Dear Readers,

We are delighted to share our 86th E-Newsletter “Weekly Taxation Newsletter” dated 12th August, 2022 from 03rd August, 2022 to 11th August, 2022 with you. This E – Newsletter is a weekly reference / compilation of interesting and latest news related to tax including upcoming Timelines / Due Dates, Notifications / Press Information, Case Laws, International Taxation etc.

Stay updated, Stay connected

  • Due Dates under IT Act 1961




Compliance Particulars


Due Dates


Due date for issue of TDS Certificate for tax deducted under section 194- IA, 194-IB, and 194M in the month of June 2022.



Due date for furnishing of form 24G by an office of the government where TDS/TCS for the month of July 2022 has been paid without the production of a challan.



Due date for furnishing statement in Form no. 3BB by a stock exchange in respect of transactions in which client codes have been modified after registering in the system for the month of July 2022.



Quarterly TDS certificate (in respect of tax deducted for payment other than salary) for the quarter ending June 30, 2022.


  • Under the GST, 2017

A.  Filing of GSTR –3B / GSTR 3B QRMP

 a) Taxpayers having aggregate turnover > 5 Cr. in preceding FY




July, 2022



20th August, 2022

Due Date for filling GSTR – 3B return for the month of June, 2022 for the taxpayer with Aggregate turnover exceeding INR 5 crores during previous year.


Due Date for filling GSTR – 3B return for the quarter of January to March 2022 for the taxpayer with Aggregate


turnover up to INR 5 crores during the previous year and who has opted for Quarterly filing of return under QRMP.

 B. Non Resident Tax Payers, ISD, TDS & TCS Taxpayers

Form No.


Compliance Particulars


Due Date



Every Input Service Distributor (ISD)


13th of succeeding month



GSTR-5 & 5A

Non-resident    ODIAR                         services provider file Monthly GST Return

20th of succeeding month


C. GSTR – 1 QRMP monthly / Quarterly return

Form No.


Compliance Particulars


Due Date


Details of outward supply-IFF &


Summary of outward supplies by taxpayers who have opted for the

QRMP scheme.

a)        GST QRMP monthly return due date for the month of April, 2022 (IFF). Applicable for taxpayers with Annual aggregate turnover up to Rs. 1.50 Crore.


b)       Summary of outward supplies by taxpayers who have opted for the QRMP scheme.



13th of succeeding month – Monthly


Quarterly Return





D. GST Refund

Form No.


Compliance Particulars

Due Date

RFD -10

Refund of Tax to Certain Persons

18 Months after the end of quarter for which refund is to be claimed

  • Weekly Departmental Updates: Income Tax
  • 1. No more Atal Pension Yojana benefits for Income Tax payers from October 1

 The government introduced APY on June 1, 2015, to provide social security to workers mainly in the unorganised sector.

Income tax payers will not be allowed to enrol in the government’s social security scheme Atal Pension Yojana (APY) from October 1, according to a notification.

 The government introduced APY on June 1, 2015, to provide social security to workers mainly in the unorganised sector. Subscribers of the scheme get a minimum guaranteed pension of

₹1,000 to ₹5,000 per month after attaining 60 years of age depending on their contributions.

“… from 1st October,2022, any citizen who is or has been an income tax payer, shall not be eligible to join APY,” the Finance Ministry said in the notification.

The Ministry has modified its earlier notification on APY. The new notification, issued on Wednesday, will not apply to subscribers who have joined or joins the scheme before October 1, 2022.

In case a subscriber, who joined on or after October 1, 2022, is subsequently found to have been an income tax payer on or before the date of application, the APY account shall be closed and the accumulated pension wealth till date would be given to the subscriber, the notification said.

The government had co-contributed 50% of the total contribution or ₹1,000 per annum, whichever is lower, to each eligible subscriber, who joined the scheme during the period from June 2015 to March 2016. It was also subject to the condition that the subscriber was not a beneficiary of any social security scheme and also not an income tax payer.

  • To read more Click Here
  • 2. Revised income tax return: Eligibility, deadline, other details you should know

Due date for unaudited income tax return (ITR) filing is gone but those taxpayers who want to edit their return as they have filled some incorrect information in their ITR like use of wrong ITR form, wrong bank account number, etc., they still have an option to do that. As per the revised income tax rules, a taxpayer can revise one’s income tax return under Section 139 (5) of the income tax act, 1961.

