HC issued notice and granted interim stay where reassessment notice is issued for AY 2013-14 on 13th April, 2021: The twist and Turn ahead
Ease of doing business: Foreign Exchange Management (Overseas Investment) Rules, 2022 – Revised regulatory framework for overseas investment provides for simplification of the existing framework for overseas investment
Rule 40G & Form No. 29D: Application before AO for refund of TDS paid (Grossed up) where it was not deductible u/s 195 (other than Interest)
Before issuing Notice U/s 148 – CBDT Caution instructions after Rs. 50 Lakh fine order by Allahabad High Court
Show Cause Notice (SCN) can’t be issued in respect of transactions which took place more than 8 years back, where law requires record to be maintained for 8 years: SC
Disclaimer in Clause No. 44 of Tax Audit Report IS better than Disclosure as Tax auditor requires to certify the report as True & Correct and not as True & Fair
पिक्चर अभी बाकी है – Union of India Vs. Ashish Agarwal decided on 04.05.2022 challenged before P & H High Court
The Twist: Union of India Vs. Ashish Agarwal decided on 04.05.2022 challenged before P & H High Court
Supreme Court Declares Section 3(2) and 5 Of Benami Transactions Prohibition Act As Unconstitutional; 2016 Amendment Act To Have Only Prospective Effect
Request to address the concerns arising from automatic processing under section 143(1) of the Act by the CPC – ICAI
2016 Amendment to Benami Act can’t be applied retroactively to transactions entered into before 25-10-2016: Apex Court
