Permanent-establishment reassessment cannot revisit scrutinised disclosures; extended reopening fails without undisclosed material facts and within st...
Modified returns after business reorganisation must be assessed within pending proceedings, barring parallel scrutiny and consequential transfer prici...
Compensation payable to land losers under the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013 is not subject to income-tax deduction or payment. Tax deducted at source from such compensation is refundable. Where a refund claim is affected by non-filing of the return or delay, the prescribed condonation application and return must be filed to enable processing of the refund. The stated position treats the statutory land-acquisition compensation as outside the scope of taxable income for TDS purposes.
Compensation payable to land losers under the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013 is not subject to income-tax deduction or payment. Tax deducted at source from such compensation is refundable. Where a refund claim is affected by non-filing of the return or delay, the prescribed condonation application and return must be filed to enable processing of the refund. The stated position treats the statutory land-acquisition compensation as outside the scope of taxable income for TDS purposes.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4891 
