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TR Vol-174 Issue-8, 24 Aug 2020
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INCOME TAX : NEWS YOU CAN USE - E-Assessment : Govt modifies e-assessment scheme after PM unveils Taxpayers' Charter 2 >>   
INCOME TAX : NEWS YOU CAN USE - National Pension System : FinMin says NSDL will create awareness about National Pension System 2 >>   
INCOME TAX : NEWS YOU CAN USE - Taxpayer Information : Income Tax dept adds new features in 26AS Form to help taxpayers 3 >>   
INCOME TAX : NEWS YOU CAN USE - Tax Tracker : FinMin defends proposal to bring some expenditures under I-T scanner 3 >>   
INCOME TAX : NEWS YOU CAN USE - Rs 20,000 hotel bill, Rs 50,000 insurance premium may come under I-T lens 5 >>   
INCOME TAX : STATUTES - Guidelines for the Implementation of Faceless Assessment Scheme, 2019—Guidelines dtd. 14-8-2020 [F.No.173/ 165/2020-ITA-I] 7 >>   
INCOME TAX : STATUTES - Section 120—Income Tax Authorities—Jurisdiction Under Faceless Assessment Scheme—Notification No. 64/2020, dtd. 13-8-2020 [F. No. 187/3/2020-ITA-I] 11 >>   
INCOME TAX : STATUTES - Section 120—Income Tax Authorities—Jurisdiction Under Faceless Assessment Scheme—Notification No. 65/2020, dtd. 13-8-2020 [F.No. 187/3/2020-ITA-I] 11 >>   
INCOME TAX : STATUTES - Income Tax Department Conducts Searches in Bhopal—Press Release, dtd. 21-8-2020 12 >>   
INCOME TAX : STATUTES - Income Tax (20th Amendment) Rules, 2020—Insertion of Rules 2DB and 2DC—Insertion of Form Nos. 10BBA to 10BBC—Notification No. 67/2020, dtd. 17-8-2020 [F. No. 370142/28/2020-TPL] 12 >>   
INCOME TAX : ARTICLES - All About Faceless Assessment Scheme, 2019—CA. MANOJ GUPTA 19 >>   
INCOME TAX : ARTICLES - Power of ITAT to Grant Stay Only with Pre-Deposit of Tax Dues—SRIVATSAN RANGNATHAN 34 >>   
INCOME TAX : ARTICLES - Non-Rejection of the Explanation in the Assessment Order—Whether Re-Assessment Possible Later—AKHILESH KUMAR SAH 41 >>   
INCOME TAX : CASE LAW DIGESTS - Aarthi Mahesh Jain v. ITO (2020) 174 TR (A) 861 (Chen-Trib) : 2020 TaxPub(DT) 1835 (Chenn-Trib) 48 >>   
INCOME TAX : CASE LAW DIGESTS - Asstt. CIT & Anr. v. NIIT Technologies Ltd. & Anr. (2020) 174 TR (A) 862 (New Del 'E'-Trib) : 2020 TaxPub(DT) 1029 (Del 'E'-Trib) : (2020) 79 ITR (Trib) 60 (Del 'E'-Trib) 49 >>   
INCOME TAX : CASE LAW DIGESTS - Asstt. CIT v. Indiabulls Real Estate Ltd. (2020) 174 TR (A) 867 (Del-Trib) : 2020 TaxPub(DT) 1826 (Del-Trib) 54 >>   
INCOME TAX : CASE LAW DIGESTS - Asstt. CIT v. Narendra N. Thakkar (2020) 174 TR (A) 890 (Ahm-Trib) : 2020 TaxPub(DT) 1436 (Ahd-Trib) 76 >>   
INCOME TAX : CASE LAW DIGESTS - Auto Fuel Centre v. Jt. CIT (2020) 174 TR (A) 908 (Kol-Trib) : 2020 TaxPub(DT) 1745 (Kol-Trib) 93 >>   
