No violation of principles of natural justice if assessee utilised short time-limit given to him to file objections.
Shanavas M. v. National Faceless Assessment Centre – [2022] 141 taxmann.com 74 (Kerala).
Sec. 92C – TP – Where assessee had 100 % imported traded goods which resulted in higher customs duty than comparables, suitable adjustments on account of customs duty should be made to iron out differences of Profit between profit of assessee company and comparables.
Deputy Commissioner of Income-tax v. India Kawasaki Motors (P.) Ltd. – [2022] 141 taxmann.com 22 (Pune-Trib.).
CBDT notifies Forms No. 1 & A to be furnished by person claiming COVID-19 tax exemptions.
Notification No. 91/2022, dated 05-08-2022.
CBDT notifies list of documents to be submitted by employee to claim exemption on sum received for COVID-19 treatment.
Notification No. 90/2022, dated 05-08-2022.
Transfer of assessment is invalid where assessee is not given personal hearing before transfer.
Muruliwala Agrotech Pvt. Ltd. v. UOI, 2022-TIOL-1079-HC-RAJ-IT.
Not striking of irrelevant matter in notice can vitiate penalty proceedings.
Mukund Trikamlal Parmar Vs. ITO, 2022-TIOL-855-ITAT-MUM.