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TR Vol-183 Issue-1, 03-Jan-2022
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INCOME TAX : NEWS YOU CAN USE - Bankruptcy Code : Ministry proposes fixed timeline for NCLT, extended look-back period in IBC 2 >>   
INCOME TAX : NEWS YOU CAN USE - Income Tax : Net income tax mop-up in FY22 at Rs 7.4 trn, Rajya Sabha informed 3 >>   
INCOME TAX : NEWS YOU CAN USE - Income Tax Refund : CBDT issues refunds of Rs 1.37 trillion to 12.7 million taxpayers 4 >>   
INCOME TAX : NEWS YOU CAN USE - Income Tax Return : IT dept relaxes time till Feb'2022 to complete verification of FY'20 ITRs 4 >>   
INCOME TAX : STATUTES - Section 250(6B)—Faceless Appeals before CIT(A)—Faceless Appeal Scheme, 2021 Notified—Notification No. 139/2021, dtd. 28-12-2021 [F. No. 370142/ 66/2021-TPL] 6 >>   
INCOME TAX : STATUTES - One-Time Relaxation for Verification of all Income Tax Returns e-Filed for the Assessment Year 2020-21 which are Pending for Verification and Processing of Such Returns—Circular No. 21/2021, dtd. 28-12-2021 [F. No. 225/140/ 2021/ITA-II] 18 >>   
INCOME TAX : STATUTES - 3.59 crore Income Tax Returns Filed on the New e-Filing Portal of the Income Tax Department—Press Release, dtd. 16-12-2021 19 >>   
INCOME TAX : STATUTES - Advance Tax collections for the F.Y. 2021-22 (Till 3rd Installment) stand at Rs. 4,59,917.10 crore as on 16.12.2021 which shows a growth of approximately 53.50%—Press Release, dtd. 17-12-2021 20 >>   
INCOME TAX : STATUTES - Income Tax Department Conducts Searches in Tamil Nadu—Press Release, dtd. 21-12-2021 21 >>   
INCOME TAX : STATUTES - Income Tax Department Conducts Searches in West Bengal—Press Release, dtd. 21-12-2021 22 >>   
INCOME TAX : STATUTES - Income Tax Department Conducts Searches in Uttar Pradesh and Karnataka—Press Release, dtd. 21-12-2021 23 >>   
INCOME TAX : STATUTES - Income Tax Department Conducts Searches in Maharashtra—Press Release, dtd. 28-12-2021 24 >>   
INCOME TAX : STATUTES - Income Tax Department Conducts Searches in Rajasthan—Press Release, dtd. 28-12-2021 25 >>   
INCOME TAX : STATUTES - Over 4.67 Crore Income Tax Returns Filed on the New e-Filing Portal of the Income Tax Department—Press Release, dtd. 28-12-2021 25 >>   
INCOME TAX : STATUTES - Income Tax Department Conducts Searches in Chhattisgarh—Press Release, dtd. 29-12-2021 26 >>   
INCOME TAX : STATUTES - Income Tax (34th Amendment) Rules, 2021—Insertion of New Rule 2DD and Insertion of New Form 10-II and 10-IJ—Notification No. 138/2021, dtd. 27-12-2021 [F. No. 370142/58/2021-TPL(Part-II)] 27 >>   
INCOME TAX : CONSULTANT’S CHAMBER - Residential Status of Individuals Stranded in India Due to Covid and Tax Impact 32 >>   
INCOME TAX : ARTICLES - Clause 31 of Form No. 3CD—Reporting Requirements, Check Lists, Errors in Reporting and Safeguards in Reporting—CA. MANOJ GUPTA 38 >>   
INCOME TAX : ARTICLES - Writing off of Security Deposit on Discontinuance of Business—Whether Allowable as Business Loss—CA. NISHA BHANDARI 54 >>   
INCOME TAX : ARTICLES - Whether the Dominant or Primary Object of the Trust is the Determining Factor for Granting/Maintaining Registration Under Section 11 Even Society or Trust is carrying on Some Business Activity?—AKHILESH KUMAR SAH 58 >>   
INCOME TAX : CASE LAW DIGESTS - Amresh Kumar v. Pr. CIT (2022) 183 TR (A) 83 (Jhar-HC) : 2021 TaxPub(DT) 1212 (Jhar-HC) 84 >>   
INCOME TAX : CASE LAW DIGESTS - Anasuya Basi Reddy v. ITO (2022) 183 TR (A) 73 (Bang-Trib) : 2021 TaxPub(DT) 1269 (Bang-Trib) 73 >>   
INCOME TAX : CASE LAW DIGESTS - Bapujibuwa Nagari Sahakari Pat Sanstha Maryadit v. Jt. CIT (2022) 183 TR (A) 84 (Pune-Trib) : 2021 TaxPub(DT) 1081 (Pune-Trib) 84 >>   
INCOME TAX : CASE LAW DIGESTS - Dy. CIT (E) v. Ram Nath Memorial Trust Society (2022) 183 TR (A) 64 (Del-Trib) : 2021 TaxPub(DT) 4645 (Del-Trib) 65 >>   