INCOME TAX : CASE LAW DIGESTS - B.R. Associates (P) Ltd. v. ACIT (2020) 174 TR (A) 866 (Del-Trib) : 2020 TaxPub(DT) 2076 (Del-Trib) 53 >>   
INCOME TAX : CASE LAW DIGESTS - Basic Shiksha Adhikari Serve Shiksha Abhiyan & District Primary Education Programme III v. ITO (2020) 174 TR (A) 892 (Lkw-Trib) : 2020 TaxPub(DT) 1749 (Luck-Trib) 78 >>   
INCOME TAX : CASE LAW DIGESTS - Bombay Real Estate Development Co. (P) Ltd. v. ACIT (2020) 174 TR (A) 864 (Mum-Trib) : 2020 TaxPub(DT) 1867 (Mum-Trib) 51 >>   
INCOME TAX : CASE LAW DIGESTS - BT India (P) Ltd. v. ITO (2020) 174 TR (A) 906 (Del-HC) : 2020 TaxPub(DT) 1874 (Del-HC) 91 >>   
INCOME TAX : CASE LAW DIGESTS - CESC Ltd. & Anr. v. ITO (TDS) (2020) 174 TR (A) 893 (Cal-HC) : 2020 TaxPub(DT) 1103 (Cal-HC) 79 >>   
INCOME TAX : CASE LAW DIGESTS - Chirayinkeezhu Service Co-operative Bank Ltd. v. ITO (2020) 174 TR (A) 896 (Ker-HC) : 2020 TaxPub(DT) 1715 (Ker-HC) 82 >>   
INCOME TAX : CASE LAW DIGESTS - CIT v. A. Jagadeeswari (2020) 174 TR (A) 886 (Mad-HC) : 2020 TaxPub(DT) 1582 (Mad-HC) 71 >>   
INCOME TAX : CASE LAW DIGESTS - CIT v. M.P. Rajya Van Vikas Nigam (2020) 174 TR (A) 898 (MP-HC) : 2020 TaxPub(DT) 1896 (MP-HC) 84 >>   
INCOME TAX : CASE LAW DIGESTS - CIT v. Syndicate Bank (2020) 174 TR (A) 871 (Karn-HC) : 2020 TaxPub(DT) 1313 (Karn-HC) 57 >>   
INCOME TAX : CASE LAW DIGESTS - D.R. Kumaraswamy v. ITO (2020) 174 TR (A) 880 (Bang-Trib) : 2020 TaxPub(DT) 2207 (Bang-Trib) 66 >>   
INCOME TAX : CASE LAW DIGESTS - DCIT v. Sportking India Ltd. (2020) 174 TR (A) 905 (Chan-Trib) : 2020 TaxPub(DT) 1120 (Chd-Trib) 90 >>   
INCOME TAX : CASE LAW DIGESTS - Dy. CIT v. Kolkata Port Trust (2020) 174 TR (A) 859 (Kol-Trib) : 2020 TaxPub(DT) 1259 (Kol-Trib) 46 >>   
INCOME TAX : CASE LAW DIGESTS - Dy. CIT v. Lodha Builders (P.) Ltd. (2020) 174 TR (A) 897 (Mum-Trib) : 2020 TaxPub(DT) 1283 (Mum-Trib) 83 >>   
INCOME TAX : CASE LAW DIGESTS - Dy. CIT v. Marvel Dyers & Processors (P) Ltd. (2020) 174 TR (A) 898 (Chan-Trib) : 2020 TaxPub(DT) 1084 (Chd-Trib) 83 >>   
INCOME TAX : CASE LAW DIGESTS - Dy. CIT v. Reliance Industries Ltd. (2020) 174 TR (A) 900 (Mum-Trib) : 2020 TaxPub(DT) 1859 (Mum-Trib) 85 >>   
INCOME TAX : CASE LAW DIGESTS - Hill Point Investment & Finance (P) Ltd. v. ITO (2020) 174 TR (A) 896 (Mum-Trib) : 2020 TaxPub(DT) 1908 (Mum-Trib) 81 >>   
INCOME TAX : CASE LAW DIGESTS - Hueco Electronics (I) (P) Ltd. v. Dy. CIT (2020) 174 TR (A) 874 (Pune-Trib) : 2020 TaxPub(DT) 947 (Pune-Trib) 60 >>   
INCOME TAX : CASE LAW DIGESTS - Infrastructure Leasing & Financial Services Ltd. v. JCIT (2020) 174 TR (A) 897 (Mum-Trib) : 2020 TaxPub(DT) 1074 (Mum-Trib) 82 >>   
INCOME TAX : CASE LAW DIGESTS - ITO v. Jignesh R. Kapasi (2020) 174 TR (A) 883 (Mum-Trib) : 2020 TaxPub(DT) 1930 (ITAT-Mum) 69 >>   