Speaking on the revised income tax return filing rules, SEBI registered tax and investment expert Jitendra Solanki said, “A taxpayer is allowed to revised one’s income tax return under Section 139 (5) of the income tax act, 1961. Under this rule, those who have filed their ITR before or after the due date are eligible for revising one’s income tax return.”

Here we list out important information in regard to revised ITR filing for AY 2022-23:

  • Eligibility: Those who filed ITR on, before or after 31st July 2022 are eligible for filing a revised ITR.
  • Income tax rule on revised ITR filing: Section 139 (5) of the income tax act allows an income tax payer to revise one’s income tax
  • Deadline for revised ITR filing: A taxpayer can file a revised income tax return prior to completion of three months of the assessment year. So, in the case of ITR filing for AY 2022- 23, last date to file a revised ITR is 31st December 2022.
  • Due dates for ITR filing for AY 2022-23: Due date for unaudited ITR filing for AY 2022- 23 was 31st July 2022 whereas due date for audited ITR filing for AY 2022-23 is 31st October
  • ITR filing last date: The last date for ITR filing and revised ITR filing is same i.e. 31st December
    • To read more Click Here
    • 3. Rules for charitable institutions get tighter

The Central Board of Direct Taxes (CBDT) has brought out a comprehensive list of records that charitable institutions that get income tax exemption have to maintain, showed an official order. The move aims to check abuse of charitable institutions and other entities that get income tax exemption for tax evasion.

The Income Tax (24th Amendment) Rules notified on Wednesday stipulate that these record keeping requirements are applicable to funds, institutions, trusts, universities and other educational institutions and hospitals and other medical institutions which are required to maintain books of accounts and other documents under specified sections of the Income Tax Act. These are section 10 which deals with tax exemptions and section 12 that deals with income from property held for charitable or religious purposes and income of trusts or institutions from contributions.

CBDT has over the last few years been stepping up the record keeping, reporting and audit related requirements of entities that enjoy tax exemption. Tax relief is available to trusts on the income used towards meeting their stated religious or charitable objectives subject to conditions specified in Income Tax Act.

  • To read more Click Here
  • 4. New Income Tax exemption rules for expenses on Covid-19 treatment: Check conditions and documents required

The Central Board of Direct Taxes (CBDT) recently notified new conditions and a form for claiming exemption against expenses on Covid-19 treatment. As per the notification dated 5 August 2022, you will have to submit certain documents to your employer and a form to the income tax department to claim tax exemption on money received from an employer or relatives for Covid-19 treatment.

Last year, the Central Government announced that the money received by individuals for Covid-19 treatment or ex-gratia received by family members on death due to Covid-19 would be exempt from income tax. This was also notified in Budget 2022. This exemption is effective from FY 2019020 onwards.

As per the August 5 notification, employees who have received money for treatment of covid- 19 should submit the following documents to their employer:

  • The COVID-19 positive report of the individual or his family member, or medical report if clinically determined to be COVID-19 positive through investigations in a hospital or an in-patient facility by a treating physician for a person so admitted;
  • all necessary documents of medical diagnosis or treatment of the individual or family member due to COVID-19 or illness related to COVID-19 suffered within six months from the date of being determined as a COVID-19
  • Documents backing details of the total expenditure incurred on the treatment of COVID-19 or illness related to COVID-19 of the individual or any family
  • Source: Read full at Click Here
  • Important Circulars and Notifications:


Particulars of the Notification(s)

File No. /

Circular No.





In exercise of the powers conferred by clause (XII) of the first proviso of clause (x) of sub-section (2) of section 56 of theIncome-tax Act,1961 (43 of 1961),the Central Government hereby specifies the following



Notification No. 91/2022


Click Here



The Central Government hereby specifies the sovereign wealth fund, namely, Qatar Holding LLC (PAN: AAACQ3167H),

Notification No. 93/2022

Click Here



The Income-tax (24th Amendment) Rules, 2022.

Notification No. 94/2022


Click Here

    Weekly Departmental updates:                                                                                                                                                                                                                            

GST Updates

1. GST on online gaming, casinos? Here’s what is on proposal

 A panel of states’ finance ministers is likely to submit their report on taxation of casinos and online gaming to FM Nirmala Sitharaman in a day or two, as per a report by PTI news agency.

