AO cannot make additions based upon inflated stock shown in stock statement submitted to bank.
SRI Chitta Ranjan Bera v. ITO – [2023] 150 taxmann.com 277 (Calcutta).
Canada Supreme Court upholds invoking GAAR in a case where taxpayer circumvented a SAAR which denied loss carryovers.
Deans Knight Income Corporation v. His Majesty the King – [2023] 150 taxmann.com 508 (SCC).
CBDT amends Rule 45/46A and Form 35 to enable filing of appeal before JCIT(A).
Notification No. 32/2023, dated 29-5-2023.
CBDT notifies e-Appeals Scheme, 2023; implements functioning of JCIT(A).
Notification No. 33/2023, dated 29-5-2023.
Provisions related to transfer of cases continue to exist even after introduction of faceless assessment scheme.
Sanjay Gandhi Memorial Trust v. CIT (Exemption) – [2023] 150 taxmann.com 459 (Delhi).
Section 2(14) – Agricultural land – SLP dismissed against order of HC that mere inclusion of land in Special Zone without any infrastructure does not convert land into non-agricultural land.
CIT v. M. R. Seetharam – [2023] 150 taxmann.com 237 (SC).