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    Act Rules Bills
    Evolution of Appellate Remedies in Indian Income Tax Law : Clause 356 of the Income Tax Bill, 2025 V...
    Act Rules Bills
    Appellate Remedies against Advance Rulings : Clause 389 of the Income Tax Bill, 2025 Vs. Section 245...
    Act Rules Bills
    Evolution of Procedural Regulation in Advance Rulings under Indian Tax Law : Clause 388 of Income Ta...
    Act Rules Bills
    The Transformation of Advance Rulings Powers under Indian Tax Law : Clause 387 of the Income Tax Bil...
    Act Rules Bills
    Fraud, Misrepresentation, and the Void Ab Initio Doctrine in Advance Rulings : Clause 386 of the Inc...
    Act Rules Bills
    Jurisdictional Bar on Parallel Proceedings : Clause 385 of the Income Tax Bill, 2025 Vs. Section 245...
    Act Rules Bills
    Procedure for processing applications for advance rulings in the Indian tax regime : Clause 384 of t...
    Act Rules Bills
    Procedural Evolution of Advance Ruling Applications : Clause 383 of the Income Tax Bill, 2025 Vs. Se...
    Act Rules Bills
    Legal Insights on Vacancies and Defects in Advance Ruling Bodies : Clause 382 of Income Tax Bill, 20...
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    Administrative Efficiency vs. Judicial Oversight : Clause 381 of the Income Tax Bill, 2025 Vs. Secti...
    Act Rules Bills
    Changing Landscape of Advance Rulings in Indian Tax Law : Clause 380 of the Income Tax Bill, 2025 Vs...
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    Act Rules Bills
    Change in the Interest on Tax Refunds under Indian Income Tax Law : Clause 437 of the Income Tax Bil...
    Act Rules Bills
    Limits on Challenging Completed Assessments in Refund Proceedings : Clause 436 of Income Tax Bill, 2...
    Act Rules Bills
    Automatic Refunds under Indian Income Tax Law : Clause 435 of the Income Tax Bill, 2025 Vs. Section ...
    Act Rules Bills
    Procedural and Substantive Aspects of TDS Refunds : Clause 434 of Income Tax Bill, 2025 Vs. Section ...
    Act Rules Bills
    Limitation, Procedure, and Rights of Refund Claims in Indian Tax Law : Clause 433 of the Income Tax ...
    Act Rules Bills
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Act Rules Bills
Evolution of Appellate Remedies in Indian Income Tax Law : Clause 356 of the Income Tax Bill, 2025 V...
Show AI Summary
Appellate scope reform consolidates appealable orders, enables faceless appeals and transfers while preserving rehearing safeguards.
Clause 356 prescribes an exhaustive list of appealable orders before the Joint Commissioner (Appeals), defines "status" by cross reference, prohibits appeals where orders are passed by or with approval of authorities above Deputy Commissioner, and empowers the Board to transfer appeals between JCIT(A) and Commissioner (Appeals) with a mandated opportunity of rehearing. It formally enables a government notified faceless disposal scheme-permitting elimination of physical interface and modification of procedural provisions-and authorizes the Board to exclude specified cases or classes from the section's operation.
Act Rules Bills
Appellate Remedies against Advance Rulings : Clause 389 of the Income Tax Bill, 2025 Vs. Section 245...
Show AI Summary
Right of appeal to High Court preserves judicial review over advance rulings with limited condonation and streamlined procedure.
Clause 389 grants a statutory right of appeal to the High Court against rulings or orders of the Board for Advance Rulings and certain Assessing Officer actions, mandates filing in the prescribed form and manner within a limited period, allows judicial condonation for a short additional interval, omits prior executive scheme-making and modification powers, and relies on Rule 44FA to integrate appeal procedure with jurisdictional High Court practice.
Act Rules Bills
Evolution of Procedural Regulation in Advance Rulings under Indian Tax Law : Clause 388 of Income Ta...
Show AI Summary
Procedural autonomy for advance rulings enables the Board to set its own procedures, heightening calls for transparency and safeguards.
Clause 388 vests the Board for Advance Rulings with broad power to regulate its own procedure, subject to the relevant Chapter, enabling the Board to prescribe filing rules, hearing modes, timelines, evidence protocols, order formats and confidentiality mechanisms, while the institutional shift from a quasi judicial Authority to an administrative Board raises concerns about explicit natural justice safeguards, transparency, consistency and the scope of judicial review.
Act Rules Bills
The Transformation of Advance Rulings Powers under Indian Tax Law : Clause 387 of the Income Tax Bil...
Show AI Summary
Advance Rulings powers modernisation clarifies BAR's quasi judicial authority and civil court powers under reformed procedural codes.
Clause 387 modernises the powers and status of the Board for Advance Rulings by vesting it with civil court powers to summon witnesses, compel document production, receive affidavit evidence and exercise other adjudicatory functions, and by deeming its proceedings to be judicial proceedings that attract penal consequences for perjury and related offences, while limiting the civil court status to specified purposes and aligning cross references with reformed procedural and penal codes.
Act Rules Bills
Fraud, Misrepresentation, and the Void Ab Initio Doctrine in Advance Rulings : Clause 386 of the Inc...
Show AI Summary
Void ab initio of advance rulings: fraud or misrepresentation may nullify rulings and restore ordinary tax provisions.
Clause 386 empowers the Board for Advance Rulings to declare an advance ruling void ab initio if found to have been obtained by fraud or misrepresentation, on representation by the Principal Commissioner or Commissioner or otherwise; the Act is to apply as if no ruling had been made (excluding the period the ruling was in force), and a copy of the order must be sent to the applicant and the tax authority.
