India - Tax Updates

Legal News & Analysis – Asia Pacific - India – Tax

20 January, 2020

 

  • Taxation Laws (Amendment) Act, 2019

    The Indian Finance Minister had introduced the Taxation Laws (Amendment) Ordinance, 2019 (‘Ordinance’) in September 2019 introducing sweeping amendments to the Income-tax Act, 1961 (‘IT Act’)...

 

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  • SC Allows Delayed Filing of Revised Return pursuant to NCLT Approved Amalgamation

    In Dalmia Power Ltd. v. ACIT, SC has permitted filing of revised returns of income beyond the prescribed time allowed under the IT Act. In this case, the relevant schemes of arrangement incorporated provisions for filing the revised returns beyond the prescribed time limit since the schemes were to come into force retrospectively from the appointed date...

 

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For further information, please contact:

 

Zia Mody, Partner, AZB & Partners

zia.mody@azbpartners.com