IT Dept. launches mobile app ‘AIS’ for Taxpayers to view info available in AIS/TIS.
Press Release dated 22-3-2023.
Assessee can raise jurisdictional issue in Misc. Petition before ITAT even if matter travelled to HC.
YCH Logistics (India) (P.) Ltd. v. DCIT – [2023] 148 taxmann.com 118 (Chennai – Trib.).
Circular 6/2016 giving choice to treat shares as stock-in-trade or capital asset has retro effect.
CIT v. Century Flyboards (I) Ltd. – [2023] 148 taxmann.com 301 (Calcutta).
Section 292B – Assessment framed on non-existing company (amalgamated company) is to be quashed as it is not mere procedural irregularity which can be cured u/s 292B.
Inox Wind Energy Ltd. v. Income-tax Officer – [2023] 148 taxmann.com 289 (Gujarat).
Section 9 – Dividend – Notice issued in SLP filed against order of the HC that dividend received by a Switzerland based company from an Indian company would bear a lower withholding tax rate of 5% instead of 10% in view of MFN clause in protocol to India-Switzerland DTAA.
Income-tax Officer v. Golderma Pharma SA World Trade Centre – [2023] 147 taxmann.com 517 (SC).
Sec. 144B – Denial of personal hearing is violative of provisions of section 144B(6)(vii).
D.B.Engineering (P.) Ltd. v. National Faceless Assessment Centre, Delhi – [2023] 147 taxmann.com 472 (Delhi).