Central Government notifies Special Court in Himachal Pradesh for the purpose of Income-tax & Black Money Act.
Notification S.O. No. 5248(E), dated 11-11-2022.
ITAT quashes time – barred assessment as no effort was made to forward draft order to new address intimated to AO.
DSV Solutions (P.) Ltd. v. DCIT – [2022] 144 taxmann.com 181 (Mumbai-Trib.).
Director holding no share in a company cannot be treated as AE merely because he is described as ‘Key Managerial person’.
DCIT v. Reliance Industrial Holdings (P.) Ltd. – [2022] 144 taxmann.com 180 (Mumbai-Trib.).
Benefit of LTA is not avoidable if employees undertake domestic travel with a foreign leg.
State Bank of India v. ACIT – [2022[ 144 taxmann.com 131 (SC).
Section 35 – Where assessee had made an application for certification of R&D expenditure incurred by it in respect of all its R&D units and application was accompanied by auditors report, DSIR was statutorily bound to issue Form 3CL within 120 days in accordance with rule 6(7A)(ba), certifying expenditure incurred by assessee on its in-house R&D units.
SRF Limited v. Union of India – [2022] 143 taxmann.com 332 (Delhi).
CBDT releases Explanatory notes to provisions of the Finance Act, 2022.
Circular No. 23/2022, dated 03-11-2022.
Central Excise – Blending of turpentine oil in furnace oil with electric motor for reducing viscosity and selling same under different name and brand would amount to manufacture.
SRK Petrochemicals Ltd. v. Commissioner of Central Excise (Chandigarh) – [2022] 144 taxmann.com 22 (SC).
ICEGATE helpdesk is functional for redressal of RoDTEP related grievance.
Trade Notice No. 20.2022-23 dated 31-10-2022.
Goods correctly detained as description of goods & tax rate mentioned in document is different from goods transported.
Shrimali Industries (P.) Ltd. v. State of Rajasthan – [2022] 143 taxmann.com 438 (Rajasthan).
Creditor has priority over Income Tax Department if lien was created by assessee in favour of such creditor.
IFCI Factors Ltd. v. Bank of India – [2022] 143 taxmann.com 313 (Delhi).