| *Income tax* | CBDT Press Release dated 26 Nov 2020* | *CBDT to validate Unique Document Identification Number (UDIN) generated from ICAI portal at the time of upload of Tax Audit Reports |
| *Income tax* | Madras HC | *Matter remanded to decide whether loss from eligible units u/s 80-IC can be set off against profits from ineligible unit* |
| *Income tax* | SC | *HC ought to decide writ challenging validity of section 40(a)(iib) though matter was sub-judice before AO: SC* |
| *Income tax* | Madras HC | *Interest on deposits made out of borrowed fund before commencement of business constitutes income from other sources* |
| *Income tax* | Karnataka HC | *Successor company is eligible to claim depreciation on Intangible assets acquired under succession* |
| *Income tax* | Karnataka HC | *Investment in residential property outside India before AY 2015-16 was eligible for sec. 54F exemption* |
| *International taxation* | Delhi – Trib. | *Fees received towards sub-licensing broadcasting rights of sports event live feeds not taxable as royalty* |
| *Transfer Pricing* | Kolkata – Trib. | *TPO cannot initiate proceedings against assessee after passing of final assessment order* |
| *Transfer Pricing* | Mumbai – Trib. | *DRP is not justified in accepting royalty rate of trademark without any content reasoning : ITAT* |
| *GST* | AAR – KARNATAKA | *No GST on sale of flats under JDA with developer after issue of completion certificate: AAR Karnataka* |
| *GST* | MP HC | *Mere E-mail of SCN to taxpayer wouldn’t suffice, uploading on website is mandatory: MP HC* |
| *GST* | AAAR-WEST BENGAL | *RCM applicable on import of repair and maintenance services from foreign entity: AAAR-WB* |
| *GST* | GST Portal | *Govt. issued FAQs on blocking and unblocking of E-way Bill Generation Facility* |
| *FEMA, BANKING & INSURANCE* | SC | *SC disposes of writ petition challenging interest on loan during moratorium in wake of Covid-19* |
| *COMPETITION LAW* | CCI | *Real Estate developer isn’t a dominant player in Pune due to presence of other developers : CCI* |
| *COMPANY LAW* | NCL-AT | Appointment/Removal of director in AGM and EoGM was to be stayed in absence of notice of agenda : NCLAT |
| *COMPANY LAW* | SC | *SC upholds validity of Tribunal Rules 2020 with modifications; orders setting up of National Tribunals Commission* |
| *SEBI* | SC | *SC upholds SAT’s order setting aside ex-parte interim order of SEBI due to pendency of investigation* |
Published by Business So Simple
Hi, I am business consultant working with a team of Chartered Accountants, Company Secretaries, Lawyers & MBAs.
View all posts by Business So Simple
Business So Simple 