Judgement

Court rules that reassessment proceedings u/s. 147/148 of the Income Tax Act must be conducted by Faceless Assessing Officers under the 2022 Faceless Scheme; notice by Jurisdictional Officer invalid

HC Quashes Reassessment Notice Issued by Jurisdictional Officer Instead of Faceless Officer

The ITAT sent the case back to Assessing Officer for fresh verification of the assessee’s Rs. 2.47 crore capital investment after new evidence was produced.

ITAT Remands Case on Unexplained Capital Introduction under Section 69A for Fresh Assessment

Court Follows Earlier Rulings; Faceless Assessment Scheme Must Govern Reassessment Even in Search-Linked Cases

HC Quashes Reassessment in Search Case: Notice Issued by Jurisdictional AO Held Invalid

Regarding the Subscription fee, the Tribunal cited the decision of the Delhi HC which held that if an agreement creates interest or the right to use a copyrighted article, the payments for such use do not form a royalty.

Administration Fee and Subscription Fee are Not Royalty Under Income Tax: ITAT

The ITAT Mumbai held that TDS is not required on year-end expense provisions when payees are not identified and directed the Assessing Officer to verify if TDS was later deducted and paid.

TDS Not required on Year-End Expense Provisions Where Payees Are Not Identified, Says ITAT

The Madras High Court disposed of the writ petition and directed the Assistant Commissioner of State Tax to decide the taxpayer’s pending GST revocation application within 30 days.

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HC Quashes Reassessment Notice Issued by Jurisdictional Officer Instead of Faceless Officer

ITAT Remands Case on Unexplained Capital Introduction under Section 69A for Fresh Assessment

HC Quashes Reassessment in Search Case: Notice Issued by Jurisdictional AO Held Invalid

Administration Fee and Subscription Fee are Not Royalty Under Income Tax: ITAT

TDS Not required on Year-End Expense Provisions Where Payees Are Not Identified, Says ITAT

Madras High Court Directs GST Officer to Decide Revocation Application Within 30 Days