KSEB is not liable to MAT; Tax collected by KSEB as agent of Kerala Government cannot be disallowed u/s 43B.
Deputy Commissioner of Income-tax v. Kerala State Electricity Board – [2022] 141 taxmann.com 341 (SC).
Prior-period Expenditure – Where bills for prior-period expenditure incurred by assessee were received during relevant year, liability towards said expenditure has crystallised during year and, thus, such prior period expenditure was to be allowed u/s 37(I) during the year.
ACIT v. National Agricultural Co-operative Marketing Federation of India – [2022] 141 taxmann.com 108 (Delhi-Trib.).
Section 260A – Even in transfer of case u/s 127, appeal against ITATs decision shall lie to the HC in whose jurisdiction on the AO who passed the assessment order is situated.
Principal Commissioner of Income-tax – I, Chandigarh v. ABC Paper Ltd. – [2022] 141 taxmann.com 332 (SC).
CBDT extends time limit for furnishing of Form 67; FTC can be claimed at the time of filing belated & updated tax return.
Notification No. 100/2022/F. No. 370142/35/2022/ – TPL, dated 18-08-2022.
CBDT Notifies Form 29D to get refund of tax deducted under section 195.
Notification No. 98/2022, dated 17-08-2022.
TCS provisions u/s 206C(IG) do not apply to NR – buyer who does not have PE in India.
CBDT Notification No. 99/2022, dated 17-8-2022.
Sec. 115JB – Electricity Companies – Notice issued in SLP against High Court Order that provisions of section 115JB as it stood prior to its amendment by virtue of Finance Act, 2012, would not be applicable to assessee, an electricity generation company.
Principal Commissioner of Income-tax v. Ajmer Vidyut Vitran Nigam Ltd. – [2022] 141 taxmann.com 161 (SC).
Explanation protecting disclosure of reason to believe of search to any person are constitutionally valid.
SRS Mining v. Union of India – [2022] 141 taxmann.com 272 (Madras).
GST – Overlooking of settled position of law by Principal Commissioner is prima facie contempt of court. Cash credit account could not be provisionally attached u/s 83 of CGST Act.
Manish Scrap Traders v. Principal Commissioner. – [2022] 141 taxmann.com 153 (Gujarat).