Section 194J – Provision for legal and professional charges – where assessee made year end provision for payments towards legal and professional charges, since said provisions made at end of accounting year were reversed in the beginning of next year and neither payee nor exact amount payable were identifiable during year end and, further assessee had deducted tax at source in subsequent year on said payments in accordance with section 194J and also remitted same, no TDS was to be deducted on such payments by assessee during relevant year.
Subex Ltd. v. DCIT – [2023] 148 Taxmann.com 271 (Karnataka).
CBDT allows NR not having PAN to manually file Form 10F till 30-9-2023.
NOTIFICATION F.NO. DGIT(S) – ADG (S) – 3/E – FILING NOTIFICATION/FORMS/2023/13420, DATED 28-3-2023.
Last date to link PAN with Aadhar extended to June 30, 2023: CBDT
Press Release dated 28-3-2023.
CBDT notifies a list of consequences that will apply to a person if his PAN becomes in-operative.
Notification No. 15/2023, dated 28-3-2023.
Section 144B – SC allows Revenue to file a review application to HC against impugned HC judgement as it was based on section 144B(9) which was subsequently retrospectively omitted.
National Faceless Assessment Centre v. Mantra Industries Limited – [2023] 148 taxmann.com 421 (SC).
Section 158BE – Date of panchnama last drawn is the starting point of limitation of 2 years u/s 158BE for completing block assessment.
Anil Minda v. Commissioner of Income-tax – [2023] 148 taxmann.com 407 (SC).