Taxmann's Faceless Assessment Appeals & Penalty Ready Reckoner with Real Time Case Studies

Acknowledgement Friends, No amount of joy & satisfaction can match the joy and satisfaction, which a first-time author gets, on knowing that his humble attempts at ‘Book-Writing’, are being read, admired and loved in every nook & corner of the Country.

I wish to convey my sincere gratitude and thanks to all my ‘beloved and adorable readers’, for giving such an overwhelming and encouraging response to my earlier four editions of this Book on Faceless Regime, with Taxmann Publications. It is this encouraging response from the readers only, which has motivated me to pen down this thoroughly revised and updated fifth edition of this Book with Taxmann Publications, on this new faceless phenomenon.

Like my earlier Books, this present ‘Marvel’, has also become possible and has seen the light of the day only because of the selfless contribution and invaluable support, guidance and blessings of some very dear and special people in my life.

My wife Sonia and my little son Dhruv would always remain the first ones who deserve every bit of my gratitude, love, affection and acknowledgement and I owe to them every single second of my personal time which I spent on penning down this piece of writing and not with them. It was their patience, encouragement, unconditional love and invaluable support that motivated me and allowed me to go ahead with this noble pursuit. My wife Sonia has always been the selfless, loving and rock-solid support system for me in all my endeavours.

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T N E M E G D E L W O N K C A

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I also owe my sincere gratitude to my Parents who have always selflessly and lovingly showered and blessed me with all their love, support and guidance through-out. Infact the very idea of this Book was coined by my Father Sh. Shiv Kumar Mohanka, who himself is a seasoned Chartered Accountant. His sound advice of reading and understanding carefully, the ‘in-betweenthe-lines’ provisions in any piece of Legislation, has been instrumental in penning down this piece of Book writing. My Mother Smt. Venu Mohanka, has always been the loving, caring and nurturing strength of my life.

I also owe my sincere gratitude, respect and acknowledgement to the entire Team of Taxmann Publication House, who have given me such a big and reputed platform to showcase my writing skills and have encouraged me and motivated me in every bit of my journey in writing of these Books.

I also owe my sincere gratitude and thanks to our honourable Prime Minister Shri Narender Modi ji & our honorable Finance Minister Smt. Nirmala Sitharaman ji, for creating and conceiving this novel and pathbreaking tax administration reform of ‘Faceless Regime’.

Most importantly, I thank and pray the Almighty who have always blessed me with physical and mental well-being and have always shown me the right path in my life.

Mayank Mohanka

Preface to Fifth Edition This thoroughly revised, updated and very special, fifth edition of my Book, proudly treasures, each and everything, which one may wish to know, understand and learn about the new ‘Faceless Regime’ in Incometax Act, 1961. . e . i

This Book has been curated and crafted with acute precision and incorporates all the practicalities and nuances of the three limbs of the new ‘Faceless Taxation Regime’, , ‘Faceless Assessments’ under the newly substituted section 144B of the Income-tax Act, by the Finance Act, 2022, the newly substituted ‘Faceless Appeal Scheme, 2021’ legislated w.e.f.

28.12.2021 and the ‘Faceless Penalty Scheme, 2021’ incorporated w.e.f.

12.1.2021.

The newly inserted legislative faceless schemes like ‘e-Assessment of Income Escaping Assessment Scheme, 2022, u/s 151A’, ‘Faceless Jurisdiction of Income-tax Authorities Scheme, 2022’ u/s 130, e-Verification Scheme, 2021 u/s 135A, e-Advance Rulings Scheme, 2022 and e-Settlement Scheme, 2021 u/s 245D of the Income Tax Act, have been lucidly explained.

All Important and Relevant CBDT’s Legislative Schemes, Circulars, Notifications & Press Releases on the ‘Faceless Taxation Regime’ updated till 15.4.2022, have been included in this Book. . e . i

All the significant and crucial litigative issues which every assessee or tax professional is bound to encounter in the present statutory framework of the faceless direct taxation regime , faceless assessments/re-assessments, faceless appeal and faceless penalty proceedings, have been lucidly explained and practically demonstrated with the help of real-time practical case studies.

Qualitative suggestive e-submissions/replies, incorporating all the relevant and updated legal jurisprudence, for almost all the important and crucial assessments, re-assessments and appeal issues like addition on account of Belated Deposit of Employees’ Contribution towards PF &

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N O I T I D E H T F I F O T E C A F E R P

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b i i v

ESI, Disallowance of Foreign Tax Credit to Residents on account of Non/ Delayed Filing of Form 67, Disallowance of Unexplained Expenditure, Disallowance of Deduction to Export Oriented Units in Special Economic Zones, Disallowance of Bad Debts, Additions Made on Estimated Income Basis, Additions made in the hands of Group Housing Societies, Doctrine of Mutuality, Addition on account of Existence of Undisclosed HSBC Foreign Bank account, Additions based on AIR information, Cash Deposits during Demonetisation, Share Valuation u/s 56(2)( ), Admission of Additional Evidence under Rule 46A, appeal before ITAT against Revisionary Order u/s 263, appeal against Rectification Order u/s 154, Addition on account of considering Rental Business Income as Income from House Property, Addition of Share Capital and Share Premium u/ss 68 & 56(2)( ), LTCG on Penny Stocks, Bogus Purchases, Seizure of Loose papers/diary, Revenue recognition and expenditure booking in Real-estate sector, Appeal against 201/201(1A) Order, Disallowance of pre-commencement business expenditure, taxability of compensation received for non-agricultural land etc. included in this Book, are surely going to act as a ‘ready referencer’ and benchmark e-submissions for the assessees and the tax professionals in their tax practice. x

This Book characterizes a ‘natural blend of law and practice’ concerning the New Faceless Taxation Regime, and as such serves as an effective, ­efficient, robust and deadly weapon in the armory of the assessees and tax practitioners to combat ‘Faceless Assessments’, ‘Faceless Appeals’, ‘Faceless Penalty’ proceedings, and all other Faceless Schemes, incorporated in Income-tax Act, 1961.

‘Learning and improving is a continuous process’ and so honest and valuable suggestions and feedback are invited and solicited from the ‘worthy readers’, at my email id mayankmohanka@gmail.com for further improvement.

Knowledge multiplies manifold by sharing.

It is a supreme form of wealth.

With Warm Regards Mayank Mohanka

About the Book t u o b ra o f

r u o Y &

a s i k o o B s i h T

o t h s i w y a m u o Y h c i h w ,

‘READY RECKONER’ ‘Go-TO-GUIDE’ each and everything Know, Understand & Learn New ‘Faceless Taxation Regime’.

Crafted with acute precision, this Special & Exclusive Edition of the Book, e h t

f l y o e t m u i o t g d n n i y a r l r a a n c o n s i i s s e r f e o n r o p i t , i e t c v i a t r a p i t l x a a u t d q n e , a v s t i e c e e s f s f e e s s n a a e n h i t t r o p p u s d n a p r l e e n hr n i a le l i h m wt s t i y b d e s i r e t c a r a h c s i k o o B s i h T

faceless assessments, faceless appeals, faceless penalty and all other faceless proceedings, .

‘Threadbare Analysis of the Newly Amended Faceless Regime by the Finance Act, 2022’ -

s e nx e s nh i ai i e t t s l s eas de e e mp nt s aa r o s p caa tt s s n n e d e I h n no fa t om o l h l e y na nd i r t A d o u f .n r a c y s t n i l i ti a n t l au p c l x fi a ew i c e n i oN t gc t i s a ke oh dr ot enp fhh d a Bo tln ssgn a a i u i e h e i oicc t t , u r t i r nr n h c i t a g v ey ge dt nl i at e s i r s mn a . s per nd s en mne ea e n o bs m o c t i nmt sc i a e e t ic hp ,g t s a ta n nr r ei p ol v m a f ax f c t a h e i r t t s eca ae d p a r e eu n r e hd nt cpi sa ‘step-by-step-manner’ new e-Proceedings utility

‘Faceless Taxation Regime’ ‘real-time practical case studies’ new e-Filing portal -

Key Highlights: u The newly substituted section 144B containing amended provisions for ‘Faceless Assessment’ and the Amended Legislative Scheme of ‘Faceless Appeal Scheme, 2021’ and ‘Faceless Penalty Scheme, 2021’, have been explained lucidly with illustrative tables, infographics, visuals & real-time scrutiny windows. u ‘Real-time Practical Case Studies’ on ‘Faceless Assessments/ Reassessments/Appeal/Penalty Proceedings’ on issues of: n Addition on account of Belated Deposit of Employees’ Contribution towards PF & ESI n Disallowance of Foreign Tax Credit to Residents on account of Non/Delayed Filing of Form 67 n Disallowance of Unexplained Expenditure n Disallowance of Deduction to Export Oriented Units in Special Economic Zones I-9

K O O B E H T T U O B A

Disallowance of Bad Debts n Additions made on Estimated Income Basis n Additions made in the hands of Group Housing Societies n Addition on account of HSBC Foreign Bank Account n Reassessment on account of Information from another IT Authority n Admission of Additional Evidence under Rule 46A n Cash Deposits out of Earlier Cash Withdrawals n Addition on account of considering Rental Business Income as Income from House Property n Appeal against Revisionary Order u/s 263 n Appeal against TDS Order u/s 201/201(1A) n Appeal against Rectification Order u/s 154 n Cash Deposits during Demonetisation n Valuation of Shares u/s 56(2)(x) n Share Capital u/s 68 n Share Premium u/s 56(2)(viib) n LTCG on Penny Stocks n Disallowance of Pre-commencement Business Expenditure n Taxability of Compensation received under RFCTLAAR Act, 2013 n Revenue Recognition & Expenditure Booking in Real Estate Business n Bogus Purchases n Seized Diary n AIR/STR information Specimens of Suggestive Qualitative & Meritorious ‘e-Responses/ Submissions’ on all above critical and recurring issues, which one encounters in tax practice.