Act Rules Bills
Jurisdictional Bar on Parallel Proceedings : Clause 385 of the Income Tax Bill, 2025 Vs. Section 245...
Show AI Summary
Jurisdictional bar on parallel proceedings preserves advance rulings' exclusivity for resident applicants and prevents conflicting adjudication.
Clause 385 imposes a jurisdictional bar barring income tax authorities and the Appellate Tribunal from deciding any issue for which a resident has filed an advance ruling application; the prohibition attaches on filing and pertains only to the specific issue raised, thereby preserving the exclusivity and predictability of the advance ruling mechanism while raising interpretive questions about the definition of "issue" and the treatment of pending proceedings.
Act Rules Bills
Procedure for processing applications for advance rulings in the Indian tax regime : Clause 384 of t...
Show AI Summary
Advance ruling procedure secures binding tax guidance with hearing rights, grounds for rejection, and mandatory communication.
Clause 384 requires the Board for Advance Rulings to forward applications to the Principal Commissioner or Commissioner, call for records, and after examination either allow or reject applications. Rejection must follow an opportunity to be heard and a reasoned order, and orders must be communicated to the applicant and tax authorities. Mandatory exclusions include pending proceedings, fair market value determinations, and transactions prima facie designed for tax avoidance; if allowed, the Board must examine further material, hear the applicant or authorised representative, and pronounce a written ruling within the prescribed time frame.
Act Rules Bills
Procedural Evolution of Advance Ruling Applications : Clause 383 of the Income Tax Bill, 2025 Vs. Se...
Show AI Summary
Advance ruling procedure: streamlined application process with prescribed form, quadruplicate filing, fee and a thirty day withdrawal window.
Clause 383 establishes a streamlined procedure for advance rulings: applications must state the specific question and be filed in the prescribed form and manner in quadruplicate, accompanied by a prescribed fee, and may be withdrawn within thirty days. The clause retains core procedural features of the prior regime but omits transitional and legacy transfer or opt-out provisions, leaving form, fee, and certain consequences of withdrawal to subordinate rules.
Act Rules Bills
Legal Insights on Vacancies and Defects in Advance Ruling Bodies : Clause 382 of Income Tax Bill, 20...
Show AI Summary
Vacancies and defects immunity preserves validity of advance rulings to prevent collateral challenges and ensure procedural continuity.
Clause 382 stipulates that no proceeding before, or pronouncement of an advance ruling by, the Board for Advance Rulings shall be questioned or invalidated merely because of any vacancy or defect in the Board's constitution. It applies to both procedural actions and final rulings, reflects the de facto validity principle, and is intended to secure continuity, legal certainty, and protection against collateral procedural challenges, while not extending to defects that negate jurisdiction or involve fraud or bias.
Act Rules Bills
Administrative Efficiency vs. Judicial Oversight : Clause 381 of the Income Tax Bill, 2025 Vs. Secti...
Show AI Summary
Board for Advance Rulings centralizes administrative advance rulings, prioritizing efficiency but raising independence and legal robustness concerns.
Clause 381 mandates constitution of one or more Board for Advance Rulings by notification, each comprising two members who are serving tax officers of not below Chief Commissioner rank, nominated by the Board; the provision preserves an administrative, officer-led model akin to the existing framework and emphasizes mandatory establishment, flexibility in number and phased operationalization, while leaving nomination criteria, judicial representation, publication, and appellate design unspecified.
Act Rules Bills
Changing Landscape of Advance Rulings in Indian Tax Law : Clause 380 of the Income Tax Bill, 2025 Vs...
Show AI Summary
Advance ruling mechanism provides pre transactional tax certainty and access controls for cross border and GAAR related issues.
Clause 380 defines advance ruling across five categories: rulings for non resident applicants; rulings on transactions between residents and non residents; rulings for specified resident applicants; rulings on computation of total income pending before tax authorities or the Appellate Tribunal; and rulings on whether proposed arrangements are impermissible avoidance arrangements; it links applications to the Bill's procedural section and replaces the Authority with a Board for Advance Rulings, while preserving notification based resident eligibility.
Act Rules Bills
Evolving ADR Mechanisms in Indian Taxation : Clause 379 of the Income Tax Bill, 2025 Vs. Section 245...
Show AI Summary
Dispute Resolution Committee provides an opt-in ADR path reducing penalties and granting prosecution immunity for minor tax disputes.
Clause 379 creates an opt in Dispute Resolution Committee to resolve minor tax disputes by allowing modification of assessment variations, reduction or waiver of penalties, and grant of immunity from prosecution, with Assessing Officers required to implement DRC directions within a prescribed short timeframe; eligibility is confined by a monetary ceiling on variations, exclusions for search/survey or international information cases, and an income threshold as reported in returns, while procedural details and disqualifications are to be prescribed in subordinate rules.
Act Rules Bills
Set-off and Withholding of Tax Refunds : Clause 438 of the Income Tax Bill, 2025 Vs. Section 245 of ...
Show AI Summary
