CBDT notifies Form 69 for making application for re-computation of income due to disallowance of surcharge/cess.
Notification No. 111/2022, dated 28-09-2022.
TPO cannot ignore certificates issued by third-party vendors of AE confirming price charged from assessee.
Kimberly-Clark Lever (P.) Ltd. v. ACIT – [2022] 142 taxmann.com 329 (Pune-Trib.).
No provision allows AO to retain documents of title as security for any tax liability that may arise in future.
Mutukoya T. v. Commissioner of Income-tax – [2022] 142 taxmann.com 327 (Kerala).
Assessee cannot insist for physical hearing as same is not permissible under faceless assessment scheme.
Gurumukh Ahuja v. Income-tax Department – [2022] 142 taxmann.com 275 (Madhya Pradesh).
Due date to file modified return extended to 31-03-2023 if order of business organisation issued till 30-09-2022.
Order F. No. 370142/4I12022-T, dated 26-09-2022.
Export of software embedded on hardware is eligible for deduction u/s 10A, and the same cannot be denied merely because assessee is not manufacturer of that hardware.
Subex Ltd. Vs. DCIT, 2022-TIOL-1222-HC-KAR-IT.
State of Andhra Pradesh cannot retain Central sales tax paid by assessee on transaction of inter-state sale with respect to vehicles sold to APSRTC, which was actually payable to State of Jharkhand.
Tata Motors Ltd. v. Central Sales Tax Appellate Authority, 2022-TIOL-81-SC-VAT.
Consulting Engineering service received from abroad prior to 18-04-2006 was not taxable under reverse charge mechanism in hand of recipient in India.
GST Delhi v. Sojitz Corporation – [2022] 142 taxmann.com 391 (SC).
Penalty was not imposable on assessee having bonafide belief on credit admissibility.
SAIL (SC).
Irrespective of number of judges constituting majority in Larger Bench, Majority Decision of a Larger Bench would prevail over decision of lower bench.
Trimurthi Fragrances (P.) Ltd. v. Govt. of NCT of Delhi – [2022] 142 taxmann.com 390 (SC).