Practicalities & Nuances of Differences between the Conventional Assessments, Appeals and Penalty Proceedings & the New Faceless Assessments, Appeals and Penalty Proceedings.

Practical Guide to ‘Faceless Assessments’, ‘Faceless Appeals’ & ‘Faceless Penalty’ Proceedings, demonstrating their actual conduct in a ‘Step-by-Step Manner’ through ‘Real-time’ ‘e-Proceedings’ windows.

Practical Guide to ‘e-Filing of Rectification Applications u/s 154’ & ‘e-Responses to Outstanding Income Tax Demands’. n

u

u

u

u

I-10

u

u

u u

u

u

K O O B E H T T U O B A

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Practical Guide to Seeking & Utilising the Opportunity of Personal Hearing through Video Conferencing in new e-Proceedings Utility.

Deciphering Critical & Litigative Issues in the Faceless Taxation Regime, like: (i) What would Constitute a Valid Issuance & Service of a Faceless Income Tax Notice; (ii) Whether Omission of section 144B(9), Makes Faceless Assessments conducted in Violation of Principle of Natural Justice, Immune? (iii) Whether NaFAC can be considered as a Lawful Substitute for Recording of Satisfaction by Jurisdictional AO? (iv) Validity of Frequent Transfer of Faceless Assessments & Penalty Cases, from Faceless Hierarchy to Jurisdictional AO (v) Legality of the fixing of the maximum time limit for filing all the ‘e-responses’ by the assessee under the ‘e-proceedings’ functionality under faceless assessments. (vi) Validity of Exercise of Revisionary Powers by an Individual Jurisdictional CIT(Appeal) u/s 263/264, over an Order passed by a Dynamic Jurisdiction in Faceless Hierarchy. (vii) What are adequate Safeguards for Avoiding High-Pitched Assessments in Faceless Regime?

FAQs on the ‘Faceless Taxation Regime’.

Lucid Explanation of the newly inserted legislative faceless schemes like ‘e-Assessment of Income Escaping Assessment Scheme, 2022, u/s 151A’, ‘Faceless Jurisdiction of Income-tax Authorities Scheme, 2022’ u/s 130, e-Verification Scheme, 2021 u/s 135A, e-Advance Rulings Scheme, 2022 and e-Settlement Scheme, 2021 u/s 245D of the Income Tax Act. International Best Practices in Tax Administration & Indian Tax Administration.

All Important and Relevant CBDT’s Circulars, Notifications & Press Releases on the ‘Faceless Taxation Regime’ updated till 15.4.2022.

About the Author Sh. Mayank Mohanka is a seasoned Tax Practitioner, a Fellow Member of the Institute of Chartered Accountants of India and a Bachelor of Commerce, in Honours Degree from Shri Ram College of Commerce (SRCC), Delhi University.

He is a Senior Partner in a Noida based established and reputed CA Firm, M/s S.M. Mohanka & Associates. He is the Founder Director in M/s TaxAaram India Pvt. Ltd., and has recently launched his unique Start-up Venture taxaaram.com, India’s first digital platform offering painless, seamless and cost-effective professional e-services in relation to faceless assessments, appeals and other statutory e-compliances.

He has a 16+ years of rich and profound experience in the field of Taxation (Direct & Indirect), and Advisory. He makes Representations for a widely diversified cross section of industries including Power Sector, Banking & Finance, Real Estate, Food Processing, Infrastructure, Manufacturing, Education and Information Technology, before Authority for Advance Rulings, ITAT, Education Boards and other appropriate forums.

He has to his credit 100 distinguished, informative, useful and practically oriented published articles in reputed journals, sites and platforms including Taxmann, on wide ranging subjects including Income Tax, GST, PF, ESI, IBC, Corporate Laws, Education Acts & FEMA.

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R O H T U A E H T T U O B A

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He has also authored a ‘Best Seller’ Professional Book titled “Case Studies & Procedures under Direct Tax Vivad se Vishwas Act, 2020”, with Taxmann Publications, and the Book ‘SUPER 21’, treasuring his real-life winning representations on Income Tax, GST, PF, ESI, IBC & Banking Regulation Act, in his professional practice.

Chapter-Heads PAGE

Acknowledgement

I-5

Preface to fifth Edition

I-7

About the book

I-9

About the author

I-13

Contents

I-19

“WHAT‘S IN A FACE”?

(A Poetic Tribute to the New Era of Faceless Assessments) CHAPTER 1 : EVOLUTION OF FACELESS REGIME: FROM CATERPILLAR TO BUTTERFLY CHAPTER 2 : AMENDED FACELESS REGIME IN FINANCE ACT, 2022 CHAPTER 3 : PRACTICAL GUIDE TO e-PROCEEDINGS CHAPTER 4 : PRACTICAL CASE STUDY ON ADDITION OF RECEIPTS OF A RESIDENTS’ WELFARE SOCIETY IN FACELESS ASSESSMENTS CHAPTER 5 : PRACTICAL CASE STUDY ON DENIAL OF FOREIGN TAX CREDIT IN FACELESS ASSESSMENT CHAPTER 6 : PRACTICAL CASE STUDY ON ADDITION OF SHARE CAPITAL & SHARE PREMIUM RECEIPTS IN FACELESS ASSESSMENTS CHAPTER 7 : PRACTICAL CASE STUDY ON ADDITION OF LONG TERM CAPITAL GAIN ON PENNY STOCKS IN INCOME ESCAPING ASSESSMENT CHAPTER 8 : PRACTICAL CASE STUDY ON DISALLOWANCE OF EXEMPTION U/S 10AA IN FACELESS ASSESSMENT CHAPTER 9 : PRACTICAL CASE STUDY ON DISALLOWANCE OF PRE-COMMENCEMENT BUSINESS EXPENDITURE IN FACELESS ASSESSMENTS CHAPTER 10 : PRACTICAL CASE STUDY ON ADDITION OF COMPENSATION RECEIVED UNDER RFCTLARR ACT, 2013 IN FACELESS ASSESSMENTS CHAPTER 11 : PRACTICAL CASE STUDY ON REVENUE RECOGNITION & EXPENDITURE BOOKING IN REAL ESTATE BUSINESS IN FACELESS ASSESSMENTS CHAPTER 12 : PRACTICAL CASE STUDY ON DISALLOWANCE OF PURCHASES TREATING THEM AS BOGUS

I-15

1

3 20 45 79 101 114 126 142 152 160

166 171

S D A E H R E T P A H C

I-16 PAGE

CHAPTER 13 : PRACTICAL CASE STUDY ON ADDITIONS BASED ON SEIZED DIARY

175

CHAPTER 14 : PRACTICAL CASE STUDY ON ADDITION BASED UPON ANNUAL INFORMATION RETURN (AIR)

181

CHAPTER 15 : PRACTICAL CASE STUDY ON CASH DEPOSITS DURING DEMONETISATION

185

CHAPTER 16 : PRACTICAL CASE STUDY ON VALUATION OF SHARES U/S 56(2)

190

CHAPTER 17 : DECODING LESSER-KNOWN NUANCES OF FACELESS ASSESSMENT

193

CHAPTER 18 : INTERNATIONAL BEST PRACTICES & INDIAN TAX ADMINISTRATION

206

CHAPTER 19 : FAQs OF FACELESS REGIME

222

CHAPTER 20 : KEY TAKEAWAYS OF SOPs ISSUED BY NeAC FOR FACELESS ­ASSESSMENTS

234

CHAPTER 21 : MISCELLANEOUS FACELESS SCHEMES UNDER THE INCOME-TAX ACT, 1961

251

CHAPTER 22 : FACELESS APPEALS IN ITS NEW AVATAR

262

CHAPTER 23 : DECODING FACELESS APPEAL SCHEME, 2021

274

CHAPTER 24 : PRACTICAL GUIDE TO FACELESS APPEALS

290

CHAPTER 25 : PRACTICAL CASE STUDY ON FACELESS APPEALS ON DISALLOWANCE OF EMPLOYEES CONTRIBUTION TO PF & ESI

309

CHAPTER 26 : PRACTICAL CASE STUDY ON FACELESS APPEALS : ADDITION IN RESPECT OF FOREIGN BANK ACCOUNT

319

CHAPTER 27 : PRACTICAL CASE STUDY ON ADDITION BASED ON INFORMATION RECEIVED FROM ANOTHER IT AUTHORITY

328

CHAPTER 28 : PRACTICAL CASE STUDY ON FACELESS APPEALS: ADMISSION OF ADDITIONAL EVIDENCE

338

CHAPTER 29 : PRACTICAL CASE STUDY ON FACELESS APPEALS: CASH DEPOSITS DURING DEMONETISATION

357

CHAPTER 30 : PRACTICAL CASE STUDY ON FACELESS APPEALS: AO’s TREATMENT OF BUSINESS RENTAL INCOME AS INCOME FROM HOUSE PROPERTY

367

CHAPTER 31 : PRACTICAL CASE STUDY ON APPEAL BEFORE ITAT: CHALLENGE TO REVISIONARY ORDER U/S 263

372

CHAPTER 32 : PRACTICAL CASE STUDY ON APPEAL REPRESENTATION IN RESPECT OF SECTION 201 ORDER

378

CHAPTER 33 : PRACTICAL CASE STUDY ON FACELESS APPEALS: CHALLENGE TO RECTIFICATION ORDER U/S 154

388

CHAPTER 34 : PRACTICAL CASE STUDY ON FACELESS APPEALS ON ADDITION OF UNEXPLAINED EXPENDITURE & DISALLOWANCE OF BAD DEBTS

395

CHAPTER 35 : DECODING THE NEW RULES OF PENALTY SHOOT-OUT: FACELESS PENALTY SCHEME, 2021!!