At present, the current rate of GST on this sector of the online skill gaming industry is 18% on the Gross Gaming Revenue (GGR) and 0% on Contest Entry Fee (CEF).

The GST Council has been mulling increasing the tax on online gaming to 28%.

The GST Council is likely to meet towards the end of this month or next month. The GoM, under Meghalaya Chief Minister Conrad Sangma, had in an earlier report proposed to the GST Council to levy 28% GST on gross sales value as horse racing, online gaming, and casinos are akin to betting or gambling.

In the report submitted to the Council last month, the Group of Ministers recommended that online gaming should be taxed at the full value of the consideration, including the contest entry fee paid by a player for participating in the game.

Meanwhile, industry body the Internet and Mobile Association of India (IAMAI) has said that the highest GST rate of 28% is meant for things that are considered “sinful consumption”, and equating games of skill with gambling, betting and wagering will be against the spirit of Supreme Court judgement.

2. GST (Tax) On Rentals? Registered Tenants To Pay 18% Tax On House Rent

A tenant, who is registered under the GST, is required to pay Goods and Services Tax at 18 per cent for renting a residential property, according to the new GST rules effective from July 18. The 18 per cent tax on rent paid is only applicable to tenants registered under the GST.

Earlier, only commercial properties like offices or retail spaces given on rent or lease attracted GST. There was no GST on rent or lease of residential properties by corporate houses or individuals. As per the new rules, a GST-registered tenant will be liable to pay the tax under the reverse charge mechanism (RCM). The tenant can claim the GST paid under Input Tax Credit as a deduction.

The tax will only apply when the tenant is registered under GST and liable to file GST returns. The owner of the residential property is not liable to pay the GST.

The new changes, implemented after the 47th meeting of the GST Council, will impact the companies and professionals who have taken residential properties on rent or lease.

The rent paid by companies towards the housing properties taken on rent to be used as guest houses or residences for employees will now attract 18 per cent GST. This will increase the employees’ costs for the companies that are offering free accommodation to employees.

  • (Read more at: Click Here)
  • 3. CAG plans to fix GST holes and loopholes

The Comptroller and Auditor General’s (CAG) audit of the GST regime for the year ended March 2021 flags problems. These include the way refunds are dealt with and failure to detect frauds. Systemic weaknesses such as deficiencies in the automated refund module, sanction of suspicious refunds to taxpayers without proper scrutiny, absence of a way to monitor the realisation of export proceeds, and double payment of GST refunds are being tackled. The remedy lies in the correction of business rules, proper implementation of systems and

technology, and robust deployment of data analytics that will also minimise any arbitrariness by tax authorities. Frequent changes in the rate structure, though, can unsettle the GST system.

Central GST taxes as a percentage of GDP fell to 2.79% in FY2021 from 2.95% in FY2020 and 3.02% in FY2019. Collections have picked up this fiscal, as glitches are being fixed. Many of CAG’s recommendations have already been acted upon, such as comprehensive profiling of the taxpayers by integrating data from both internal and external systems such as income-tax (I-T), Directorate General of Foreign Trade (DGFT) and corporate affairs ministry, as well as scrutiny involving the risk-based selection of returns (just as in I-T). A real-time system of red- flagging high-risk taxpayers in the refund-related modules to avoid fake input tax credit claims, and a proper module for post-audit refunds to improve monitoring, are also in order.

  • To read more Click Here
  • 4. Will bumper GST collections weaken states’ case for compensation?

At this month’s meeting of the NITI Aayog’s Governing Council — chaired by Prime Minister Narendra Modi — chief ministers of some non-BJP ruled states reiterated their demand to extend the GST compensation cess regime for another five years. According to a working paper by the National Institute of Public Finance and Policy, Punjab, Goa and Chhattisgarh may face the most revenue stress once the compensation regime ends.

But the Centre remained non-committal. There was no word on it even after the previous GST council meeting in June, which had coincided with the completion of five years of the GST regime. As many as 16 states spoke on the compensation, with some pitching for extension at least a few years, if not for five years. The GST compensation mechanism was designed to make up for the loss of states’ revenue on account of the regime’s implementation five years ago. The five-year compensation period ended in June this year.