INCOME TAX : CASE LAW DIGESTS - ITO v. R. Gunaseelan (2020) 174 TR (A) 899 (Chen-Trib) : 2020 TaxPub(DT) 2139 (Chenn-Trib) 84 >>   
INCOME TAX : CASE LAW DIGESTS - ITO v. Swati Housing & Construction (P) Ltd. (2020) 174 TR (A) 872 (Del-Trib) : 2020 TaxPub(DT) 1022 (Del 'G'-Trib) : (2020) 180 ITD 854 (Del 'G'-Trib) 59 >>   
INCOME TAX : CASE LAW DIGESTS - Jay Kumar Singh v. Pr. CIT & Ors. (2020) 174 TR (A) 895 (MP-HC) : 2020 TaxPub(DT) 1152 (MP-HC) 81 >>   
INCOME TAX : CASE LAW DIGESTS - Kasani Gnaneshwar v. ACIT (2020) 174 TR (A) 858 (Hyd-Trib) : 2020 TaxPub(DT) 1935 (ITAT- Hyd) 45 >>   
INCOME TAX : CASE LAW DIGESTS - Kaushikbhai Chhotalal Dalwadi v. ITO (2020) 174 TR (A) 902 (Ahd-Trib) : 2020 TaxPub(DT) 2427 (Ahd-Trib) 87 >>   
INCOME TAX : CASE LAW DIGESTS - Krupa Trading Co. v. ITO (2020) 174 TR (A) 868 (Mad-HC) : 2020 TaxPub(DT) 1714 (Mad-HC) 55 >>   
INCOME TAX : CASE LAW DIGESTS - KS Commodities (P) Ltd. v. DCIT (2020) 174 TR (A) 875 (Del-Trib) : 2020 TaxPub(DT) 106 (Del-Trib) 61 >>   
INCOME TAX : CASE LAW DIGESTS - Lata Agarwal v. DCIT (2020) 174 TR (A) 904 (Jai-Trib) : 2020 TaxPub(DT) 1114 (Jp-Trib) 89 >>   
INCOME TAX : CASE LAW DIGESTS - Mahawar Vaishya Sewa Sanstha v. CIT (E) (2020) 174 TR (A) 864 (Jai-Trib) : 2020 TaxPub(DT) 1918 (ITAT Jaipur) 51 >>   
INCOME TAX : CASE LAW DIGESTS - Maple Logistics (P) Ltd. & Anr. v. Pr. CIT & Anr. (2020) 174 TR (A) 894 (Del-HC) : 2020 TaxPub(DT) 2110 (Del-HC) 80 >>   
INCOME TAX : CASE LAW DIGESTS - Mariam Education Society v. CIT (2020) 174 TR (A) 863 (Del-Trib) : 2020 TaxPub(DT) 1825 (Del-Trib) 50 >>   
INCOME TAX : CASE LAW DIGESTS - Mathuri Pradip Kawdiya v. ACIT (2020) 174 TR (A) 858 (Ahm-Trib) : 2020 TaxPub(DT) 1934 (ITAT- Ahd) 46 >>   
INCOME TAX : CASE LAW DIGESTS - Morani Motors (P) Ltd. v. Asstt. CIT (2020) 174 TR (A) 870 (JP-Trib) : 2020 TaxPub(DT) 1991 (Jp-Trib) 56 >>   
INCOME TAX : CASE LAW DIGESTS - Mukesh Kumar Khaitan v. Asstt. CIT (2020) 174 TR (A) 903 (Kol-Trib) : 2020 TaxPub(DT) 1805 (Kol-Trib) 88 >>   
INCOME TAX : CASE LAW DIGESTS - N.S.S. Karayogam v. CIT (2020) 174 TR (A) 906 (Ker-HC) : 2020 TaxPub(DT) 1708 (Ker-HC) 91 >>   
INCOME TAX : CASE LAW DIGESTS - Nadakkal Service Co-Operative Bank Ltd. v. ITO (2020) 174 TR (A) 887 (Coch-Trib) : 2020 TaxPub(DT) 1700 (Coch-Trib) 72 >>   
INCOME TAX : CASE LAW DIGESTS - National Stock Exchange Investor Protection Fund Trust v. Dy. CIT (2020) 174 TR (A) 863 (Mum-Trib) : 2020 TaxPub(DT) 805 (Mum-Trib) 50 >>   
INCOME TAX : CASE LAW DIGESTS - Nimbus (India) Ltd. v. Dy. CIT (2020) 174 TR (A) 881 (Del-Trib) : 2020 TaxPub(DT) 1267 (Del-Trib) : (2020) 78 ITR (Trib) 688 (Del-Trib) 67 >>   
INCOME TAX : CASE LAW DIGESTS - Pr. CIT v. Ambuja Darla Kashlog Mangoo Transport Co-operative Society (2020) 174 TR (A) 895 (HP-HC) : 2020 TaxPub(DT) 1686 (HP-HC) 80 >>   
