd. v. Asstt. CIT (2025) 198 TR (B) 219 (Mum-Trib) : 2024 TaxPub(DT) 5211 (Mum-Trib) 103 >>   
INTERNATIONAL TAXATION : CASE LAW DIGESTS - Goldbricks Infrastructure (P) Ltd. v. Asstt. CIT (2025) 198 TR (B) 227 (Rpr-Trib) : 2024 TaxPub(DT) 6804 (Rpr-Trib) 112 >>   
INTERNATIONAL TAXATION : CASE LAW DIGESTS - Herbert Smith Free LLP v. Dy. CIT (2025) 198 TR (B) 217 (Del-Trib) : 2024 TaxPub(DT) 1744 (Del-Trib) 102 >>   
INTERNATIONAL TAXATION : CASE LAW DIGESTS - International Education & Research Foundation v. Dy. CIT (2025) 198 TR (B) 229 (Ahd-Trib) : 2024 TaxPub(DT) 1190 (Ahd-Trib) 114 >>   
INTERNATIONAL TAXATION : CASE LAW DIGESTS - ITC Ltd. v. Asstt. CIT (2025) 198 TR (B) 230 (Kol-Trib) : 2024 TaxPub(DT) 2553 (Kol-Trib) 114 >>   
INTERNATIONAL TAXATION : CASE LAW DIGESTS - Lionbridge Technologies LLC v. Dy. CIT (International Taxation) & Anr. (2025) 198 TR (B) 213 (Del-HC) : 2024 TaxPub(DT) 3750 (Del-HC) : (2024) 465 ITR 454 (Del) 98 >>   
INTERNATIONAL TAXATION : CASE LAW DIGESTS - LNRS Data Services Ltd. v. Asstt. CIT (2025) 198 TR (B) 215 (Del-Trib) : 2024 TaxPub(DT) 6500 (Del-Trib) 99 >>   
INTERNATIONAL TAXATION : CASE LAW DIGESTS - Murex Southeast Asia (P) Ltd. v. Dy. CIT (2025) 198 TR (B) 216 (Mum-Trib) : 2025 TaxPub(DT) 485 (Mum-Trib) 101 >>   
INTERNATIONAL TAXATION : CASE LAW DIGESTS - OTIS Elevator Co. (India) Ltd. v. Assessment Unit, ITD (2025) 198 TR (B) 221 (Mum-Trib) : 2024 TaxPub(DT) 6395 (Mum-Trib) 106 >>   
INTERNATIONAL TAXATION : CASE LAW DIGESTS - Panacea Boitec Ltd. v. Addl. CIT (2025) 198 TR (B) 227 (Del 'I'-Trib) : 2024 TaxPub(DT) 2766 (Del-Trib) 111 >>   
INTERNATIONAL TAXATION : CASE LAW DIGESTS - Pr. CIT v. Ciena Communications India (P) Ltd. (2025) 198 TR (B) 231 (Del-HC) : 2024 TaxPub(DT) 6448 (Del-HC) 115 >>   
INTERNATIONAL TAXATION : CASE LAW DIGESTS - Skaps Industries India (P) Ltd. v. ITO (2025) 198 TR (B) 232 (Ahd-Trib) : 2024 TaxPub(DT) 6688 (Ahd-Trib) 116 >>   
INTERNATIONAL TAXATION : CASE LAW DIGESTS - Surendra Kumar Goenka v. ADIT (2025) 198 TR (B) 216 (Kol-Trib) : 2025 TaxPub(DT) 177 (Kol-Trib) 100 >>   
INTERNATIONAL TAXATION : CASE LAW DIGESTS - TSYS Card Tech Ltd. v. Dy. CIT (2025) 198 TR (B) 218 (Del-Trib) : 2025 TaxPub(DT) 251 (Del-Trib) 102 >>   
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