INCOME TAX : CASE LAW DIGESTS - Dy. CIT v. Daawat Foods Ltd. (2022) 183 TR (A) 70 (Del-Trib) : 2021 TaxPub(DT) 3044 (Del-Trib) : (2021) 91 ITR (Trib) 110 (Del-Trib) 70 >>   
INCOME TAX : CASE LAW DIGESTS - Dy. CIT v. Emami Agrotech Ltd. (2022) 183 TR (A) 64 (Kol-Trib) : 2021 TaxPub(DT) 1753 (Kol-Trib) 64 >>   
INCOME TAX : CASE LAW DIGESTS - Dy. CIT v. Meda Vani (2022) 183 TR (A) 71 (Hyd-Trib) : 2021 TaxPub(DT) 3398 (Hyd-Trib) 71 >>   
INCOME TAX : CASE LAW DIGESTS - Dy. CIT v. Nalwa Steel and Power Ltd. (2022) 183 TR (A) 67 (Del-Trib) : 2021 TaxPub(DT) 2996 (Del-Trib) 67 >>   
INCOME TAX : CASE LAW DIGESTS - Hindustan Aeronautics Ltd. v. Asstt. CIT (2022) 183 TR (A) 82 (Karn-HC) : 2021 TaxPub(DT) 1258 (Karn-HC) : (2021) 279 Taxman 217 (Karn) 82 >>   
INCOME TAX : CASE LAW DIGESTS - ITO v. Sharief Azizulla (2022) 183 TR (A) 71 (Visakha-Trib) : 2021 TaxPub(DT) 2862 (Visakha Trib) 72 >>   
INCOME TAX : CASE LAW DIGESTS - Maheshwari Roller Flour Mills (P) Ltd. v. ITO (2022) 183 TR (A) 80 (Del-Trib) : 2021 TaxPub(DT) 246 (Del-Trib) 81 >>   
INCOME TAX : CASE LAW DIGESTS - Petronet LNG Ltd. v. Dy. CIT (2022) 183 TR (A) 65 (Del-Trib) : 2021 TaxPub(DT) 1625 (Del-Trib) 65 >>   
INCOME TAX : CASE LAW DIGESTS - Tolani Shipping Co. Ltd. v. Dy. CIT (2022) 183 TR (A) 65 (Mum-Trib) : 2021 TaxPub(DT) 2135 (Mum-Trib) 66 >>   
INTERNATIONAL TAXATION : CASE LAW DIGESTS - Dy. CIT v. Nissin ABC Logistics (P) Ltd. (2022) 183 TR (B) 89 (Kol-Trib) : 2021 TaxPub(DT) 4467 (Kol-Trib) 90 >>   
INTERNATIONAL TAXATION : CASE LAW DIGESTS - Encora Innovation India (P) Ltd. v. Dy. CIT (2022) 183 TR (B) 88 (Bang-Trib) : 2021 TaxPub(DT) 4343 (Bang-Trib) 89 >>   
INTERNATIONAL TAXATION : CASE LAW DIGESTS - Reliance Globalcom Ltd. v. Dy. CIT (2022) 183 TR (B) 88 (Mum-Trib) : 2021 TaxPub(DT) 3423 (Mum-Trib) 88 >>   
INTERNATIONAL TAXATION : CASE LAW DIGESTS - Ricardo UK Ltd. v. Dy. CIT (2022) 183 TR (B) 86 (Del-Trib) : 2021 TaxPub(DT) 1197 (Del-Trib) 86 >>   
INTERNATIONAL TAXATION : CASE LAW DIGESTS - Urban Ladder Home Decor Solutions (P) Ltd. v. Asstt. CIT (2022) 183 TR (B) 86 (Bang-Trib) : 2021 TaxPub(DT) 4578 (Bang-Trib) 88 >>   
CORPORATE LAWS & GST : NEWS YOU CAN USE - MCA : Companies spent Rs 1.09 trn towards CSR activities in 7 years; MCA 92 >>   
CORPORATE LAWS & GST : NEWS YOU CAN USE - GST : BS Awards; Debroy bats for GST Council-like body for expenditure reforms 92 >>   
CORPORATE LAWS & GST : NEWS YOU CAN USE - New provision from Jan 1; GST officials to make surprise recovery visits 94 >>   
CORPORATE LAWS & GST : NEWS YOU CAN USE - Host of changes in GST law to come into effect from January 1, 2022 95 >>   
CORPORATE LAWS & GST : STATUTES - Clarification of Holding of Annual General Meeting (AGM) through Video Conference (VC) or other Audio Visual Means (OAVM)—General Circular No. 19/2021, dtd. 8-12-2021 [F.No. Policy-17/57/2021-CL-MCA] 96 >>   
CORPORATE LAWS & GST : STATUTES - Clarification on Passing of Ordinary and Special Resolutions by the Companies under the Companies Act, 2013, read with Rules made there under on Account of Covid-19—Extention of Timeline—General Circular No. 20/2021, dtd. 8-12-2021 [F.No. Policy-17/57/2021-CL-MCA] 96 >>   
CORPORATE LAWS & GST : STATUTES - Clarification of Holding of Annual General Meeting (AGM) through video Conference (VC) or other Audio Visual Means (OAVM)—General Circular No. 21/2021, dtd. 14-12-2021 [F.No. Policy-17/57/2021-CL-MCA] 96 >>   
CORPORATE LAWS & GST : ARTICLES - Status and Applicability of Accounting Standards Issued by ICAI—TAXPUB CREATIVE CELL 97 >>   
CORPORATE LAWS & GST : ARTICLES - GST on Services by or to Government Entity—NARENDRA KUMAR 113 >>   
CORPORATE LAWS & GST : ARTICLES - Vignette from the Companies Act, 2013 Relating to Condonation of Delay—PRAGYA BHANDARI 118 >>   
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