Archive

Foreign Tax Credit Denials in Income Tax Return Processing by

Reasons for denial of Foreign Tax Credit (FTC) while processing Income Tax Return (ITR) by
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Removal of Director under section 169 of Companies Act, 2013-Future

Summary: Section 169 of the Companies Act, 2013 outlines the procedure for removing a director
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Section 135 of Companies Act-Future Tax

Unlocking the potential of Corporate Social Responsibility (CSR): (Section 135 of the Companies Act, 2013) Summary:
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Applicability, Time Limit, Disclosure & External Confirmation-Future Tax

43B(h) of Income Tax Act : Payment due to MSE’s, Applicability, Time Limit, Consequences, Disclosure
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Removal of Auditors under section 140(1) of Companies Act, 2013-Future

Summary: Under Section 140(1) of the Companies Act, 2013, auditors can be removed before their
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No Penalty for mere Technical Discrepancies in Tax Invoice or

Summary: The Madras High Court, in M/s. Jindal Pipes Limited v. Deputy State Tax Officer
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Silence of the Constitution: Gaps in Legal Framework-Future Tax

Summary: Constitutional silences refer to the gaps or omissions in a constitution’s text, which leave
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Jaiprakash Associates Slapped with ₹14 Crore Fine in Landmark CCI

Summary: The Competition Commission of India (CCI) has imposed a ₹14 crore fine on Jaiprakash
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Representation on Incorrect Income Tax Return processing & TDS credit

The Karnataka State Chartered Accountants Association (R) (KSCAA) has submitted a representation to the Commissioner
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Input Tax Credit on Demo Vehicles-Future Tax

Summary: CBIC’s Circular No. 231/25/2024, dated September 10, 2024, clarifies that input tax credit (ITC) on
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