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2023-TIOL-NEWS-096 Part 2 | April 26, 2023

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INCOME TAX

2023-TIOL-514-ITAT-MUM

Owens Corning (Singapore) Pvt Ltd Vs DCIT

Whether incases of no transfer of technology involved in process of re-fabrication of the bushings, can it be taxed under Article 12 of the Indo-Singapore tax treaty - NO: ITAT

- Assessee's appeal allowed: MUMBAI ITAT

2023-TIOL-513-ITAT-MUM

Dosch Pharmaceuticals Pvt Ltd Vs DCIT

Whether the ITAT should interfere directly in those grounds of appeal which has been not been challenged before CIT(A) - NO: ITAT

- Assessee's appeal allowed: MUMBAI ITAT

2023-TIOL-512-ITAT-PUNE

T And T Infra Ltd Vs DCIT

Whether tribunal's inherent jurisdiction u/s.254(1) of the Act comprising of the clinching statutory expression "may pass any order thereupon as it thinks fit" must be expressed in widest terms - YES: ITAT

- Assessee's twin appeals dismissed: PUNE ITAT

2023-TIOL-511-ITAT-CHD

Jaswant Singh Vs ITO

Whether there was a nexus between the sources of deposits and sale transactions of the assessee - YES: ITAT

- Assessee's appeal dismissed: CHANDIGARH ITAT

 

 

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NEWS FLASH

 

Chinese President makes first call to Ukrainian counterpart

UK Regulator stalls Microsoft bid to acquire video game firm Activision

11 District Reserve Force personnel martyred in Maoist IED attack in Chhattisgarh's Dantewada

China issues stern criticism for USA-Taiwan military exchanges

Jailed Russian opposition leader Alexei Navalny to face fresh trials

TOP NEWS

 

National Conclave on Mann Ki Baat - Nari Shakti - Kiran Bedi urges citizens to drop idea of women being Paraya Dhan to address insecurity in women

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