Sec. 153A – Notice issued in SLP against order of HC that AO while passing order u/s 153A read with section 143(3), ordinarily cannot disturb assessment/re-assessment order which has attained finality, unless material gathered in the course of proceedings establish that finalised assessments are contrary to material unearthed during course of section 153A proceedings.
Principal Commissioner of Income-tax (Central) v. Delhi International Airport (P.) Ltd. – [2023] 147 taxmann.com 261 (SC).
CBDT issues Corrigendum to notification notifying ITR forms (ITR 1-6) for AY 2023-24.
G.S.R 156 (E), Dated 28-2-2023.
Section 144C – SLP granted against HC order that section 144C and 153 are mutually inclusive and not mutually exclusive as both contain provisions relating to section 92CA and are interdependent and overlapping and hence, period of limitation prescribed under section 153(2A) or 153(3) is applicable and, when matters are remanded back irrespective of whether it is to AO or TPO or DRP, duty is on AO to pass orders within stipulated time.
Commissioner of Income-tax v. Roca Bathroom Products (P.) Ltd. – [2023] 147 taxmann.com 224 (SC).
Section 92C – Comparables, factor to determine – SC dismisses tax department’s SLP against HC judgement in TP case and leaves the question of law on whether HC can consider findings of ITAT/TPO, open.
Principal Commissioner of Income-tax, 3 v. Evalueserve.com (P.) Ltd. – [2023] 147 taxmann.com 466 (SC).
Follow instruction no. 7/2017 carefully for revision/rectification if revenue audit objection is accepted: CBDT to Tax Officers
Instruction F.No. 246/06/2023, Dated 16-2-2023.
CBDT notifies new audit reports to be furnished by charitable or religious trusts and other institutions.
Notification No. 7/2023, Dated 21-2-2023.