Section 158BE – Date of panchnama last drawn is the starting point of limitation of 2 years u/s 158BE for completing block assessment.
Anil Minda v. Commissioner of Income-tax – [2023] 148 taxmann.com 407 (SC).
Section 37(1) – CSR Expenditure – Explanation (2) appended to section 37(1) by Finance Act, 2014 w.e.f. 1-4-2015 is applicable prospectively from AY 2015-16; therefore, CSR expenditure incurred by assessee on or before 31-3-2014 was to be allowed as deduction u/s 37(1).
Principal Commissioner of Income-tax v. Steel Authority of India Ltd. – [2023] 148 taxmann.com 132 (Delhi).
IT Dept. launches mobile app ‘AIS’ for Taxpayers to view info available in AIS/TIS.
Press Release dated 22-3-2023.
Assessee can raise jurisdictional issue in Misc. Petition before ITAT even if matter travelled to HC.
YCH Logistics (India) (P.) Ltd. v. DCIT – [2023] 148 taxmann.com 118 (Chennai – Trib.).
Circular 6/2016 giving choice to treat shares as stock-in-trade or capital asset has retro effect.
CIT v. Century Flyboards (I) Ltd. – [2023] 148 taxmann.com 301 (Calcutta).
Section 292B – Assessment framed on non-existing company (amalgamated company) is to be quashed as it is not mere procedural irregularity which can be cured u/s 292B.
Inox Wind Energy Ltd. v. Income-tax Officer – [2023] 148 taxmann.com 289 (Gujarat).