Category: Tax Laws

Archive for the ‘Tax Laws’ Category


CIT v. V. M. Varghese a d Another (2020) 424 ITR 561 (Ker)(HC)

S. 260A : Appeal – High Court – Delay of 3345 days – Abetment of appeal due to death of the assesse – Delay was not explained – Application for condonation of delay was rejected and appeal was dismissed as abated [ S.220(2A) ]

PCIT v. Grasim Industries Ltd. (2020) 424 ITR 236 (Bom)(HC)

S.260A: Appeal to High Court -Rule of consistency — Taxability of profits of overseas branches of assessee — Earlier year order of Appellate Tribunal was accepted- Precluded from raising point for later year – Appellate Tribunal – Powers – Subsidy – Capital or revenue – New issues can be raised first time before the Appellate Tribunal on the basis of material already on the record .[ S. 4, 254(1)

CIT v. Dr. K. Kannagi (2020) 424 ITR 470/ 194 DTR 145 / 316 CTR 695 (Mad) (HC) CIT v. Dr. N. Rajkumar (2020) 424 ITR 470/ 194 DTR 145 / 316 CTR 695 (Mad) (HC)

S.254(1) : Appellate Tribunal- Duties- Tribunal bound to give reasons for reversing findings rendered by lower authorities — Deletion of addition is held to be not justified .[ S.132(4) , 158BA, 158BC]

Jiwan Kumar v. PCIT (2020) 424 ITR 296/ 194 DTR 20/ 316 CTR 767 (P&H)(HC)

S.244A: Refund – Interest on refunds – Retention of impounded cash- — Delay of more than three years after finalisation of assessment in refunding amount seized —Entitled to interest from date of order passed by Assessing Officer till date of payment- Right to property – Retention of impounded cash without any authority of Law is violation of Article 300A of Constitution. [ 132B(4) , 153A , 263, Art .300A ]

Qatalys Software Technologies Pvt Ltd v. v UOI (2020)424 ITR 143/ 192 DTR 341/ 316 CTR 5/ 272 Taxman 119 (Mad) (HC)/QSource Global Consulting (P) Ltd v. UOI (2020)424 ITR 143 / 192 DTR 341/ 316 CTR 5/ 272 Taxman 119 (Mad) (HC)/Jean Park (India )(P) Ltd v.ITO (2020)424 ITR 143 / 192 DTR 341/ 316 CTR 5/ 272 Taxman 119 (Mad) (HC

S.234E: Fee-Default in furnishing the statements- Deduction of tax at source — Fee of Rs 200 for every day -Constitutional validity – Compensatory levy for extra burden on Income-Tax Department- Provision is valid .[ S.271H , Art , 14, 226 ]

Andoorkonam Service Co-Operative Bank Ltd. v. ITO (2020)424 ITR 283/ 194 DTR 140 / 317 CTR 111(Ker) (HC) Editorial : Order of single judge is modified .

S. 226 : Collection and recovery – Modes of recovery – Garnishee proceedings- Recovery effected on same day and garnishee proceedings initiated with in two days of amount becoming due – Guide lines – Order of single judge modified . [ S.80P(4), 226(3) (iii) ]

CIT v. Dr. K. Kannagi (2020) 424 ITR 470/ 194 DTR 145 316 CTR 695 (Mad) (HC)/CIT v. Dr. N. Rajkumar (2020) 424 ITR 470/ 194 DTR 145 316 CTR 695 (Mad) (HC)

S. 158BC : Block assessment – Undisclosed income –Agricultural income- Seized material and statement – Due date for filing of return was not expired – Deletion of addition – Tribunal bound to give reasons for reversing findings rendered by lower authorities — Deletion of addition is held to be not justified .[ S.69A, 132(4) 158BA, 158BC 254(1) ]

Dy.CIT v. Gay Travels P. Ltd. (2020) 424 ITR 376 (Mad)(HC)

S.148: Reassessment — Notice —Reasons not recorded- Notice is held to be not valid [ S.147 ]

Gayatri Microns Ltd. v. ACIT (2020) 424 ITR 288 / 114 taxmann.com 318 (Guj)(HC)Editorial: SLP of revenue dismissed , due to low tax effect , ACIT v. Gayatri Microns Ltd. (2021) 278 Taxman 274 (SC)

S.147: Reassessment —Amalgamation – Notice issued against transferor-Amalgamating entity ceases to have existence- Notice and subsequent proceedings unsustainable [ S.148 , Art , 226 ]

Durlabhai Kanubhai Rajpara v .ITO (2020) 424 ITR 428 (Guj)(HC)

S.147: Reassessment —Notice issued in name of dead person — Notice and proceedings invalid [ S.131(IA) 148 ,159 , 292A Art . 226 ]