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.
Sec. 194C – ‘OLA’ is not liable to deduct tax u/s 194C while making payment to Cab Drivers.
ANI Technologies (P.) Ltd. v. DCIT (TDS) – [2022] 142 taxmann.com 442 (Chandigarh-Trib.).
Sec. 115JB – Notice was issued in SLP filed against HC order that provisions of section 115JB, as it stood prior to its amendment by Finance Act, 2012, would not be applicable to a banking company, governed by provisions of Banking Regulation Act, 1949.
Principal Commissioner of Income-tax v. Central Bank of India – [2022] 142 taxmann.com 184 (SC).
Sec. 9 – Foreign tax credit cannot be disallowed where assessee has filed Form No. 67 before completion of the assessment.
Sonakshi Sinha v. Commissioner of Income-tax – [2022] 142 taxmann.com 414 (Mumbai-Trib.).