Quick Summary
The Supreme Court has requested a response from the Income Tax Department regarding notices issued to a committee assisting the court in sealing residential premises used for commercial purposes. The court also summoned the concerned tax officer for an explanation. Justices AS Oka and Pankaj Mithal
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Community
- Daily E-Newsletter
- Unlimited News Access
- Profile Visitors
- Link Social Profiles
- Featured Job Posts
- Pro Badge
- Expert GST Guidance
- Unlimited Forum Replies
- Download Content in PDF
BEST VALUE
2 YEAR PLAN
3,499
(Excl. of GST ₹629)
1 YEAR PLAN
1,999
(Excl. of GST ₹359)
3 MONTHS PLAN
999
(Excl of GST ₹179)
View all CCI PRO benfits
Already a PRO member? Login here for an ad-free experience.
FAQ :
The Supreme Court has requested a response from the Income Tax Department regarding notices issued to a committee that assists in sealing residential premises used for commercial purposes.
The three-member committee is headed by Bhure Lal.
No, the committee informed the court that it does not earn any revenue. Fees charged for de-sealing properties are remitted directly to the Supreme Court registry.
The court has summoned the concerned tax officer for an explanation and is seeking action against them for issuing the notices.
The committee has clarified that the funds held are not taxable income but are meant to be transferred to the Supreme Court, where they are placed in a fixed deposit account. They have stated they are not liable for taxes under Section 133(6) of the Income Tax Act.
CAclubindia
