Notice issued in the name of struck off company is valid if NCLT restored its name after issue of notice.
Ravinder Kumar Aggarwal v. ITO – [2023] 146 taxmann.com 205 (Delhi).
Section 41(1) cannot be invoked for liability against purchase of defective machinery that was never put to use.
Marvelore Mining & Allied Industries (P.) Ltd. v. ITO – [2023] 146 taxmann.com 212 (Surat Trib.).
Dividend received by FII on Indian Depository Receipts in its UK bank account cannot be taxed in India.
Barclays Capital Mauritius Limited v. ACIT – [2023] 146 taxmann.com 134 (Mumbai – Trib.).
CBDT’s guidelines for compounding offences cannot restrict AO’s powers to consider application on its own merit.
Footcandles Films (P.) Ltd. v. Income-tax Officer – [2023] 146 taxmann.com 304 (Bombay).
Section 158BFA – Assessee who is a person other than searched person is liable to pay interest u/s 158BFA(1) on late filing of return u/s 158BC even in absence of notice u/s 158BC.
K. L. Swamy v. Commissioner of Income-tax – [2023] 146 taxmann.com 268 (SC).
SC ends discrimination against Sikkimese woman marrying a non-Sikkimese, struck down proviso to section 10(26AAA).
Association of Old Settlers of Sikkim v. Union of India – [2023] 146 taxmann.com 271 (SC).