ITR cannot be treated as invalid until assesse’s request for condonation of delay in furnishing ITR-V is pending.
Anagha Vijay Deshmukh v. DCIT – [2023] 147 taxmann.com 477 (Pune – Trib.).
68,000 cases taken up for verification under e-Verification Scheme, 2021: CBDT.
Press Release, Dated 13-3-2023.
ITAT cannot remand matter to AO if case was remanded to it by HC with specific direction.
Pooja Agarwal v. Commissioner of Income-tax – [2023] 147 taxmann.com 396 (Rajasthan).
Section 37 – Compensation paid to subsidiaries to recoup business losses occurred due to assessee allowable u/s 37.
Principal Commissioner of Income-tax v. Industrial Development Corporation of Odisha Ltd. – [2023] 147 taxmann.com 298 (Orissa).
CBDT issues Corrigendum to ITR-7 notified for AY 2023-24.
Corrigendum G.S.R. 164(E), Dated 3-3-2023.
Sec. 50C would not be made applicable to determine capital gains on compulsory acquisition of land by NHAI as question of payment of stamp duty for effecting such transfer would not arise.
Principal Commissioner of Income-tax v. Durgapur Projects Ltd. – [2023] 148 taxmann.com 50 (Calcutta).