INCOME TAX : CASE LAW DIGESTS - Pr. CIT v. Dish TV India Ltd. (2020) 174 TR (A) 867 (Bom-HC) : 2020 TaxPub(DT) 1118 (Bom-HC) 54 >>   
INCOME TAX : CASE LAW DIGESTS - Pr. CIT v. Electro Urban Co-Operative Credit Society Ltd. (2020) 174 TR (A) 886 (Cal-HC) : 2020 TaxPub(DT) 1534 (Cal-HC) 72 >>   
INCOME TAX : CASE LAW DIGESTS - Pr. CIT v. Geetanjali Builders (P) Ltd. (2020) 174 TR (A) 900 (MP-HC) : 2020 TaxPub(DT) 1823 (MP-HC) 85 >>   
INCOME TAX : CASE LAW DIGESTS - Pr. CIT v. Harish Chandra (India) Ltd. (2020) 174 TR (A) 890 (P&H-HC) : 2020 TaxPub(DT) 2138 (P&H-HC) 75 >>   
INCOME TAX : CASE LAW DIGESTS - Pr. CIT v. Wockhardt Hospitals Ltd. (2020) 174 TR (A) 866 (Bom-HC) : 2020 TaxPub(DT) 1759 (Bom-HC) 52 >>   
INCOME TAX : CASE LAW DIGESTS - Pukhraj Lalchand Bagrecha v. ACIT (2020) 174 TR (A) 885 (Ahm-Trib) : 2020 TaxPub(DT) 1802 (Ahd-Trib) 71 >>   
INCOME TAX : CASE LAW DIGESTS - Raghuveer Metal Industries Ltd. v. Dy. CIT (2020) 174 TR (A) 884 (JP-Trib) : 2020 TaxPub(DT) 1619 (Jp-Trib) 70 >>   
INCOME TAX : CASE LAW DIGESTS - Rajah Sir Annamalai Chettiar Foundation v. Chief CIT (2020) 174 TR (A) 861 (Mad-HC) : 2020 TaxPub(DT) 1709 (Mad-HC) 48 >>   
INCOME TAX : CASE LAW DIGESTS - Rajasugumar Subramani v. ITO (2020) 174 TR (A) 880 (Bang-Trib) : 2020 TaxPub(DT) 857 (Bang-Trib) 66 >>   
INCOME TAX : CASE LAW DIGESTS - Ramphal Hooda v. ITO (2020) 174 TR (A) 879 (Del-Trib) : 2020 TaxPub(DT) 1414 (Del-Trib) 65 >>   
INCOME TAX : CASE LAW DIGESTS - Rekha Anil Duggad, Anil Gaherilal Duggad v. Dy. CIT (2020) 174 TR (A) 883 (Ahm-Trib) : 2020 TaxPub(DT) 1925 (ITAT- Ahd) 68 >>   
INCOME TAX : CASE LAW DIGESTS - Shiv Kumar Nayyar v. ITO (2020) 174 TR (A) 884 (Del-Trib) : 2020 TaxPub(DT) 2086 (Del-Trib) 69 >>   
INCOME TAX : CASE LAW DIGESTS - Sri Venkatesha Bottles v. Asstt. CIT (2020) 174 TR (A) 889 (Karn-HC) : 2020 TaxPub(DT) 1635 (Karn-HC) : (2020) 422 ITR 284 (Karn) 75 >>   
INCOME TAX : CASE LAW DIGESTS - Suneel Hirachand Shah v. ITO (2020) 174 TR (A) 893 (Mad-HC) : 2020 TaxPub(DT) 1129 (Mad-HC) 78 >>   
INCOME TAX : CASE LAW DIGESTS - Tamil Nadu Fisheries Development Corporation Ltd. v. Dy. CIT (2020) 174 TR (A) 905 (Chen-Trib) : 2020 TaxPub(DT) 1937 (ITAT-Chenn) 90 >>   
INCOME TAX : CASE LAW DIGESTS - Urmila RCP Projects (P) Ltd. v. Dy. CIT (2020) 174 TR (A) 860 (Ranchi-Trib) : 2020 TaxPub(DT) 842 (Ranchi-Trib) 47 >>   
CORPORATE LAWS & GST : NEWS YOU CAN USE - MCA : Corp affairs ministry allows companies to extend AGMs for up to 3 months 96 >>   
CORPORATE LAWS & GST : NEWS YOU CAN USE - SEBI : SEBI proposes to increase minimum free float for firms post-insolvency 96 >>   
CORPORATE LAWS & GST : NEWS YOU CAN USE - GST : CBIC makes video conferencing mandatory for hearings in GST appeal cases 98 >>   