Set-off of tax refunds: authority to adjust refunds against outstanding dues with written intimation and time limited withholding.
Clause 438 authorises specified tax officers to set off any refund due against sums remaining payable by the taxpayer, subject to mandatory written intimation. If assessment or reassessment proceedings are pending, the Assessing Officer may withhold the refund for a limited, time bound period, but only after recording reasons in writing and obtaining prior approval from the Principal Commissioner or Commissioner. The clause streamlines language from Section 245, narrows discretionary grounds for withholding by focusing on pendency of proceedings, and retains procedural safeguards without specifying priority among kinds of dues.
Act Rules Bills
Change in the Interest on Tax Refunds under Indian Income Tax Law : Clause 437 of the Income Tax Bil...
Show AI Summary
Interest on tax refunds: prescribed entitlement and computation rules ensure compensation for delayed refunds and administrative resolution.
Clause 437 provides a statutory entitlement to interest on delayed tax refunds, specifying commencement dates for interest based on refund source (advance tax, TCS, tax treated as paid, self-assessment, rectification or excess payment), a materiality threshold exempting trivial refunds, extension of entitlement to deductors, exclusion of periods of delay attributable to the taxpayer or deductor, additional interest for appellate or revision order-related refunds, adjustment and recovery mechanisms for varied refund amounts, and administrative resolution of disputes on excluded periods by a senior tax authority.
Act Rules Bills
Limits on Challenging Completed Assessments in Refund Proceedings : Clause 436 of Income Tax Bill, 2...
Show AI Summary
Finality of assessments: refund claims limited to refunds for wrongly paid or excess tax, not re litigation of settled assessments.
Clause 436 prevents an assessee, in refund claims, from questioning or seeking review of any assessment or matter that has become final and conclusive; relief in such claims is limited to refund of tax wrongly paid or paid in excess and the provision must be read with appeal, rectification and revision mechanisms to avoid undermining corrective powers elsewhere in the statute.
Act Rules Bills
Automatic Refunds under Indian Income Tax Law : Clause 435 of the Income Tax Bill, 2025 Vs. Section ...
Show AI Summary
Automatic refunds on appellate or statutory orders require proactive AO disbursement, subject to reassessment and annulment limits.
Automatic refunds are mandated when appellate or other statutory orders reduce or annul tax liability, requiring the Assessing Officer to refund excess amounts without a claim, except where the Act provides otherwise. Refunds become due only after a fresh assessment when an order directs reassessment, and where an assessment is annulled the refund is limited to the excess tax paid over tax chargeable on the returned total income. The provision preserves AO obligations, exceptions for set off or stay, and separates principal refund rules from interest entitlement.
Act Rules Bills
Procedural and Substantive Aspects of TDS Refunds : Clause 434 of Income Tax Bill, 2025 Vs. Section ...
Show AI Summary
TDS refund mechanism for deductors clarifies eligibility, prescribed application procedure, and time bound AO orders.
Clause 434 creates a statutory TDS refund mechanism allowing a deductor who, under a written agreement, bore withholding tax and later claims no deduction was legally required to apply for refund in the prescribed form; the Assessing Officer must inquire as necessary, provide the applicant an opportunity to be heard, and pass a written order allowing or rejecting the claim within the specified time frame.
Act Rules Bills
Limitation, Procedure, and Rights of Refund Claims in Indian Tax Law : Clause 433 of the Income Tax ...
Show AI Summary
Return-based refund claims must be made through the income tax return, tying refund limitation to return filing timelines.
Clause 433 requires that every refund claim be made by furnishing the return of income under section 263, making return filing the exclusive procedural vehicle for refund claims and implicitly tying limitation to the return filing timelines without providing express condonation or separate application mechanisms.
Act Rules Bills
Refund Entitlement in Special Cases (Death, Incapacity, Insolvency, Liquidation, or Other Causes) : ...
Show AI Summary
Refund entitlement: clubbed-income payee and authorised representatives may claim tax refunds when taxpayer cannot act.
The clause entitles the person in whose total income clubbed income is included to claim the refund attributable to that income, and authorises a legal representative, trustee, guardian or receiver to claim or receive refunds on behalf of a taxpayer who cannot do so because of death, incapacity, insolvency, liquidation or similar cause; procedural formalities and limitation issues are left to subordinate rules and practice.
Act Rules Bills
Statutory Safeguards for Taxpayer Refunds : Clause 431 of Income Tax Bill, 2025 vs. Section 237 of I...
Show AI Summary
Tax refund entitlement preserved: statutory right maintained under new bill with procedural verification by Assessing Officer.
Clause 431 preserves a statutory right to a refund where a person satisfies the Assessing Officer that tax paid, paid on or treated as paid on their behalf for a tax year exceeds the amount properly chargeable; it covers direct payments and deemed payments (TDS/TCS, advance tax), places an initial procedural burden on the taxpayer, and mirrors Section 237 of the 1961 Act except for the shift from assessment year to tax year, with attendant implications for temporal reference, procedural integration, and ancillary issues such as interest, set offs and standards of verification.

