Category: Newsletter

Income Tax Law Updates Case Laws/Judgement: ACIT Vs Credit Suisse AG (ITAT Mumbai) Date of Order 03/08/2022 Hon’ble ITAT held that provisions of section 115JB of the Income Tax Act cannot be made applicable to a foreign company. The Article 7(1) of the treaty prescribes … Continue Reading →

Income Tax Law Updates Notification/Circular: CBDT Notification No. 103/2022/F. No. 300196/18/2017-ITA-I (PT.-1) dated 24-08-2022 In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies for the purposes of the said … Continue Reading →

Income Tax Law Updates Notification/Circular: Notification No. 98/2022/F. No. 370142/33/2022-TPL dated 17-08-2022 In exercise of the powers conferred by sub-section (1) of section 239A read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the … Continue Reading →

Income Tax Law Updates Notification/Circular: Notification No. 94/2022/ F. No. 370142/34/2022-TPL dated 10-08-2022 In exercise of the powers conferred by clause (a) of the tenth proviso to clause (23C) of section 10 and sub-clause (i) of clause (b) of sub-section (1) of section 12A read … Continue Reading →

Income Tax Law Updates Notification/Circular: CBDT Notification No. 05/2022 dated 29-07-2022 Reduction of time limit for verification of Income Tax Return (ITR) from within 120 days to 30 days of transmitting the data of ITR electronically. Case Laws/Judgement: Orchid Foundations Pvt. Ltd Vs ITO … Continue Reading →

Income Tax Law Updates Notification/Circular: Notification No. 04 of 2022 dated 26-07-2022 : ​Procedure of PAN application & allotment through Simplified Proforma for incorporating Limited Liability Partnerships (LLPs) electronically Form FiLLiP of Ministry of Corporate Affairs. Case Laws/Judgement: Navin Sirahmal Mukim Vs ITO (ITAT Pune)  … Continue Reading →

Income Tax Law Updates Notification/Circular: Notification No. 85/2022/F. No. 300196/17/2022-ITA-I] dated 21-07-2022  In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies for the purposes of the said clause, Odisha … Continue Reading →

Income Tax Law Updates Notification/Circular: Notification No. 83/2022/ F. No. 370142/30/2022-TPL dated 12-07-2022 In exercise of the powers conferred by sub-section (2) of section 158AB read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes … Continue Reading →

Income Tax Law Updates Notification/Circular: Notification No. 73/2022/F. No. 370142/29/2022-TPL (Part-I) dated 30-06-2022 In exercise of the powers conferred by section 295 read with section 194S of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes, hereby, makes the following rules … Continue Reading →

Income Tax Law Updates Notification/Circular: DGIT(S)/ADG(S)-2/STT Filing/2022 Notification No. 2 of 2022 New Delhi, 24th June, 2022 ​Format, Procedure and Guidelines for submission of Form No. 1, Form No. 2 and Form No. 2A for Securities Transaction Tax (STT) Case Laws/Judgement: Karida Real Estates Private … Continue Reading →