The goods and services tax (GST) collections have remained upbeat for the past few months, staying above Rs 1.4 trillion for five straight months ending July. In fact, July’s collection was the second-highest since the rollout of the indirect tax regime. The strong GST collections could weaken the states’ demand to extend the compensation beyond June 2022.

  • To read more Click Here
  • 5. GST On Online Gaming: GoM Yet To Reach Consensus On 28 Percent Tax On Gross Revenue

The Group of Ministers (GoM) — led by Meghalaya Chief Minister Conrad Sangma and reconstituted to examine the taxation of casinos, horse racing — and online gaming in India, was expected to submit its final report on August 10. However, as per a report by Business Standard, the panel is yet to reach a consensus on imposing a Goods and Services Tax (GST) of 28 percent on gross gaming revenue (GGR). The GoM is said to take another couple of weeks to finalise its report. Following the panel report, the GST Council is expected to meet in September to take a decision.

In its last meeting, the GoM discussed various methods of taxation of casinos, horse racing, and online gaming. The panel felt that further deliberations were required on the matter and

fixed August 10 as the date for finalising its report. It was decided to impose the tax on the GGR and not on the net amount excluding prize money. For those unaware, GGR represents the total amount collected by online gaming firms before distributing the winning amount to the victors.

The GoM heard the legal distinction between online ‘games of skill’ and ‘games of chance’. Leading industry representatives of the online gaming industry and tax advisory firms shared multiple Supreme Court and High Court rulings, which have affirmed a clear legal distinction between games of chance, which fall under betting and gambling, and games of skill which do not.

As per rulings of multiple Courts, ‘games of skill’ are legitimate business activities protected under Article 19(1)(g) of the Indian Constitution since they do not fall under the purview of ‘gambling’. These precedents have repeatedly emphasized that games of chance constitute gambling activity while games of skill do not.

  • Important Notifications under Excise / Custom/ GST:

     GST UPDATES                             





Particulars of the Notification(s)

File No. / Circular No.

Notification Link(s)


Module wise new functionalities deployed on the GST Portal for taxpayers

GSTN Cir. 552

Click Here


Introducing Single Click Nil Filing of GSTR-1

GSTN Cir. 551

Click Here


Clarifications regarding applicable GST rates & exemptions on certain services


Click Here



GST applicability on liquidated damages, compensation and penalty arising out of breach of contract or other provisions of law




Click Here



Clarification regarding GST rates & classification (goods) based on the recommendations of the GST Council in its 47th meeting held on 28th – 29th June, 2022 at Chandigarh




Click Here




Notification Particulars

Click Here

Passenger Name Record Information Regulations, 2022.

Click Here

Exchange rate Notification No.66/2022-Cus (NT) dated 04.08.2022-reg.

Click Here

Amendment in Export Policy of Items under HS Code 1101- reg.

Click Here

Seeks to amend No. 18/2022-Central Excise, dated the 19th July, 2022 to increase the Special Additional Excise Duty on production of Petroleum Crude and exempt export of Aviation Turbine Fuel.

Important Case-laws

Income Tax

1. Case Details: Abeezar Faizullabhoy v. CIT

Citation: [2021] 130 156 (Mumbai – Trib.)

 Section 24(b) does not mandate possession of the property to claim a deduction of interest on housing loan: ITAT

The Mumbai Tribunal has held that as far as the determination of the annual lettable value of a property is concerned, Section 22 read with Section 23 depends on the ownership of the property, irrespective of whether the assessee has taken possession of the same or not.

Further, as per the literal interpretation of Section 24(b), there is no bar on claiming a deduction of interest payable on a loan taken for purchasing a residential property, even if the possession of the same might not have been vested with him. Thus, the interest that was admittedly paid on the capital borrowed for acquiring the property will be allowed under Section 24(b) even if the assessee has not yet acquired possession of the property.

2. Case Details: JMS Mining (P.) Ltd. v. PCIT

Citation: [2021] 130 118 (Kolkata – Trib.)

 CSR expenses incurred by making donations are eligible for deduction under Section 80G: ITAT

The Tribunal held that from a plain reading of the Explanation 2 to Section 37(1), expenditure incurred towards CSR activities shall not be allowed as ‘business expenditure’ and shall be deemed to have not been incurred for business. The embargo created by this Explanation 2 inserted in Section 37 by the Finance (No. 2) Act, 2014 was to deny the deduction for CSR expenses incurred by companies, as and by way of regular business expenditure while computing’ income under the head of business and profession.

