Professional Updates (13/05/2022)

1. CBDT issues instructions for AOs to implement SC’s ruling upholding validity of old reassessment notices [Instruction No. 01/2022, dt. 11-05-2022]

2. CBDT issues guidelines for compulsory selection of ITRs for Complete Scrutiny during FY 2022-23 [Notification F.NO. 225/81/2022/ITA-II, dt. 11-05-2022]

3. MCA’s research and analysis wing issues detailed guidelines for funding research studies on corporate governance dt. 11.05.2022

4. Govt. notifies May 10, 2022 as the effective date of certain provisions of CA, CWA, and CS (Amendment) Act, 2022 NN.- S.O. 2184(E) dt. 10.05.2022

5. External Development and Infrastructure Development charges would form part of value of construction services: AAAR-Haryana [Ashiana Housing Ltd., In re -2022]

 

6. ITC not allowed in respect of civil or interior work done during construction of commercial complex: AAR-UP [KRBL Infrastructure Ltd., In re - 2022]

   

Regards,

CA Amit Kumar Ranjan

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