By
Taxscan Team - On April 26, 2021 10:15 am
The Income Tax Appellate Tribunal (ITAT), Hyderabad Bench held that the exemption can not be disallowed under India-Austria Double Taxation Avoidance Agreement (DTAA) only for want of Tax Residency Certificate (TRC).
The assessee, Ranjit Kumar Vuppu is a Non- resident individual, filed his return of income for the A.Y 2014-15 on 31.07.2014 admitting total income of Rs.10,04,580/-. During the assessment proceedings under section 143(2) of the Act pursuant to selection of his return of income for scrutiny under CASS, the assessee was required to furnish certain information and the said information was furnished by the assessee.
Income Tax: CBDT notifies Norway Based Fund Norfund as Sovereign Wealth Fund for exemption u/s 10(23FE)
taxscan.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from taxscan.in Daily Mail and Mail on Sunday newspapers.
MCA notifies amendment in director s remuneration
taxscan.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from taxscan.in Daily Mail and Mail on Sunday newspapers.
By
Taxscan Team - On March 15, 2021 5:38 pm
The Delhi High Court directed the matter to the Inspecting Committee of Judges to decide on the issue of Kyrgyzstan National possessing 3 Kgs of Gold at the Airport to go back to Kyrgyzstan.
The allegations leveled against the Ms. Aida Askerbekova and Begaim Akynova holders of Kazakhstan Passport by the Customs Authority are to the effect that they were intercepted at the IGI Airport, New Delhi, having arrived from Almaty and 3150 gms of gold was recovered from the possession of the petitioner and 1875 gms of gold was recovered from the possession of the petitioner with the consolidated recovery as per the Customs Department being 5025 gms which was valued at Rs.1,91,74,395.