It can be seen that this Explanation 2 to Section 37(1), which denies a deduction for CSR expenses by way of business expenditure, applies only to the extent of computing business income under Chapter IV-D. The said Explanation cannot be extended or imported to CSR contributions which are otherwise eligible for deduction under any other provision or Chapter, to say donations made by a charitable trust registered under Section 80G.

Further, the Parliament intended certain restrictions to only CSR expenditure regarding two donations included by an assessee as CSR expenditure, i.e., Swachh Bharat Kosh and Clean Ganga Fund. It has impliedly not made any prohibition/restriction in respect of the claim of CSR expenses in other cases if it is otherwise eligible under Section 80G.

In this context, it was found that the assessee had donated by RTGS through the bank, which was received by Shree Charity Trust, which was approved under Section 80G(5)(vi). Further, the assessee had made payment to Pt. Jashraj Music Academy Trust, which was also approved under Section 80G(5)(vi). Therefore, the assessee’s claim for deduction of CSR expenses/contribution under Section 80G was to be allowed.

Important Case-laws

GST Cases:

1. Supreme Court    permits    companies    to    claim transitional tax credit

Mumbai: In a judgement that could benefit many companies, the Supreme Court ruled on Friday that businesses that were unable to claim tax credits when the indirect tax system switched to the Goods and Services Tax (GST) would be able to do so. A tax credit is a component of a company’s tax payment that can be applied to offset a subsequent tax obligation.

When India moved to the GST regime in 2017, companies had to transition the credit sitting on their books. So, the closing balance in the old tax regime would become the opening credit balance under GST.

On Friday, the Supreme Court division bench of Justice Abdul Nazeer and Justice JK Maheshwari ruled in the Brand Equity Treaties Limited versus Union of India case that all companies should be able to get transitional credit, whether or not they have approached the court of law.

“This decision comes in light of the on-going dispute wherein various taxpayers have contested that, on account of technical glitches, these forms could not be filed in a timely manner, and even if otherwise, their right to transition the credit cannot be denied to them,” said Abhishek Jain, Tax Partner, KPMG in India. “This presents a golden opportunity for the industry players, irrespective of whether they were a party to the writ petition or not, and all businesses should look at any pre-GST credit that was not duly transitioned, in light of this SC judgment.”

  • Reference: Click Here
  • 2. Income earned from providing guest lectures liable to 18% GST: AAR

Income earned from providing guest lectures will attract 18 per cent GST, the Karnataka bench of AAR has ruled. The applicant, Sairam Gopalkrishna Bhat, had approached the

Authority for Advance Ruling seeking clarity on whether the income earned from conducting guest lectures, amounts to or results to as supply of taxable services.

While passing the ruling, the AAR said the said service falls under the category of other professional, technical and business services and does not fall under the exempted category of services. Hence, the said services provided by the applicant attract GST of 18 per cent, it said.

The AAR ruling would mean that service professionals whose turnover exceeds Rs 20 lakh will have to pay 18 per cent goods and services tax (GST) on income earned from providing guest lectures. To read more: Click Here

  • International Taxation Corner (ITC)
  • 1. Nigeria and Egypt test different approaches to tax digital economy
  • The booming digital economy in many African countries like Nigeria and Egypt raises the hopes for more revenues for the countries in their COVID-19 fatigued economies.

    More tax revenues derived from the digital economy could help governments of African countries save their crumbling education and healthcare systems.

    But much of these funds from the digital economy are being sucked out of the continent by non-resident multinational enterprises (MNEs). These companies escape taxes on the profit they make in various countries because of the age-old international tax rules which require companies to be physically present in a country to be taxed by the country.

    While the problem is global, there has yet to be a universally accepted consensus on how to tackle it. This collaborative report examines the different approaches of Egypt, which has joined a global plan to tax such companies, and Nigeria, which has decided to act unilaterally.

