Category: Tax Laws

Archive for the ‘Tax Laws’ Category


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 ]

R. Kantilal and Co. v ITO (2020) 424 ITR 92 (Guj)(HC)

S.147: Reassessment-After the expiry of four years- There was no failure to disclose material facts — Mere change of opinion — Notice s held to be not valid [ S.148 ]

Jayesh T. Kotak v. Dy CIT (2020) 424 ITR 435 / 273 Taxman 525 / 116 taxmann.com 426 / 195 DTR 277/ 317 CTR 406(Guj)(HC) Editorial : SLP of revenue dismissed , Dy.CIT v. Jayesh T. Kotak ( 2021 ) 282 Taxman 298 ( SC)

S.147: Reassessment — -After the expiry of four years- Deemed dividend — No obligation to disclose when the assessee was not benefitted .[ S.2(22) ( e ) , 148, Art , 226 ]

Asset Reconstruction Company India Pvt. Ltd. v Dy.CIT (2020) 424 ITR 715 (Bom) ( HC)

S.147: Reassessment-After the expiry of four years- Purchasing non-performing asset from Bank and receiving payment -Alleged bogus entry provider – Reasons neither supported by an affidavit or oral submission — Notice is held go be invalid . [ S. 148 ]