One additional member to be nominated to decide advance rulings in case of difference of opinion.
Notification No. S.O. 2569 (E), dated 12-6-2023.
CBDT notifies ‘348’ as Cost Inflation Index for Financial Year 2023-24.
Notification No. S.O. 2571 (E), dated 12-6-2023.
CBDT eliminates the mandatory digital signing requirement for Advance Ruling applications.
Notification No. G.S.R. 432(E), dated 12-6-2023.
No relaxation from clubbing of income provisions just because income is payable to minor after she attains majority.
SIBI JOY v. ITO – [2023] 150 taxmann.com 524 (Kerala).
Section 2(47) – Transfer – Cost of incomplete construction to be treated as consideration if Developer unable to complete project under Joint Development Agreement.
Pulikkaparambil George Jacob v. ITO – [2023] 150 taxmann.com 314 (Cochin-Trib.).
ITAT Special Bench Members benchmark ‘Bundle of sports broadcasting rights’ with ‘Other Method’ as being Most Appropriate Method, Vice President disagrees.
Star India (P.) Ltd. v. ACIT – [2023] 151 taxmann.com 77 (Mumbai-Trib.) (SB).