Where Assessing Authority directed assessee to deposit 20% of demand of tax for stay of whole demand and had dealt with all issues rained by assessee, Assessing Authority was justified in not exercising discretion to grant unconditional stay or stay on payment of lesser amount than 20% of tax demand.
Mascot Construction Co. v. Principal Commissioner of Income-tax – [2022] 138 taxmann.com 443 (Bombay).
CBDT revises guidelines for compulsory selection of ITRs for scrutiny during F.Y. 2022-23.
Notification F. No. 225/81/2022/ITA-II, dated 03-06-2022.
UN releases Model Double Taxation Convention 2021.
Court not obliged to consider those judgements which are not cited during oral arguments but are submitted after the conclusion of the arguments.
Distributors India Logistics LKO Vs. UOI, 2022-TIOL-794-HC-ALL-IT.
CBDT notifies Faceless Penalty (Amendment) Scheme, 2022; Omits Regional Faceless Penalty Centres.
Notification No. 54/2022, dated 27-5-2022.
GAAR cannot be invoked to deny sanction of amalgamation, Tax Dept. may invoke it during assessment: NCLT.
Panasonic India Pvt. Ltd. In re – [2022] 138 taxmann.com 570 (NCLT-Chd.).