Sec. 68 – SLP dismissed against impugned order of HC that where assessee though had disclosed source of deposit but could not establish nature thereof, addition made u/s 68 was justified.
Rupal Jain v. CIT – [2023] 152 taxmann.com 346 (SC).
Family relocation, children’s education and medical insurance in Indonesia sufficient to hold assessee resident of Indonesia.
Narinder Pal Singh v. ACIT – [2023] 152 taxmann.com 356 (Delhi – Trib.).
Sec. 2(15) – Charitable Purpose – Assessee – trust formed for limited purpose of managing statutory obligations in the form of gratuity payable to employees of parent trust would fall within the ambit of advancement of general public utility and, hence, its activities were to be considered as charitable as defined in section 2(15) and, accordingly, assessee was to be granted registration u/s 12AA.
ICRW Group Gratuity Trust v. CIT(E) – [2023] 152 taxmann.com 329 (Delhi – Trib.).
No section 194I TDS on lease rental received by unit of IFSC claiming deduction u/s 80LA.
Notification No. 57/2023, dated 1-8-2023.
CBDT notifies Form 3AF to be furnished by assessee claiming deduction u/s 35D.
Notification No. 54/2023, dated 1-8-2023.
Section 127 would apply only to those cases where there is a transfer of a case from one jurisdiction to other, and not a transfer of jurisdiction of assessee from one place to another.
Alliance Broadcasting (P.) Ltd. v. ACIT – [2023] 152 taxmann.com 292 (Madras).