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Social Welfare Surcharge is being exempted on following items.

3 February, 2020

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Budget 2020-21 + FINANCE BILL, 2020

S.No.

HS Code

Description

(1)

(2)

(3)

1.

0404 10 10

Whey, concentrated, evaporated or condensed, liquid or semi solid

2.

0406 90 00

Cheese, Other

3.

0601,0602

Bulbs or tubers, other live plants

4.

0802 12 00

Almonds, Shelled

5.

0802 31 00

Walnuts, in shell

6.

0802 32 00

Walnuts, shelled

7.

1001 11 00, 1001 91 00, 1001 99 20

Wheat and Meslin

8.

1005 90

Maize

9.

1704 10 00

Chewing Gum, whether or not sugar coated

10.

1901 10

Preparations suitable for infant or young children, put up for retail sale.

11.

2009 11 00

Orange Juice, Frozen

12.

2009 12 00

Orange Juice, not frozen, or a Brix value not exceeding 20

13.

2009 19 00

Orange Juice, Other

14.

2515 12 20

Marble and travertine slabs

15.

6802 10 00

Tiles, cubes and similar articles, whether or not rectangular (including square), the largest surface area of which is capable of being enclosed in a square the side of which is less than 7 cm; artificially coloured granules, chippings and powder, other monumental or building stone and articles thereof, simply cut sawn with a flat even surface

16.

680221 10

Marble blocks/tiles

17.

6802 21 20

Marble monumental stone

18.

6802 21 90

Other tiles, cubes and similar articles

19.

6802 91 00

Marble, travertine and alabaster

20.

6802 92 00

Other calcareous stone

210

8702 or 8704

All commercial vehicles (including electric vehicles), if imported as completely built unit (CBU)

* S. NC. 21 will be exempt from levy of Social Welfare Surcharge with effect from

 

Full Text:

Budget 2020-21 + FINANCE BILL, 2020

Topics

Acts Income Tax
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