CBDT Notifies Form 29D to get refund of tax deducted under section 195.
Notification No. 98/2022, dated 17-08-2022.
TCS provisions u/s 206C(IG) do not apply to NR – buyer who does not have PE in India.
CBDT Notification No. 99/2022, dated 17-8-2022.
Sec. 115JB – Electricity Companies – Notice issued in SLP against High Court Order that provisions of section 115JB as it stood prior to its amendment by virtue of Finance Act, 2012, would not be applicable to assessee, an electricity generation company.
Principal Commissioner of Income-tax v. Ajmer Vidyut Vitran Nigam Ltd. – [2022] 141 taxmann.com 161 (SC).
Explanation protecting disclosure of reason to believe of search to any person are constitutionally valid.
SRS Mining v. Union of India – [2022] 141 taxmann.com 272 (Madras).
Receipts from sale of Carbon Credits, which is generated due to environmental concerns, is a capital receipt.
Dwarikesh Sugar Industries Ltd. v. Assessing Officer, National Faceless Assessment Centre, Delhi, 2022-TIOL-889-ITAT-MUM.
No violation of principles of natural justice if assessee utilised short time-limit given to him to file objections.
Shanavas M. v. National Faceless Assessment Centre – [2022] 141 taxmann.com 74 (Kerala).