405

CHAPTER 36 : PRACTICAL GUIDE TO E-FILING OF RECTIFICATION APPLICATION & RESPONSE TO OUTSTANDING DEMAND

428

S D A E H R E T P A H C

I-17

PAGE

CHAPTER 37 : ANALYSIS OF HIGH COURT JUDGMENTS ON FACELESS ASSESSMENTS & LESSONS LEARNT

441

APPENDICES u

RELEVANT PROVISIONS OF INCOME-TAX ACT

455

u

PRESCRIBED INCOME-TAX AUTHORITIES/NATIONAL & REGIONAL ASSESSMENT CENTRES FOR FACELESS ASSESSMENT

498

u

CLARIFICATIONS UNDER SECTION 144B [FACELESS ASSESSMENT]

501

u

FACELESS APPEAL SCHEME, 2021

514

u

FACELESS PENALTY SCHEME, 2021

527

u

DIRECTIONS TO GIVE EFFECT TO FACELESS PENALTY SCHEME, 2021

539

u

CLARIFICATION AND GUIDANCE UNDER FACELESS PENALTY SCHEME

547

u

e-ADVANCE RULINGS SCHEME, 2022

554

u

e-SETTLEMENT SCHEME, 2021

564

u

e-VERIFICATION SCHEME, 2021

570

u

FACELESS JURISDICTION OF INCOME-TAX AUTHORITIES SCHEME, 2022

576

u

e-ASSESSMENT OF INCOME ESCAPING ASSESSMENT SCHEME, 2022

578

u

FACELESS INQUIRY OR VALUATION SCHEME, 2022

579

u

e-DISPUTE RESOLUTION SCHEME, 2022

580

u

INCOME-TAX (SEVENTH AMENDMENT) RULES, 2022

589

Contents

E G A P

Acknowledgement

I-5 Preface to fifth Edition

I-7 About the book

I-9 About the author

I-13 Chapter-Heads

I-15

EVOLUTION OF FACELESS REGIME: FROM CATERPILLAR TO BUTTERFLY

e m i g e r s s e l e c a f n i s t n e m p o l e v e d l a c i g o l o n o r h c e h t g n i r u t p a C

s t n e m s s e s s a f o e m i g e r s s e l e c a f w e n f o s c i t s i r e t c a r a h c y e K

19

t) n N eI mD t( r r a pe eb dm xu an t n eo i mt a oc c fi ni i t n me od ri f t sn ne om i t u a c co i n d ue s mv k a r mh a o m y cl i e r r &o g s n sl e i cu d p i u t m l o c o nc n lo o l A t C

18

e c a f f o e r u d e c o r p B d4 e4 b1 i r n c s o e i t r c pe ws ed ne t fu o t i nt os i b t u a t s n n ei s t s en n re p o c m i t i i s h n s p e fi a s e r s d g a os y f e n s e K I l

9

s t n e mt sc s A e x s s a a t se g m no i d c en eI c of ro pB 4 e 4 l1 a s n/ ou i t s n et vn ne om s cs e ns es ea ws ts e e bl e ec ca nf ew r e e f n f i D&

I-19

19

1.9

-

1.7

e m i g e r s s e l e c a f n i s t n e m p o l e v s e t d n t e n a m c o fi m i n r g e i t s h l g l i a l n e o m p o u s g r o n f i h e c m t a i C T

1.8

14

1.6

e m i g e r s s e l e c a f f o s i s o h p r o m a t e M

1.5

5

1.2

8

1.4

4 1.1

6

1.3

3 1.0

1 “WHAT‘S IN A FACE”?

(A Poetic Tribute to the New Era of Faceless Assessments)

1

S T N E T N O C

E G A P

AMENDED FACELESS REGIME IN FINANCE ACT, 2022

2.1

i t s b u s d n a n o i s i v o r p e l i h w t s r e n e e w t e n bo i s ni ov so i r r a p pd me t ou Ct

22

s / u s t n e m s s e s s A s s e l e c a F m o r f s n o i s u l c x e d e fi i B c e4 p4 S1

s s e l e c a f n i d e s i r p m o c s t i n u s u o i r a v f o n o i t y i h s c or pa mr e oi Ch

34

i t s b u s d n a n o i s i v o r p e l i h w t s r e n e e w t e n bo i s ni ov so i r r a p pd me t ou Ct

35 n o i t a c i n u m m o c / e c a f r e t n i f o r e n n a m d n a e d o M

s d r o c e r c i n o r t c e l e f o n o i t a c i t n e h t u A

i t s b u s d n a n o i s i v o r p e l i h w t s r e n e e w t e n bo i s ni ov so i r r a p pd me t ou Ct

36

r e d r o d n a e c i t o n t n e m s s e s s a f o e c i v r e s f o e d o m d n a r e n n a M

s e c n a r a e p p a r o s t i s i v l a n o s r e p o N

g n i c n e r e f n o c o e d i v h g u o r h t g n i r a e h l a n o s r e P

t n e m d n e m a s i h t n i g n i g n i r b r o f e l a n o i t a R

39

i t s b u s d n a n o i s i v o r p e l i h w t s r e n e e w t e n bo i s ni ov so i r r a p pd me t ou Ct

) A 2 ( 2 4 1 s / u t i d u a l a i c e p s r o f e c n e r e f e R

41

r e d n u s e s s e c o r p d n a s e r u d e c o r p , s de rm a i dg ne ar t t s n ne wm os ds e ys as l a os t s re e l e wc oa Pf

r e c fi f O g n i s s e s s A l a n o i t c i d s i r u j o t s e s a c e h t f o r e f s n a r T

42

i t s b u s d n a n o i s i v o r p e l i h w t s r e n e e w t e n bo i s ni ov so i r r a p pd me t ou Ct

-

2.10.1

42

2.11

41

2.10

28 t n e m t r a p e d x a t e m o c n i f o n o i t a s i n a g r o e r d n a g n i r u t c u r t s e R

2.9

38

2.8

39

2.8.2

-

2.8.1

38

2.7

36 2.5

37

2.6

-

2.5.1

35 2.4

-

2.3.1

23 2.2.1

d e t u t i t s s t s n bt e un m se s dm s n s e s ae s s e s a s r s u a s ds e s e l e e cl c o e a r c f pa f f d o f l t o o c t u nc d eu n ed o wn c to e f b c o f e no r oe u s r d iu e rd c ae o pc r mo p or d Cp e fi i d o M 2.3.2

33 2.3

23 2.2

-

2.1.2

21

d e t u t i t s b u s n i s t n e m s s e s s a s s e l e c a f f o e g a r e v o cB d4 n4 a1 n eo pt i oc ce Ss 2.1.1

20 , t c A e c n a n i F y b t h g u o r b s t n e m d n e m a fe o m sg i i s e y r l a s s ne al e ec r a a bf dn ai e2 r 2 h0 T2 2.0

I-20

2

E G A P

PRACTICAL GUIDE TO E-PROCEEDINGS

’ y t i l i t u s g n i d e e c o r p e ‘ g n i s u r o f s e t i s i u q e r e r P s g n i d e e c o r p e f o s e p y T

) 3 ( 3 4 1 n o i t c e s r e d n u s g n i d e e c o r p t n e m s s e s s a s s e l e c a F s n o i t c e s r e h t O

7 4 1 s / u s t n e m s s e s s a e r r o s t n e m s s e s s a g n i p a c s e e m o c n I ] A 0 7 2 n o i t c e S [ s g n i d e e c o r p y t l a n e P

76

) ( ) 1 ( 3 4 1 s / u t n e m t s u j d A

PRACTICAL CASE STUDY ON ADDITION OF RECEIPTS OF A RESIDENTS’ WELFARE SOCIETY IN FACELESS ASSESSMENTS

96

g n i r a e h l a n o s r e p f o y t i n u t r o p p o lg i n a i vc an e or t e f en do i c u go e pd ei t v s h y g bu p o er t h S t

79

f o e c n a w o l l a s i d & sy t t p e i i e c co es r e fr o a f nl oe i w t i ’ d s dt n ae fd o i s ee ur sa s i f no oe r yu dt ui t d s n ee s p a x Ce

PRACTICAL CASE STUDY ON DENIAL OF FOREIGN TAX CREDIT IN FACELESS ASSESSMENT

101

g n i l fi d e t a l e b o t e u d t i d e r c x a t n g i e r o f f o l a i n e d n o y7 d6 um t s r eo s f a f Co

5.1

48

r e d n u ’ s g n i d e e c o r p t n e m s) s e 1 ( s 3 s a 4 1 s/ s e 7 l 4 e c1 ad f n ‘ oa t 4 e4 d1 i , u ) g( 3 p3 e4 t 1 s s y n bo i p t ec t e S s

4.2

45 d e e c o r p e ‘ w e n & ’ l a t r o p g n i l fi e ‘ x a t e m o c n i w e n y ft o i l i ht cu ns ’ ug an Li

