Author: ksalegal

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Footcandles Film Pvt. Ltd. v. ITO ( 2023 ) 146 taxmann.com 304 ( Bom)(HC)

S. 279: Offences and prosecutions – Sanction – Chief Commissioner – Commissioner – Compounding can be done beyond a period of 12 months – Guidelines contrary to the Act – Rejection of Compounding Application Quashed.[ S. 192 , Art , 226 ]

Dipakumar Ishwarlal Panchal ( 2022)The Chamber’s Journal – November P.80 ( Ahd )( Trib)

S. 271(1)(c) : Penalty – Concealment – Addition based on stamp valuation – Deeming section – Levy of penalty is not valid .[ S. 56(2)(x) ]

Visraj Exports Pvt Ltd v. CCIT(TDS) ( ( 2022)The Chamber’s Journal – October P.91 ( Delhi)(HC)

S. 276B : Offences and prosecutions – Failure to pay the tax deducted at source – Application failed to disclose same offences in earlier years – Rejection of compounding application is held to be valid [ Art, 226 ]

Ramnath Exports Pvt Ltd v. Vinita Mehta and Ors (2022 ) 7SCC 678

Civil Procedure Code , 1908,
S.96 : Appeal from original decree – Appeal – Commissioner (Appeals) – Duties -First appeal is a valuable right – Appellate authority is required to address itself to all issues and decide the appeal assigning valid reasons. [ITAct , S. 250, 251 ]

DCIT v. Barclays Global Service Centre Private Ltd (Pune) (Trib)

143(2): Assessment – Notice – Amalgamation -Notice issued in the name of a non-existing entity is bad in law where the assessee had intimated the Department regarding such change – Decisions are to be read in the context in which they are rendered. [ S. 143(3), 292BB ]

GIA Laboratory Pvt Ltd v. ITO ( 2023) 450 ITR 7( Bom)( HC).Editorial: Order in Gemological Institute of America CA Inc v. Add.CIT ( IT) ( 2021)88 ITR 505 ( Mum)( Trib), affirmed .

S. 201 : Deduction at source – Failure to deduct or pay – Earlier order was set aside by the Tribunal -Department appeal is pending for hearing – Order of Tribunal not stayed – Order holding that the assessee in default for latter year following the order of earlier year was quashed – Order of Tribunal is binding on the Assessing Officer – Order treating the assessee in default was quashed . [S. 260A, Art , 226 ]

PCIT v. Shivshahi Punarvasan Prakalp Ltd. (2022) 220 DTR 305 (Bom.)(HC)

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Interest expenditure-One Time Settlement (‘OTS’)-Write off of interest receivable-Order was passed after making enquiry-Prior to the insertion of Explanation 2-Order of Tribunal quashing the revision order was affirmed. [S. 36(1)(iii), 36(1)(vii), 143((3), 260A]

Gopal Extrusions Pvt. Ltd. (Through its Director Sanjay Ramgopal Taparia) v. ITR (2022) 326 CTR 713 / 214 DTR 105 (Bom(HC)

S. 260A : Appeal-High Court-Ex-parte order on merits-Change of address-Gross negligent on the part of the appellant-One more opportunity is granted to the Appellant-Directed to pay cost of Rs. 25,000. [S. 254(1)]

Mithalal B.Jain v. ITO(2022) 214 DTR 25 (Bom.)(HC)

S. 254(2) : Appellate Tribunal-Appellate Tribunal-Rectification of mistake apparent from the record-Accommodation entries-Bogus purchases-Evidences/statements collected from the accommodation entry provider has not been provided, ITAT has not even dealt with that objection-Order of Jurisdictional High Court-Order of Tribunal set aside. [Art. 226]

Rajendra R. Singh v. ACIT (2022) 328 CTR 691/ 216 DTR 386/ 289 Taxman 682/143 taxmann.com 34 /(2023)459 ITR 162 (Bom.)(HC)

S. 179 : Private company-Liability of directors-Managing Director of Ltd Company-Violation of principle of natural justice-lifting the corporate veil-Satisfaction was not recorded-Order was quashed. [S. 220(2), Art. 226]