The amount in challenge before ITAT & HC is what is relevant for determining tax effect below which Department appeal to HC is barred by CBDT Circular.
Late sh. Gyan Chand Jain v. Commissioner of Income Tax [2022] 137 taxmann.com 323 (SC)
EPFO releases circular clarifying computation of Interest on P.F. Contributions exceeding prescribed limit.
Circular No: WSU/6(1) 2019/Income Tax/Part-I (E-33306) [05-04-2022].
Canada, United Kingdom of Great Britain and Northern Ireland, and United States of America notified u/s 89A of Income-tax Act – Export Turnover – Tax relief in relation to.
Notification S.O. 1568(E) [No. 25/2022/F. No: 370142/7/2022-TPL], Dated 4-4-2022.
Forex fluctuation on repayment of foreign currency loans taken to purchase capital equipment for leasing/HP activity, is deductible u/s 37(1).
Wipro Finance Ltd. v. Commissioner of Income-tax [2022] 137 taxmann.com 230 (SC) [12-04-2022].
SC stays HC’s observations declaring faceless assessment as non-est u/s 144B(9), in view of repeal of section 144B(9) w.r.e.f. 01-04-2021 by Finance Act, 2022.
National Faceless Assessment Centre v. Mantra Industries Ltd. [2022] 137 taxmann.com 210 (SC) [11-04-2022].
HC cannot dismiss appeal u/s 260A by simply observing that no substantial question of law is involved; HC Order must be reasoned and speaking Order.
Principal Commissioner of Income-tax v. Bajaj Herbals (P) Ltd., [2022] 137 taxmann.com 110 (SC) [07-04-2022].