4.1

75 3.3.2

a 3.3.3

69 3.3.1

46 3.1.2

52 3.2.1

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e m i g e r y t l a n e p s s e l e c a f n i s n o i t a r e d i s n o c l a c i t c a r p y d n a H

s k r a m e r g n i d u l c n o C

427A

35.17

427

35.16

427B

35.18

426

35.15

425

35.13

424

35.11

425

35.14

424

35.12

423 35.10

418 35.7.1

423 35.9

1 2 0 2 , e m e h c S y t l a n e P s s e l e c a F f o h c n u a L

35.6.1

422 35.8

d e d o c e d , 1 2 0 2 , e m e h c S y t l a n e P s s e l e c a F

35.7

415 35.6

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35.5

e m a g t u o t o o h s y t l a n e p e h t f o s e l u r w e n e h t g n i n r a e L 35.3.1

405 35.2

407 35.4

406 35.3

405 35.1

I-30

35

E G A P

PRACTICAL GUIDE TO E-FILING OF RECTIFICATION APPLICATION & RESPONSE TO OUTSTANDING DEMAND

36.1

ANALYSIS OF HIGH COURT JUDGMENTS ON FACELESS ASSESSMENTS & LESSONS LEARNT s t n e m g d u j t r u o C h g i H e l b ’ n o H e v o b a m o r f t n r a e l s n o s s e L

t n e m d n e m a s i h t n i g n i g n i r b r o f e l a n o i t a R

447

, eg hn t i gc n ne i t r s e e f vn ,o 2 2c 0o 2e ,ds t it c Avn ehe cgm s nus o ar e nh s i ts F a ygs n br i s e ta l h e gec uha olf ran bni o , ts s n r e ee e mps s dfe nos s t eh a mg o it Ar

B 4 4 1 n o i t c e s f o ) 9 ( n o i t c e s b u s f o n o i s s i m O

,f B o 4n 4o 1i t nn oe i t v c a er s t fn o o )c 9 ? ( ne ni n oeu i t d c am em m s i b , se utc sni t fes o mu nsj os l i e a s s r s s i u t maa osn s ee f l he o t rcl e a e p hfi t e c e kn ha i r Wmp

450

s k r a m e r g n i d u l c n o C

451

e p t i r w g n i l d n a h r os f t )n s e Pm Os Ss ( e s ss e a r us s de el ce oc ra Pf f go nt i t u a o r e g pn Os i i dr ra a s dn no at i t i S t

T C A X A T E M O C N I F O S N O I S I V O R P T N A V E L E R

L A N O I G E R & LT AN NE OM I TS AS NE /S SS EA I TS IS RE L OE HC TA UF AR XO AF TS EE MR OT CN NE IC DT EN BE IM RS CS SE ES RS PA

] T N E M S S E S S A S S E L E C A F [ B 4 4 1 N O I T C E S R E D N U S N O I T A C I F I R A L C

1 2 0 2 , E M E H C S L A E P P A S S E L E C A F

1 2 0 2 , E M E H C S Y T L A N E P S S E L E C A F

1 2 0 2 , E M E H C S Y T L A N E P S S E L E C A F O T T C E F F E E V I G O T S N O I T C E R I D

539

u

527

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514

u

498

u

501

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455

u

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37.5

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449 37.3

s t n e m s s e s s a s s e l e c a f n o s t n e m g d u j t r u o C h g i H t n e c e r f o s i s y l a n A

37.3.1

447 37.2.2

447 37.2

436

g n i d n a t s t u o o t e s n o p s e r f o g n i l fi e r o f e d i u g p e t s d y n ba p m ee t S d 37.2.1

441 37.1

429

4 5 1 s / u t s e u q e r n o i t a c fi i t c e r f o g n i l fi e rt oc f A ex da i t u ge pm eo t c s n y I be h p t ef t S o 36.2

428 d e s s e c o r p n r u t e r & e m o c n i d e n r u t e r n e e) 1 w( t3 e 4 b1 nn oo i t i t a c i l e i s c nr oe cd en Ru 36.0

S T N E T N O C

I-31

36

37

APPENDICES

S T N E T N O C

E G A P

E M E H C S Y T L A N E P S S E L E C A F R E D N U E C N A D I U G D N A N O I T A C I F I R A L C 2 2 0 2 , E M E H C S S G N I L U R E C N A V D A e 1 2 0 2 , E M E H C S T N E M E L T T E S e

1 2 0 2 , E M E H C S N O I T A C I F I R E V e

, E M E H C S S E I T I R O H T U A X A T E M O C N I F O N O I T C I D S I R U J S S E L E2 C2 A0 F2 2 2 0 2 , E M E H C S T N E M S S E S S A G N I P A C S E E M O C N I F O T N E M S S E S S A e 2 2 0 2 , E M E H C S N O I T A U L A V R O Y R I U Q N I S S E L E C A F 2 2 0 2 , E M E H C S N O I T U L O S E R E T U P S I D e

589 INCOME-TAX (SEVENTH AMENDMENT) RULES, 2022 u

580 u

579 u

576 u

578 u

570 u

564 u

554 u

547 u

I-32

C H A P T E R

Practical Case Study on Denial of Foreign Tax Credit in Faceless Assessment

5

,st . tsee7 nei i ath a erd 1 d hat vae ne 0r esr ,df2 r 7 o C e e /uC ri 6 t 9e ot x u80 x i 2 amd1 )r a /RT 3 oT e r ( h ohe9xn 3 l 1 n a t F u 4tg g Ti d r 1ui R d a e e e e er et sgr t ra / mo obfe un ia doF p F r i , c s s7cg sa f ss s e nn e eoe e,1Ii s 0 r s s s a m 2gm ps a csi /na a i e e 9i s aes r ll l h i e s s 0 e c c f t a e he . l r f t t ho e w h o o h a N c,t f c h , e a)f ) , u1 t 1 na f (ots ) ( 6 d o t1 d9 i t y9t n n ( 3 c 1 ce, ub1 e3 eo uut m4p rdsrdc e sg s1e / t l s s eA i u s r f e n e h / x e s I h t em nt a ui s t t Tea a , s n oDre l s rt o o c e n m a n B f cs nC l ,e en e o i u c gmaeef bn etweboddI s s n r s e n s uoe f l a rai yjl o ndlshusf) e aAasrteb s 1 l a e i o ( /d u r ms td 9 t3 eRs n nee no g ehxu1 i l t d i i n ui ,t f famo y a T hs o l i 7t t m en g e r e g n c in enm6e et ie i b m n r l s h k o i r I rr t f t co unaf o e fn mon Ci o IFp

5.1 CASE STUDY ON DENIAL OF FOREIGN TAX CREDIT DUE TO BELATED FILING OF FORM 67 a

. t y n wl l eo a mlc l i a ss t s c i e a d s r s fp a o d eee hut s t a s r gi t nes i v n t i t o t i i m s mn e be d us sd d n fn o aa d eee dvs ois t mau g c i s di t i nl d sg ai h rt n i e e nnb nos a,i y , ml t l i a d ec e hi t nr ,oc y rx dt a uct e t n l S e g i ese n s r o a o i f Cs f s si o i m h e t bc n ua ns I -

sne ma im ue,o d cs e c uw ea n cc I oe i t l l o wa h t Noi sf h o d es s 8 uoe2 atb1 Cmte o in l wh, u oge R hner i s Sr s e i e d eu s hqs n t e u a r f, e7 o 1h 6 t2t p fm i 0 o r e 2t o c0 iF e2 d r ed Yr nA e cb i i sexr i h a c t t nr s . e eo n e gre mf s i ips r e f c e r o e ed og s pr f s SO fna i .tol e i r f n me h Me t i t ,ma y a l e s l b c es e s , e e s s he ht s e s t l s Ayfu s a thoR f wwx ea ea hroi TDt vT

101

T N E M S S E S S A S S E L E C A F N I C T F F O L A I N E D

102 Para 5.1

7 6 M R O F F O G N I L I F D E T A L E B O T E U D C T F F O L A I N E D

Para 5.1 103

dde h nnt aar tyo n ef ac d vi e edr l sa e i r h h ets hl eg t n i lke l c a ab gti s nd, i ny t aa a r t w on t pe n rs e oe i cr c p ne i f i . f s nre r oode i t d s na ra s i e e mder f brvo i uot c sne e c tif , f n n s e et e r mnne e a sd f s e n ei e r c s e y e s r u d a p s a s dl e i ea r t gdd s een e t gla a gdc t i e ut i l f sa p e edmn hpoe Tuc b

T N E M S S E S S A S S E L E C A F N I C T F F O L A I N E D

td fni o e db tuei r c e r c eh c pt s xe . sga e e e ntrs r p i n s r fe ni go u i i s e s ,qr ga e e one cr f i i ,f l t h i 1 o f t o 2 Ney 0 m t b a e2i l , s a s u0l ee a2ch l etu CYh A fR rto wo y x of hwa hs eT wi Sg e novm di tn ed o s i nea ,c eed oc n i I t osee p ruwh ap a ot ct l cl f enwao s heo i t 8 d m h 2 oss e1 s t be o e t es tu l cs eo nae nR ess , s s r r e e e e e e l s f d s e s e s n ca r e a u s d nf s ea 7 i gn 6 si ng i e i o hm s sg t r i r h o ne fF Todo dn ei o t s a s di : smr nbe ou d i sn s s ru i mes h a bt, uri t u sf d ls e a tr ei c pgx na pi ah t rsn i e n g i l i r r e ur a f es o f ri s uet ei os f he s o t i s m ws i a nal oec h i t t l a , u u1f n2w 0 i a t 2l . n s o0t 1 c. i 1f n1 o i ,dn d n o ra i t a a g1c e2i r 0i f s2s t . i 5 h u 0 t j .