    Countries lose between $100bn and $240bn annually to Base Erosion and Profit Shifting (BEPS), says the Organisation for Economic Cooperation and Cooperation (OECD), a group of 37 democracies with market-based economies.BEPS activities refer to tax planning strategies adopted by companies to artificially shift profits to locations with no or low tax rates and no or little economic activity in order to pay less or altogether avoid paying income tax.Despite the mouth-watering promises of the Two-Pillar solution, four out of the 141 members of the OECD/Inclusive Framework on BEPS – Nigeria, Kenya, Pakistan and Sri Lanka – have refused to sign the Two-Pillar solution plan.One of Nigeria’s major issues with it is the high profit thresholds it sets for multinational enterprises (MNEs) to be taxed by various countries where they have significant economic presence. Read more at: Click Here

    1. 2. UAE Corporate Tax: Free zone-based businesses need to do a forensic on income streams

      The history of UAE free zones dates back to the 1980s. Since then, they have been the backbone of the economy, with tax incentives to free zone persons (FZP), along with ease of regulations, world-class infrastructure, and strong government commitment, the catalysts for their development and growth.FZPs will have to maintain adequate substance, comply with regulatory requirements and get financial statements audited to benefit from a zero per cent CT rate. Let’s discuss various scenarios which emerge for the future.

    • Where businesses have set up FZPs for housing the shared services function (such as Finance, Procurement, HR, IT, Treasury) for the group. With the introduction of a corporate tax regime coupled with domestic transfer pricing, now is the time to examine and insulate your FZP’s income from corporate taxation of 9 per cent.
    • A FZP earning trading income from dealing with other FZPs will continue to benefit from the 0 per cent CT FZPs earning service income will have to wait for the final CT law as it is not clear from the PCD whether the benefit will be extended to service income or not.
    • A FZP earning passive income (interest, dividend, royalties and capital gains) from the mainland will continue to benefit from the 0 per cent CT Rental income is currently not mentioned under the category of passive income. A FZP with a non-core activity of renting an immovable property will have to evaluate whether rental income can be categorized as a passive income or not.
    • A FZP earning income from a mainland group company will also continue to benefit from the 0 per cent CT However, the payments would not be tax-deductible to the mainland group entity. Such scenarios may lead to significant group-level tax costs, necessitating a fresh look at the existing supply chain and business model.
    • Income from the sale of goods by a FZP located in a designated zone for VAT purposes to a mainland business being an importer of record will not impact the 0 per cent CT Further, if a FZP has a branch in mainland UAE, it will be taxed at 9 per cent on the mainland sourced income and at 0 per cent on other income. A FZP earning any mainland sourced income other than mentioned above will lose the benefit of 0 per cent CT rate with respect to all its income.

      Tax implications on FZPs in case of transactions with the mainland will be one of the critical aspects in the UAE CT regime. FZP undertaking transactions with the mainland will have to be cautious with respect to the permissibility of the said transactions as non-compliance with the regulatory requirements shall lead to denial of benefit of 0 per cent CT rate for all income streams. To read more Click Here      Knowledge Bucket for NRI’s              

    • The Finance Act, 2021, introduced a new Section 89A in the Income Tax Act. This came into effect on April 1, 2022. The thought behind introducing this was to address the mismatch in taxation of Indian residents’ income earned from a foreign retirement fund in a notified country.
    • Effective financial year 2020-21, any dividend income from shares of an Indian company is taxable in India. In case of a shareholder qualifying as ‘non-resident’ in India under the Indian Income-tax law, dividend income is taxable at 20% plus applicable surcharge and 4% health and education cess on gross
    • Under the exchange control law, the funds can be transferred outside India from the NRO account subject to an overall limit of $1 million per financial year (April-March) subject to documentation as requested by the bank.

       DO YOU KNOW ??                                                      

    1. CBDT has also notified Rule 21AAA and Form 10-EE for non-resident Indians (NRIs) to claim the relief under Section 89A related to the income from foreign retirement benefit
    2. In case of a shareholder qualifying as a “resident” in India, dividend income is taxable at the applicable slab
    3. For application of lower DTAA rate, the non-resident shareholder has to furnish tax residency certificate of the other country to establish entitlement to claim DTAA
    4. Income tax payers will not be allowed to enrol in the government’s social security scheme Atal Pension Yojana (APY) from October 1, according to a

         Disclaimer:  Every effort has been made to avoid errors or omissions in this material. In spite of this, errors may creep in. Any mistake, error or discrepancy noted may be brought to our notice which shall be taken care of in the next edition. In no event the author shall be liable for any direct, indirect, special or incidental damage resulting from or arising out of or in connection with the use of this information. *(We consider various sources including ET, BS, HT, Taxmann etc.)