S. 271A: Penalty – Failure to keep maintain -Retain books of accounts –Documents -Penalty order is set aside. [S.44AA]
Amey Pravinbhai Brahmbhatt v. ITO [2024] 109 ITR 17 (SN)(Ahd)(Trib)
Digest of case laws
Online digest of latest case laws
This Digest of case laws is prepared by KSA Legal and AIFTP from judgements reported in BCAJ, CTR, DTR, ITD, ITR, ITR (Trib), Chamber's Journal, SOT, Taxman, TTJ, BCAJ, ACAJ, www.itatonline.org and other journals
Click here to download the pdf versions of the Digest of case laws S. 271(1)(c) : Penalty- Concealment – Deeming provision –Capital gains -Agreement value -Stamp valuation- Levy of penalty is not valid. [S.50C]
Gunwant Sohanlal Kherodiya v. Dy. CIT [2024] 109 ITR 31(SN) (Mum)(Trib)S.271(1)(c): Penalty -Concealment -Not striking off irrelevant portion in the notice – Penalty order is quashed. [S. 69C, 143(3)]
S. Sagar Enterprises v. DCIT [2024]205 ITD 110/109 ITR 650 (Mum) (Trib)S. 263 : Commissioner -Revision of orders prejudicial to revenue- Document identification No (DIN)- Order is bad in law. [S. 153C]
Dilip Kothari v. PCIT [2024] 109 ITR 654 (Bang)(Trib)S. 263 : Commissioner – Revision of orders prejudicial to revenue – Capital gains -Profit on sale of property used for residence -Capital gains not deposited in CGAS -Capital gain was invested in purchase/construction of residential house within time limit prescribed under section 54(1) –Revision is held to be not valid. [S. 45, 139(1)]
Sarita Gupta (Ms.) v. PCIT [2024] 109 ITR 373 / 204 ITD 299 (Delhi) (Trib)S. 263: Commissioner -Revision of orders prejudicial to revenue- Long term capital gains- [S. 45, 115O, 115P]
Bijni Dooars Tea Co. Ltd. v. PCIT [2024] 109 ITR 105/ 204 ITD 75/ 228 TTJ 552 (Kol)(Trib)S. 263 : Commissioner – Revision of orders prejudicial to revenue – Revision on the basis of investigation/ enquiries conducted post completion of assessment -Sale of shares -Long term capital gains – Reassessment order is invalid. [S. 143(3)]
Kaustubh Gupta v. PCIT [2024] 109 ITR 10(SN)(Delhi) (Trib)S. 251: Appeal -Commissioner (Appeals) -Powers- Co-terminus -Fresh claim of deduction- Allowed deduction. [S.80C]
Ajay Sharma v. Jt. CIT [2024] 109 ITR 268 (Amritsra)(Trib)S.251: Appeal-Commissioner (Appeals) -Powers -No power to dismiss appeal for non-prosecution –CIT(A) is directed to pass speaking order on merits. [S. 92C, 92CA(2)]
DSI-Bridgecon India (P.) ltd. v. ACIT [2024] 205 ITD 136 (Delhi) (Trib)S. 201 : Deduction at source – Failure to deduct or pay -DTAA -India -UAE.[S. 9(1)(vi), 201(1), 201(IA), Art. 7]
Dy. CIT v. Kalpataru Power Transmission Ltd. [2024] 109 ITR 689 (Ahd) (Trib)