3 n2 n I i

, n nt oa l si ne a I , e tgn c u w d/ e1etit n6prde o s e 6 r, b e Ph a 8r A s e8 n l ,hiiA n e8t,r T h1ieu w D m t ff ,o, ,fe 1 eo c e 2os nm3 esi 2 0 2ceeoe c s s 0ns l n e c 2aa i i u w t fr Yoego h u A Al l t n t a r h rs r f ou t od io i f Pt w t e ,ad i nr 1 d g 2ee s a i i 0kr e e h 2aCr r . ont 2 mxf i c 1 a , s . o A t i T 3 i t . h c ddn dxl i e a eegnr t o b i t s c e a e u or ex dp p ea me os oF Nr stoR c e n Cpfs ne gI Ssos i s e ee damar hu ehieo a t h g y nt f l t fu or ic t ysor i a e t o )o p hb 2 ahtdd( P ct ie0d f u a m 9 eaopi n s hgt a a x / c l t n a c e u a i t ns i p , d I d e s s a ni e e ha n .s dI 1 r t

) fse1 edo eb( wh e l l otf 9 i nu t3 l f s r l R o yu a u1 l s t x l t m n i i e a a d d o r c T i 7 i den t ee6 r i c hm a ot Cr e s tf ms o exc r r o a c o hT e e . t l gnFp t I e i n ens , s d i e7 kg l a e af i h1 ai r mew t0nC r f r f 2 o,oo ux 7 / oF t 6e 9 t a 8 e 0R T dfmt2/ a 1 eord n 9xg s e 1 omoel ai piFuu Te d r oad eeo rledRt mF pcbera e i e h sh og r t pdc a c t n 7 i r s s hf e 1nm e a t yor 0Ii , f t s pa 2ga t i r c e a/nc l i , oe e l 9 h1 i r hpt r t st2e0fo f 0 . u e a o 2ho f arh w . , Ne1 t2 nd gi t6 , 1 1 n, na9 . i -n82od1 s 2 i / u s e, 0 t 1 o e c n2u uc t 6r s dA s 6go0r , a t e ee2s 8 e Y hx d8 hs t a Antt e, n8ns Ier1oerTre s o o a ,s Df f m e efe a eBe l o bc eose heshmC n d e o t d cs I Tn ef cn yn l sb .a i o 2 a iaf

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104 Para 5.1

S M MOHANKA & ASSOCIATES Chartered Accountants

Mohanka Chambers, 142, i-Thum, Tower B-1, Noida-201307, Tel.: 9999981515 E-mail: camayank@smmohanka.com Dated: December 10, 2021

To

The Assessing Authority National Faceless Assessment Centre New Delhi

Subject: Reply in Response to Show Cause Notice in Respect of Ongoing Faceless Assessment/Regular Assessment Proceedings for AY 2020-21.

Reference: Your Notice dated 3.12.2021 Dear Assessing Authority,

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7 6 M R O F F O G N I L I F D E T A L E B O T E U D C T F F O L A I N E D

Para 5.1 105

en x-fy,s0t y 9 o l e a1 4a g t t i t i tur ie a n0ido c3tr g2dshi3no e f a s a i f i t Y r t e t e hu c s r d r g ba i oF eaea x f u egcp ea s s s eht t n s n e o i n ht e i s h t t e rns s t g r s e mCe doi f a f e i s ed o yr r a ,o esa l rt pa fha uon x T yge dpe ne l u x e . i t u m n r t a n , a e dr t n) y r n 1 o na a sP fA2 on eo p a i h tal s0 f 2 n r a e . o m eiomh d0 p , r . ee y 1 e ottoe. t s s mrnefs1i m e o c 1 e r r l opa ao s oec d r c h s c nepftneen a e h e s t v i i t b ( a n ee n e ,d ds ,is dad hs ne t r e e s n au i te tre m o t u o a d i c i s i g c g r s hu n n s a ee u os t l ar t tc hier n tr d t m t c ni eo s s o u v b aP e n a o P a e f i u n h s u ds odyesn i i e e s l h eh r a ehc e en t a s e n g a u u t s l ap gp,o n pne y p sos e u x i ata t sn d i i 7 m d r c r t n1a-nuo i e t e u6e/acPi , 1 n l s h 3 6do r ee y n1 t a d 6 e h u b a, e , d t h 0 g 8 edru s2 sh n8 u i i u e a , t n t t a8 uoer I r , 1u ls sfh o 0 f2 l .o 3 fa iotP `

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, fe o e ts s i d e es r s Ca xe. ah1 Tt2 ny0 gb2 i 70 e 62 r o Y FmA r do r i Fo a s ff eoe hgm t o n fi c l o i n f i ec f ci o nn aon r ru wt oc t l er e l l a e s f i no d i g eyn ha i t l li ref odf f eo nhe t ota si sd a , er /e e1u l 6d o 6e s, h 8 t e8 h, r e T8t f .1a 5 `

, f t 3d neo n ni u 2 a eee ed c s e h s geoer b m t l e i c f , , drdi s a a c o s nc t l i i a c gd axgrl n b a A n i n e e yt ui d I hi t v d d p i n n t n i n c t e g , o v i aR n ae 7 i p, oe6 r a s r s r e t e e pmms e vor s t b o e e ,fr a cru y u h s o o c t i nF s gti cf i i h c r u i d i fdn er oo t fh t t r f o ea n etteosntl c a e P f hc r l u t eot tue f u p neat w b h d n e e as fa n o r e mta o er i d l t yn hn c mggi s t uaa nnh i p l eid i y i l , ai l ce f i f oxi ne radrefo os ptnolfd i o s s I f te h l y e e a o u s n s v b e hs pwp i m t , a r ,r emi t ap dem l w d o o e eh ld i tc ea f t e the t ,rr i t c f d y u hbc mo n x d b btAAa eat . umdnAet c i d sieiThn d oe s a he Dtg ri e yl s fip l c r l i eo e nc lcl u n eb b0raex fh e ad t a9ooda tt c cnftet efsii ohebn poevl c u p i ssnep g t udti y e o c s e s e ae r r ynr e e a f l s sn e o bt t e o i f s r te nhhte s t t n e I s i ui i a i f .u nw mmh hmi 6 e -

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t, rd te n i c eA ha m tp sxoe r a s h t a e t . i s e s a s we i a m x d dotan ecntI nnehn i gImc e i uee e h l phr b mtgwa ifAnx a eooot h0t t o nes n9iml i roa ne to cs i t i ni d tn i ec e r eefm c Snoo x atc . c c aw en t a i p a i nl sh d gn e c i e inru I r ns odfi o d f a fn e fbn ti o a l s e e ei a r i c,mg d n1 n n nI 2 ari e te w0 o2vnd a l 0or i l s 2Gg a t s t u i r Ya d oo A hf d t y r i s r a s o t e e s i f n r dt u eri he vno Tdouc rron .o pci 7

,n c i o l i b t a ut pu ep Rm eo s c e e uh gt un t i r od i Pa ep hs t e x da nt an g ai i e d r no I f f no et ei wd e tr e bc e Ah At Tg n Di d ei hv t o r fp o r 3o 2f . se ee m l to c a i t dc r n ni Aa f .mo 8

y d a e r r o f d e c u d o r p e r g n i e b s i 3 2 e l c i t r A d i a s e h t f o t c a r t x e t n ae : vc en l e e r r e ef he Tr

“METHODS FOR ELIMINATION OF DOUBLE TAXATION

ARTICLE 23

ELIMINATION OF DOUBLE TAXATION

1.The laws in force in either of the Contracting State will continue to govern the taxation of income in the respective Contracting States except where provisions to the contrary are made in this Convention.

T N E M S S E S S A S S E L E C A F N I C T F F O L A I N E D

Para 5.1

106

2. In the case of Portugal double taxation shall be eliminated as follows: Where a resident of Portugal derives income which, in accordance with the provisions of this Convention, may be taxed in India, Portugal shall allow as a deduction from the tax on the income of that resident an amount equal to the income-tax paid in India. Such deduction shall not, however, exceed that part of the income-tax as computed before the deduction is given, which is attributable to the income which may be taxed in India.

3. In the case of India, double taxation shall be eliminated as follows:

] d e i l p p u s s i s a h p m e [

Where a resident of India derives income which, in accordance with the provisions of this Convention, may be taxed in Portugal, India shall allow as a deduction from the tax on the income of that resident an amount equal to the income-tax paid in Portugal whether directly or by deduction at source.