CORPORATE LAWS & GST : NEWS YOU CAN USE - CEOs not to be issued summons at first instance for GST evasion: DGGI 98 >>   
CORPORATE LAWS & GST : NEWS YOU CAN USE - GST reduced tax rates, doubled taxpayer base to 1.24 cr: Finance Ministry 99 >>   
CORPORATE LAWS & GST : NEWS YOU CAN USE - GST reduced tax rates, doubled taxpayer base to 12.4 million; FinMin 100 >>   
CORPORATE LAWS & GST : NEWS YOU CAN USE - GSTN enables functionality to help GST payers on ITC eligibility 100 >>   
CORPORATE LAWS & GST : NEWS YOU CAN USE - Single-agenda GST Council meeting on Aug 27 to discuss compensation 101 >>   
CORPORATE LAWS & GST : STATUTES - Clarification on Extension of Annual General Meeting (AGM) for the financial year ended as at 31-03-2020—General Circular No. 28/2020, dtd. 17-8-2020 [F. No. 2/4/2020-CL-V] 102 >>   
CORPORATE LAWS & GST : STATUTES - Resources For Trustees of Mutual Funds—Circular No. SEBI/HO/IMD/DF4/CIR/P /2020/ 0000000151, dtd. 10-8-2020 102 >>   
CORPORATE LAWS & GST : STATUTES - Administration and Supervision of Investment Advisers—Circular No. SEBI/HO/ IMD/DF1/CIR/P/ 2020/ 148, dtd. 6-8-2020 102 >>   
CORPORATE LAWS & GST : STATUTES - Securities and Exchange Board of India (International Financial Services Centres) Guidelines, 2015—Amendment in Clause 4—Circular No. SEBI/HO/MRD2/ DCAP/CIR/ P/2020/ 149, dtd. 7-8-2020 102 >>   
CORPORATE LAWS & GST : STATUTES - Investor Grievances Redressal Mechanism—Handling of Scores Complaints by Stock Exchanges and Standard Operating Procedure—Circular No. SEBI/HO/OIAE/IGRD/CIR/P/ 2020/ 152, dtd. 13-8-2020 102 >>   
CORPORATE LAWS & GST : STATUTES - Corrigendum to Master Circular for Depositories dated October 25, 2019 on preservation of records—Circular SEBI/HO/MRD2/DDAP/CIR /P/2020/153, dtd. 18-8-2020 102 >>   
CORPORATE LAWS & GST : STATUTES - Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Second Amendment) Regulations, 2020—Amendment in Regulation 42—Notification No. SEBI/LAD-NRO/GN/2020/25, dtd. 5-8-2020 103 >>   
CORPORATE LAWS & GST : STATUTES - Securities and Exchange Board of India (Employees' Service) (Amendment) Regulations, 2020—Amendment in Regulation 16 and Schedule—Notification No. SEBI/ LAD-NRO/GN/2020/26, dtd. 5-8-2020 103 >>   
CORPORATE LAWS & GST : STATUTES - Section 4 of SEBI Act, 1992, r/w Rule 3 of SEBI (Terms and Conditions of Service of Chairman and Members) Rules, 1992—Notification No. S.O. 2630(E), dtd. 6-8-2020 [F. No. 2/16/2019-RE] 104 >>   
CORPORATE LAWS & GST : ARTICLES - Procedure for Transfer of Input Tax Credit on Death of Sole Proprietor—BHUWAN PRAKASH 105 >>   
CORPORATE LAWS & GST : ARTICLES - An Insight into SEBI (Prohibition of Insider Trading)(Amendment) Regulations, 2020—PRAGYA BHANDARI 108 >>   
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