SLP dismissed against impugned order of the HC that where assessee paid security deposit as per lease agreement for a property and later agreed to not claim refund of said deposit to resolve dispute with lessor, since character of security deposit was capital in nature, same could not be treated as revenue expenditure merely because it was paid in the course of dispute.
Mahle Anand Filter Systems (P.) Ltd. v. ACIT – [2023] 153 taxmann.com 140 (SC).
Inflation-linked valuation of rent-free accommodation covers house taken on lease/rent.
Notification No. 72/2023, dated 29-8-2023.
Sec. 288 – Preference to CAs over Cost Accountants for Director (Finance) post by Central Public Sector Enterprises is not discriminatory and is not violative of Art. 14 of Constitution of India.
Ruchir Agrawal v. Public Enterprises Selection Board – [2023] 153 taxmann.com 721 (Delhi).
CBDT notifies Rules 13 & 13A to implement Finance Act, 2023 amendments related to search and seizure.
Notification No. 70/2023, dated 28-8-2023.
Sec. 149 – Period of limitation – Notice issued in SLP against order of High Court that reassessment notice issued for AY 2013-14 and 2014-15 under old regime after expiry of six years limitation period were barred by limitation and Notification Nos. 20/2021 and 38/2021, dated 31-3-2021 and 27-4-2021 respectively, cannot extend time period provided under proviso to section 149(1).
ITO v. Keenara Industries (P.) Ltd. – [2023] 153 taxmann.com 205 (SC).