Such amount shall not, however, exceed that part of the income-tax, as computed before the deduction is given, which is attributable to the income which may be taxed in Portugal.”

sy edce l eedn c a i ws i t r orvh l o Al e t ri hp w hat i t ee ,e i c wbNi c l l n b dl.u a a a ah i i l pp d es r e n ,I e Rm. te t c 7 Asneo6 c s s e xeden m asiuo s s r t gn a e o u e r ea rF t mh r of ot ofo c yP g nyb dn b e d e I l nwi db l ei i aof a ha l t pyald f aiat e s d x p o i n a a d ,I l 0t x e 9ea neb nstebe oenel lk u a i w a i t gi l t h c ude , st et n b, s n rI te i to a PeAdm h A e htt e T r t t a r c D s i dhn u xq eti t saeae t h t i e g t r dar mi n l g a t bv o i r uoine u srd r e d spr0oe 9 f c i ) c t t3ana o I ( ohr 3 si .2 p 9 a tt -

f d to e o eR nt t s a e enh a s ve ct su e ek ’ egm i eu l at s ts s r n e oee s Ph s m a dte sndi r i n ,aa u t a, i q i d te edc r n r Al I c a r xnxu a e ae Td t e wec nt ge mo i r e bop r c oAn f f AIo tTee a hc hDt n t efa dhol i et p 0 t f9 a m. o i c 7 )no6 e3 o c r i (t n p3 m p2cor a eno e S l rF ec ho it bt f ifo r oA wdg t n srdei deawi l epeof l e rl d ns,a a c e s i ttl i t I d a h b l .g uee 0 ip bb 1r -

) s2 e ( v5 i 9 g t2 c . t Ani o i d xt e acr e t c S e x . ms a e t os co n np g i I re eur hpo t f s fu r o o o f i )r 1 s a ( e 5 vl 9r u 2o R nfe osu e i l t s u c s e i SRt o ted b a i r hc r a t s o de B er t pe t i h ot mt bTo uDt sB r e rC w e heo t hp r uts foe t v sr i i g te) I wa .o 1 h 1p( : w o l l o f s a s i t c a r t x e t n a v e l e r e h ) T ( )

“ 2 In particular, and without prejudice to the generality of the foregoing power, such rules may provide for all or any of the following matters….

rr. n ti oei d f w d e eor e t r e upcr dexp evar cate ohnt rti gn po ei enre bsob f i e e r fr oo c o s d f e ee r dc r prn e aah oo t wt d rBol e elu l wha o s oti h p,d r s e r8 sv o2 a hef1 w ee dod l rH iu a v o oR . t rn Bi pi d ee rd r hc oe t ni b txo a r a i ht c t i t s d n e dg nr ee io p t t rc e i oar mf ut . e bfb dx uo iet e s r c g c on sn s r i o i e p t c tn r I e s aph .r i 2 h oTt 1g t

(ha the procedure for granting of relief or deduction, as the case may be, of any income-tax paid in any country or specified territory outside India, under section 90 or section 90A or section 91, against the income-tax payable under this Act;”

7 6 M R O F F O G N I L I F D E T A L E B O T E U D C T F F O L A I N E D

Para 5.1 107

. e oetde rhces l t A i pe s f e et yr s r oho s t oe f na t fs a o e db ih ) 7t nr1 ( 6 ao9 y n3 mo b 1mt r ads oh te g o l/Fu i u nf do i deda s e nbb s s a i a d e r l nu h c f t oo e s i i e fl s h i r i e sp v tr a o r7she p6ath lmest , a e rmd e r . uooi m d dFcvae etnor i n cairf ohfp e e rtoem d psnr e ib aeret d u h i t ev dd we e r l oorot u r f penao e t h r w es )t l e 9 e t u g h( vc 8 t n Ro A i s2i l i ebe 1 8 fhah e f t 2l t o ef ,h 1u r ee eRt to l .avn0 u e n d i 9 Ro w h e i s t .s uoi / 3 id Hwu 1v -

)n senl yi n5 e holh (o l t i a u ftctAc i c 0 Ri i w h e f 1 c edsi , u hercd) e e 7 e s t w p l ( , rodsiA f e n l ol I r t h u a o o ts 0 c f c n8 di e Ai h e d s , r bwi C e eei n A h r hbc tr t 0T c rds u8) .

A t l e e e s9 u r ho ( pern8 t h o e i e w t i 2 e ht t 1 a ,Cd ntc i C eee TTesssl FFunaou R c t o eedi h e n n et ht i d i . c t h ) fa tt ee d( 9 ya s ime8 nhn l etiye s2 d hnreu1 t d b t a i r o e oew monn d l t a i u 7 nc sv sR e o a o6r i eio wrmat cet p p ngn rem nyo eai r ol lFe erud i t a hxega e f n n cl Tee ae i ei r l ff R r . t i o. tt n he c i eoc e cb epnAn ut o m hssei iSo e t htt e c . n ) d5 evotu d n s e( ae fdb a a o e Bc che i 0n )dr nds1 1 c s l y ( o I s u e dt ne i 9 s .os ni 4 3er 1wa 1dpad -

.n tfev oa l o i t b e ht’ .r c t hnde ed goth r i ei Lw H r d t s t /i r e ) l vee1 h a m z i t r 2 i t l fi ubn s duaote estnrs cssoea oibiFC s u t rI i &t s p. c r el su e t an hda set eco i hiC m h 7e stme 6r i nem u mi ohe g u ndCr rqi p e oe t ceu Fr x r a S o fyel l o r tp ) a oo 1 sg gt ( ni na enp i s de l cap i no nMu F a a dl tm fS i a o 2 h me 9 a t rRe9 s dto.a 1 eonCc ( n t lTer , t i saFh e mirft bduo n o d n t i i une i s d sac : s t ti e, to rn a rrrmh e u c hepe omt t mfhC d r ueot oe frngeCv i r suonmye i i i t q eu t s te mr a I b ppo l r i .y o a uet 5 i l SDi 1r v c -

.ygey r rnce e h hoont t l a t a e t o s dbr e o eny s ha lpo t e p rmrmr o,eiu l e a p vmu yi at y e qh wnae a t etm f h nssc o obra u e e t rsht v i e etat t booc t a e yetp mamss ue oo tms r o ed ei r nm ns n so aon e r o oSyri . cei ds t i ed l no yo bn r oi tplo l f t i i c d o u wl t nst l a o a n t I c s o f . i e o ” t sda . r i n e taruev c i e d r tsd ne e n a a i cv s hoso i n o t rrt t e tiops d c c d fb nno ao e od f co -n a ee d ene r o e r r e t nn s a a me a i eee erbhhr hedtte Thnoow “Tat t

, s nandwi ti r ona u ei w odbtala a e l d tt a Ct l i r o n r a l eo ua n e m mpn r du eeamded e r r n c ,cla ps oe p e c ur hro m r Seu ir epr hde et Ap l a e O b .e chse ’ h n ote ct d n r r on n; i ua Hapn y dt eito esr haai cio s h t t b t o e a fatcr r u d . d o gl e rpanc nne t e i tat oahsh b o ms i Gn s oTn u i .e . sj c evenddao i n dsbaa dt r ee d stnaei o t hh a u nan a t t h r t nO stas n u t c i o i i i ns br t, ddnI oi b t i ene .c ucd t car l e A n n aj ie l ahaeaba p v h o syt shwr i t l i i eb,eftr t n cm7soI a e na1a .ni s s i aS1yn s v d i loe l r fCn re e o C iros s t r o i s reStv tb i e o s o u m 7ur ha1 ns b t c p s r )t edy h e ue8 l n u a Fh0 ahto t t w .t0 r o 6 fn hl y 2t n( o 1i sa

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ITO

Ms. Brinda Rama Krishna

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“16. I have given a careful consideration to the rival submissions. I agree with the contentions put forth by the learned counsel for the Assessee and hold that i Rule 128 9 of the Rules does not provide for disallowance of FTC in case of delay in filing Form No. 67; ii filing of Form No. 67 is not mandatory but a

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D c s Ani x D r d 7 ) ( . a Tev ( a 2 n 3 3 n t a n 9 K (Dbo 4 n 2 ( 0 er s a 1 a 5 p 4 7 9ar 4 e m 0 s n m nooe n x x ] a t h a a mt on a 2 i 4 a c T m t 1 iee m R t . g c x 2 0 T e dr e de x I n 2 a 7 2 i ea i a s ] 3 [ r s r T 6 w 1 T 7 fe yrs 8 1 ] 8 1 oteee o 3 v l s n 7 0 h l 7 3 s 1 2 0 o 1 ] setoa n 9 f t 0 ] [ A ] 0 osn e 9 2 a e [ 9 i A 0 s 0 h h heT 0 2 t i t 0 t 0 [ v x ae Do n 2 2 oi [ [ rd ft o pneol d a h I si t ) ef e c . n h i g c o o oe f t a a tti l s rn yi M n p l e s pepve i o m p . rb d r s e nap a a r r rde K a a tel . hy ( g v a v u t e hoo 3 ,e r t 4 G e h w s r 1 t dlt i ot . h ea n f c v r n t t a e t t Ar e n i n m t i me eex x bChhe e a u tTe c T e n f . s h r h o ) a 3 . t e t i s C l .2 v . i esyo e .

S 2 n v a t t v v r ( / I o p e , R i t 9 6 .h . xc s 7 9 0 0 i aA 3 1wv 2 7 t Mantec Consultants (P.) Ltd.

CIT-II

T N E M S S E S S A S S E L E C A F N I C T F F O L A I N E D

ta 0 ni 9mid i n e a ue r nl e ak oc i fa t ehi c hwnt e et , v o s c lt i ay . t fo o rephr t ) mso sn 5 no t eta ( oc Axrd u i e s t0/ on i o 1 C v a on,nhm o ) rd7 i gt pl (t u Acio eo IuHn hh d sd t 0 e u rs8d n o e d f i a f pno r o a y sate r vo a wxc ,t e 7a nn t c 6l a r n e lo wur ma i r cotd e ru l r od l ea s Fe e h i s t ht i fc r o ondto grirhp npnote i i aefwr l n i v f t sE ogi i i t) d n s a .i ou 9i t h( vl a t 8doaf d2er o d e1rpe c t cl g e t i i i l x n ff i muai t l c i o bRte f n np uhg t si st sa i h st sie w i i r rt e tdo ow I r fe pe .af 8 eohr ei 1r t v American Data Solutions India (P.) Ltd.

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Azadi Bachao Andolan

Union of India

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. v

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Eli Lily & Co (India) (P .) Ltd

CIT

ACE Multitaxes Systems (P.) Ltd.

