Archives

Last date to submit application under MEIS for exports made between 01-09-2020 to 31-12-2020 extended till 31-08-2022.

Notification No. 15/2015-2020, dated 01-07-2022.

Amendment in FTP to extend IGST & Compensation Cess exemption on imports under AA/EPCG etc.

Notification No. 16/2015-20, dated 01-07-2022.

Sec. 56(2)(vii b) applies to conversion of Compulsory Convertible Debentures (CCDs) into equity shares.

Milk Mantra Dairy (P.) Ltd. v. DCIT – [2022] 140 taxmann.com 163 (Kolkata-Trib.).

CIT cannot revise order passed by AO in accordance with directions issued by DRP.

Barclays Bank PLC v. Commissioner of Income-tax (International Taxation) – [2022] 139 taxmann.com 503 (Mumbai-Trib.).

Sec. 28(iv) – Grant paid by Dutch Govt. directly to Dutch Co. to subsidise import of windmill by Indian Co. is not taxable u/s 28(iv).

Commissioner of Income-tax v. Tube Investments of India Ltd. – [2022] 140 taxmann.com 93 (Madras).

Faceless Appeal Scheme, 2021 mandating grant of personal hearing is curative amendment; applies retrospectively: ITAT.

Bank of India v. ACIT – [2022] 140 taxmann.com 41 (Mumbai-Trib.).

CCI approves proposed combination involving Google International LLC and Bharti Airtel Ltd.

Ban on Identified Single Use Plastic Items from 01-07-2022.

BIS formulates performance standards for Electric Vehicle Batteries.

15 Companies selected under 2nd Round of PLI Scheme for White Goods (ACs & LED lights) with committed investment of 1368 Crore.