CIT

Axis Computers (India) (P.) Ltd

CIT

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CIT

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Engineering Analysis Centre of Excellence (P.) Ltd

108 Para 5.1

directory requirement and iii DTAA overrides the provisions of the Act and the Rules cannot be contrary to the Act. I am of the view that the issue was not debatable and there was only one view possible on the issue which is the view set out above. I am also of the view that the issue in the proceedings u/s.154 of the Act, even if it involves long drawn process of reasoning, the answer to the question can be only one and, in such circumstances, proceedings u/s.154 of the Act, can be resorted to. Even otherwise the ground on which the revenue authorities rejected the Assessee’s application u/s.154 of the Act was not on the ground that the issue was debatable but on merits. I therefore do not agree with the submission of the learned DR in this regard.

17. In the result, the appeal is allowed. Order pronounced in the open court on 17th November, 2021.”

Principal CIT, Kanpur Surya Merchants Ltd.

-

Ay An Ta f Do ne i c dn ea i bl i p r c m s o e c r pn no on i t r i o d nf od ce ow o nl l sa i s i ed r e e hb t nn ea hc wi t d te a r hc t dx a et t t i n mg i be ur o sf se i tt h I .t A a 0h 2t

7 6 M R O F F O G N I L I F D E T A L E B O T E U D C T F F O L A I N E D

109

Para 5.1

fxy o a al ste nnd og i e i s e r i r e v oo rfm per eho htf t md eie w da l i o c r l r l oa e vti s t oh d Ag e Aib Trt Ddo e ftn. s n o n seai o nvcs s ei oa i v mo s h i ar v es p oe el rs ps a hr e t es u , hs y d t At e s ac e e Ah o r .t t r n , p x oc t aa i s t Ae i f v o oxhe ratc pt n r e le a a mdl i r uonp dcum t eni o cId c oee rh rn pt c i , ) . b i , r t Ta h t - d . l l o e Kh (y l 4l 5a 3i c r Do Tg Ie 3t 8a 1c /s 1a 7h f3 , o 8 em1 s 0 o a 2 c . c.

6 n . en 7 ha 1 t nmd i e xt , aa a t t d a 7t k1 l n 1e o ]m K0 T2g A0d T2u I[j t e n l b e ’ c n e o r H y e r h.e Tvv . a 1 n 2 i

Ltd.

Price Waterhouse Coopers (P.)

Asstt. CIT

)

(

“30. We heard both the parties and carefully gone through the submission put forth on behalf of the assessee along with the documents furnished and the case laws relied upon, and perused the fact of the case including the findings of the ld DRP/AO and other materials brought on record. The ld Counsel submits that at the time of filing of income tax return in India for AY 2014-15, the assessee had not claimed foreign tax payable as credit as no tax for the year under consideration was determined and paid in USA at that time and also the tax return was not filed in USA. Hence, the assessee after payment of taxes in USA, raised the aforesaid claim of foreign tax credit FTC before the Ld. AO by way of application dated 15th October 2018 in accordance with Rule 128 of the Income-tax Rules, 1962. The ld Counsel draws our attention that Rule 128 of the I.T. Rules in connection with claim of foreign tax credit which provides as under: “128. 1 An assessee, being a resident shall be allowed a credit for the amount of any foreign tax paid by him in a country or specified territory outside India, by way of deduction or otherwise, in the year in which the income corresponding to such tax has been offered to tax or assessed to tax in India, in the manner and to the extent as specified in this rule : ) (

) (

)

**

**

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(4 No credit under sub-rule 1 shall be available in respect of any amount of foreign tax or part thereof which is disputed in any manner by the assessee: Provided that the credit of such disputed tax shall be allowed for the year in which such income is offered to tax or assessed to tax in India if the assessee within six months from the end of the month in which the dispute is finally settled, furnishes evidence of settlement of dispute and an evidence to the effect that the liability for payment of such foreign tax has been discharged by him and furnishes an undertaking that no refund in respect of such amount has directly or indirectly been claimed or shall be claimed.”

31. The ld Counsel for the assessee submits before us that the claim of credit for taxes paid in USA with respect to tax liability finalized in June 2018 is in accordance with the law.

The ld. Counsel also relied on the judgment of Coordinate Bench of Kolkata Tribunal in the case of TCG Lifesciences P. Ltd. v. Dy. CIT [IT Appeal No. 121 Kol. of 2016, dated 17-1-2017] wherein, on similar facts, the Hon’ble Tribunal directed the Assessing Officer to consider the claim of the assessee in accordance with law after due verification. Findings of the Coordinate Bench is given below: )

(

“32. As far as the question of giving credit to taxes paid in Japan is concerned, it requires verification by the AO and therefore the AO is directed to consider

T N E M S S E S S A S S E L E C A F N I C T F F O L A I N E D

Para 5.1

110

the plea of the Assessee raised in the additional ground in accordance with law after due verification.” )

(

We have gone through the submission of the assessee, as noted above. The ld DR for the Revenue also fairly agreed that foreign tax credit FTC may be allowed to the assessee in accordance to law. Therefore, we direct the assessing officer to examine the correctness of the assessee’s claim for foreign tax credit FTC , as per India USA-Treaty, and allow the claim of the assessee in accordance to law. For statistical purposes, the ground No. 6 raised by the assessee is allowed.” )

(

6t, yl d i a p l 8d i e an d 1e h n eos ]rI c hna 1 2xnteh ife 0a 2t AobT [ nA esA / g 0i 0saT f9e 1ahI o 1r /c l e e e oAtr b f n m e s 0e ’ e a hn oh 1s cc o eth e e.tsr hnd/pre u n e e t h eh naweh T m i w. omT txl l 7 o ,6 n . g aa cA et n s n i At m1a m i r e2htTo g1,pDoo f F d 0 u]2mfrf 0 o e j e 20x o 2 s g s0 e . g t n n 2 1 i n f o o 1 i n[. i o l r s i i 1 t i t f , s 1c i v n a o r er i b dp e e y spha m a t t e l ge u d r e n g M ) nd i od .,i . t f Tv i b l o r a A inr e T ree ns I Tvv e ap o e . a ee nl l me b ol ’ ush a n s s t r l e o Ms l fa u: H (s o r de f ed e 1awtc h 2ee n n o a T 7hi ru l l . Dtve p 2 s Tonpa 2 I a ti

tancy Services Ltd.

Tata Consul-

Asstt. CIT

-

“21. We have heard the rival submissions and perused the relevant material available on record. Similar issue arose before the Tribunal in assessee’s own case for AY 2009-10, wherein it is held:—

)

(

“31. We have considered rival submissions and perused the material on record. We have also applied our mind to the decisions relied upon. As could be seen, while the Assessing Officer has disallowed assessee’s claim of foreign tax credit in respect of income exempt under section 10A/10AA of the Act on the reasoning that only such income which is subjected to tax in both the countries would qualify for tax credit, learned Commissioner Appeals has restricted the relief of foreign tax credit only in respect of tax paid in USA even in respect of income which is exempt under section 10A/10AA of the Act. The learned Commissioner Appeals has come to such conclusion by following the decision of the Hon’ble Karnataka High Court in Wipro Ltd. supra . The reasoning of the learned Commissioner Appeals on the issue is, as per the decision of Hon’ble Karnataka High Court in Wipro Ltd. supra , the foreign tax credit benefit under section 90 1 a ii of the Act would only be applicable under Indo-US DTAA and would not be applicable to other DTAA countries and non-DTAA countries. On a careful reading of the decision of the Hon’ble Karnataka High Court in Wipro Ltd. supra , it is noted, while dealing with identical issue the Hon’ble Court held that in the cases covered under section 90 1 a ii of the Act, it is not the case of income being subjected to tax or the assessee has paid tax on the income. The provision applies to a case where the income of the assessee is eligible to tax under the Act as well as in the corresponding law in force in the other country. The Court observed, though, income tax is chargeable under the Act, it is open to the Parliament to grant exemption under the Act from payment of tax for any specified period, normally, to incentivize the assessee the to carry on manufacturing activities or providing services. The Court thereafter referring to the treaty provisions with USA held that it is not the requirement of law that the assessee before he )

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7 6 M R O F F O G N I L I F D E T A L E B O T E U D C T F F O L A I N E D

111

Para 5.1

claims credit under the Indo-US convention or under the provision of the Act must pay tax in India on such income. The Court observed, as per the embargo placed in the DTAA, the assessee is entitled to such tax credit only in respect of that income which is taxed in USA. In similar context, the Court also referred to the tax treaty with Canada where the provisions does not allow credit for tax paid in Canada if the income is not subjected to tax in India. With regard to country’s with which India does not have any agreement for avoidance of double taxation, the Court observed that as per section 91 of the Act, the assessee would be eligible to avail tax credit. Thus, on a careful reading of the aforesaid judgment of the Hon’ble Karnataka High Court, it becomes clear that where the respective tax treaty provides for benefit for foreign tax paid even in respect of income on which the assessee has not paid tax in India, still, it would be eligible for tax credit under section 90 of the Act. Like Article 25 of the Indo-USA treaty, treaties with various other countries such as Indo-Denmark, Indo-Hungary, Indo-Norway, Indo-Oman, Indo-US, Indo-Saudi Arabia, IndoTaiwan also have similar provision providing for benefit of foreign tax credit even in respect of income not subjected to tax in India. However, Indo-Canada and Indo-Finland treaties do not provide for such benefit unless the income is subjected to tax in both the countries. Therefore, the foreign tax credit would be available to the assessee in all cases except the foreign tax paid in Finland and Canada. The Assessing Officer is directed to grant credit accordingly.”

ti sa, r cee ta a thw onh ht t s e ,emteeo ) l r m p i i d d e h h an e l now e D h t Dmen t . (tmay a h n m a t hi t 1e a t o e w d Rmnar i d Tdtnta n l i e a ” s Ce . p h adp y 5mtdnl t a o a 8 eie i 2adet hur r e q a /nt tet n 7aa e I a t r t be f7rs .o o 5e f tAn tdn o hI ent l A s s ae.uiTym l a y n D o t cmha ca pr m exwe e ,fait hafr f e o s T t t o e v o“ h n eai tssst 8 i 3uocmeae t2 s e r s w t r s peot g n u/i stpi n o8eio r a C hdreu,h e h m a hoteptpmc d f , e gc ew erro i o h . r e s Hn t p a y b n l r u inl eo v a a o c h s i tf nnii l t a m t e e a c s cb r Dxacee e i y a e p t l t et spaym e l u ootao v 8 b t r smd ’ 6ia e s s t n t e h n t h o]ns i n g H6e rta c e h 1 s u r i m o e m e e0et i e r h2rshf a i r h i T[petd l e m t m r w . , a 3 oohoa o Pt 2 cdwml

21.1 Facts being identical, we follow the above order of the Co-ordinate bench and hold that foreign tax credit would be available to the assessee in view of treaties India is having with USA, Denmark, Hungary, Norway, Oman, Saudi Arabia and Taiwan. The assessee is directed to file before the AO the relevant provisions of India- South Africa Treaty.

BV

DIT v. New Skies Satellite

t fu eo ir v oe9o rw b p)3a e ’ l t eT c h hL i g t t tCru a VAo h( ‘ .r t wb d9ae e6l b 9 l v1 a r y n , l e s n s o e i bi o t t oa a y n se a r a r m e hT t tfn y n t i a eoy e mwrr gaat dLma. ueoos t j hs e t i stu t t i r nc n h a o t e fm p nno i e dh totn i r r t t a un en oep e Cvame n saw ho a nt gC i dae H e b t a intat p h h ne n t l ec e e Dicsm y V a a e eey s l e l h b r lTg t ’ a La n fs oo C r h eVn s v a eni ey on hi hb Ts ut -

s t n e m d n e m a l a r e t a l i n u t a h t g n i , v t r a e h s t bd ol e eh l i h s a wh t, r d ue ot i Cb i hh go i r Hp iy h l l l e a Dc i er l o b g ’ n e t oa hc ee hr Ta s i ” h y Tt .a h e t i r a t f e dh ot of go nc t i yj e t b a eo r t d an ra e e ds no up sr nu op i e t a h gt i t l a b e of re i d e ht t o l n i f l o u t fn oo t i da t eg t i c el pb xo ee h et r s a e sd e t u a l t c S n “ i .

T N E M S S E S S A S S E L E C A F N I C T F F O L A I N E D

dnf eeo t t vh o oEg . i rd l eei n l h p cd i c an nea i r r e pbp l ei ab c. stnd i a o r e wnp t i dsm sl i i i h l u h t t od e r tce e r s udr w ono t Cadn hwne gaem ) l i a l(i Ha l r in1a h o5P l e i e l t f c Dai o n t s errr e A l e t b r ’ n w n e i o oydp n hr e eauv i hmnt t oa o i t l t os s i t uug t i gct e l s nnn i i e d h ryot olC, cmri s ci ruh Af ot s e’ ha t i d fn o I 3t h 5i 2w eg l n c i i l t r a Ae d :e a i l d p i nc I n fr i o p nt on i a t t u r t o i t p s nm oi : Cns d eaa s he e Tt r a ndt I i ns . san n o omi i t aa si i dg v i onl rIb Pfo o l tna n n aoo ti vi eua t l t i e n t Rs r ne .o t 4 n 2Ci

, l ha ret h e in t t wi o p af t hona o t n i Cr t r a n e sp t en i h yvi t n no y fac n o rra soot n ta oene l i e o s d i m h a v e owe m r r peg n h o ai gt, s ryi no i tc o a e gfe ewrd t r ” y. ay ol n y f na d ya o eng r han ob t r i e se t e nkn h i aei rt t o gmmn noeu r i loo h t p t n rmco y neirt i roa awo o yc i gpfr t a o nsi n s i s d adua nhno, I atf ce t n o c s r heyen t h e r m i t r waoo e t i tl i f r yn o r r no Nae ac “Pt

f. o s eA s A i c T r D e xt en ee hm t e l fp o m ei l p o mt aw xa el na af so i e 1l 6p 9m 1a ,x t c e An xa at t n e e mm oa cl i nr I a eP he t h ft o y )b 2 ( r 0 9e w no op i t s c i eh St n i g n i h t y n a g n i d n a t s h t i w t o N “ , e s . ” ur ae l t c p a h C s i h t f o s n o ai s si nv i o a r t p n og cn i 3o 5g 2e r eo l c f i t e r h At

tc tbr s nea amh e e u j met sw b xrdu o ap apl s Tues ye bh 3Shi 1nd dt w n 2a eo /i aad l t 2d r nt f2a e en n 2 o hma a t emC u as o s o a r yeu ce r c. bp h e en t t v hnf o e t ao)en d , nm na 3 i , n a 5 xo m h c 2 sai t s e y e3l (l i d0c i 5r c a3e 2a i r t ]d r ei n P3 l 1e Ac a0 d ir h rt r h2t e ro d[d dAn n n’e r e A w ue e f o ddb .

6 o l ens4 l t t o ua2 r c u f aehe o ) nd c l C P eahi c t i h A nmh ( r e w g 1 e A i w r H 0 ba ,e e slt e.4.a d l b vRv Aun h ’ T .tu a n t o C‘wws d a h 7nal e tr e 5iltn r h 2taa ee r e huf T /u ct n 4 qo . 0 on 5 ec os 2 5Cot Melford Development lnc’, 1982 2 SCR 504,

R.

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Deptt. of Revenue

Holding SA

112 Para 5.1

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non obstante

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r enefryl e m nu l l i b rmohoeo d t i o r ’ n t ooc nh n PfF ou c hi wo d he nect chfIsaue h n e e t t atoeyr e a ia engh brt 0 i gbh 7 s n r e t h edt 6 i r n d v f l t l l f e i oe eo o u o viF r C C d t o 8 r Owt .2 s C o e t neewn f tdi1 S h h e ’ n he n t n t s we 8 o c i a l ac f f am 7 ] au c c cr o o l e e n R e n nx r tg 1 3ea o5 r oi s d 0 oe ni e i i 2ihu 2 tt c t v a eo a dal ertj [ . l l b e f s e l s e s i 7 c o x i h dodig i g 6 g t i e t t t 5 el veer t u l n l o o Lo dAyen C n r dcnpderAmo C e p t e eedtt S a .eu d t a dnn A g c a 7 gaaegenArd e u l ) o e emnme l Tf e 5 c l o e 0 e dddDnaf 0 n i r e l t Do h i o 2 t eep a a u c i a l tt l n s ( s b q u d s a i s a i e i ei a Snal hg g s r ea t f.acp ee i l t l c l l l e mp c a we nc. l e s r A ada a p e t h s ui l i pd at hv xa l ei e dh t 8a c t e e n eT t 2 nc haRi n . l o 1 i t e e t o i . .r t lt f v remt n e a h e a l r s oppu t l dnu os i e i lt aR oo ci l hy at e ngwoiC t l e ws dtu fl. sIl e , i e t a e e 8 le i agorl ha t m seseutpr2se r L m i n Rfi,1o e tln r s ocaec I i a n p l i x 5 r d .p i u nu a9 6 o7T r ic nR uS 2c 6 2pI -

Chairman and Managing Director, Food Corporation of India Jagdish Balaram Bahira Dilip Kumar Ghosh Chairman

31. It is respectfully submitted that the learned assessing authority in the National Faceless Assessment Centre, is requested to grant the assessee a

7 6 M R O F F O G N I L I F D E T A L E B O T E U D C T F F O L A I N E D

113

Para 5.1

personal hearing through video conferencing, to explain the above stated facts and legal propositions, in a better way.

Thanking You. Yours Sincerely Mayank Mohanka, FCA Partner M/s S M Mohanka & Associates (Authorised Counsel of Assessee)

Faceless Assessment Appeals & Penalty Ready Reckoner with Real Time Case Studies AUTHOR PUBLISHER DATE OF PUBLICATION EDITION ISBN NO NO. OF PAGES BINDING TYPE

: : : : : : :

MAYANK MOHANKA TAXMANN APRIL 2022 5TH EDITION 9789356220379 630 PAPERBACK

Rs. : 1495 | USD : 54

Description This book is a ready reckoner for the assessee and tax practitioners to understand the practicalities and nuances of the following in an effective, qualitative, and timely manner: u

Faceless Assessments u/s 144B of the Income-tax Act as amended by the Finance Act, 2022

u

Newly substituted Faceless Appeal Scheme, 2021 introduced w.e.f. 28.12.2021

u

Faceless Penalty Scheme, 2021 introduced w.e.f. 12.01.2021

u

The newly inserted legislative faceless schemes are also explained: n

e-Assessment of Income Escaping Assessment Scheme, 2022 u/s 151A

n

Faceless Jurisdiction of Income-tax Authorities Scheme, 2022 u/s 130

n

e-Verification Scheme, 2021 u/s 135A

n

e-Advance Rulings Scheme, Scheme, 2021 u/s 245D

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2022

&

e-Settlement