Category: Income-Tax Act

Archive for the ‘Income-Tax Act’ Category


Angels Immigration And Educational Consultants Pvt. Ltd. v. UOI (2020) 429 ITR 1 / ( 2021) 199 DTR 78/ 319 CTR 435 (P&H)(HC)

S. 276B : Offences and prosecutions-Failure to pay to the credit tax deducted at source-Application pending before Settlement Commission-Does not Bar Criminal Prosecution. [S. 245C, 245D, 276C, 277, Indian Penal Code, 1860, S. 417]

Kaveri Associates v. ACIT (2020) 429 ITR 40 / 275 Taxman 545 (Karn.)(HC)

S. 271(1)(c) : Penalty-Concealment-Notice not specifying the charge -Mere disbelieving of explanation is not sufficient- levy of penalty is held to be not valid. [S. 274]

PCIT v. N. K. Proteins Ltd. (2020)429 ITR 493 (Guj.)(HC)

S. 263 : Commissioner-Revision of orders prejudicial to revenue- Assessment passed after due verification by Assessing Officer-Not erroneous. [S. 40A(2)(b), 142(2A)]

CIT v. Lakshmi Machine Works Ltd. (2020) 429 ITR 464 (Mad.)(HC)

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Order Giving effect to order of commissioner in revision-Assessing Officer cannot traverse beyond directions of commissioner-Order of Tribunal is affirmed. [S. 143(3), 254(1)]

PCIT v. Vinodbhai Ranchhodbhai Parekh (2020) 429 ITR 225 / 316 CTR 346 / 188 DTR 284(Guj.)(HC)

S. 260A : Appeal-High Court-Monetary limits-Revision by commissioner-Appeal not maintainable. [S. 263, 268A]

CIT v. MD Waddar and Co. (2020) 429 ITR 451/317 CTR 713/196 DTR 33 /(2021 ) 277 Taxman 558 (Bom.)(HC)

S. 260A : Appeal-High Court-Territorial Jurisdiction of High Court- Precedent-Assessed in Karnataka-Appeal decided by Mumbai Tribunal-Bombay High Court has no jurisdiction to decide the appeal. [S. 147, 148, Art. 142, 226, 227]

Tiger Global International Ii Holdings, Mauritius, In Re (2020) 429 ITR 288 /116 taxmann.com 878 / 189 DTR 90 / 315 CTR 160 (AAR)

S. 245R : Advance rulings-Application-Applying for nil tax withholding certificate-No proceeding pending-No bar on application-Matter examined in proceedings under section 195 or under Section 197-Applications maintainable-Capital gains-Transfer of shares- Mauritius Company of shares in Singapore company to Luxembourg Company-Singapore Company Holding Shares In Subsidiaries In India -Application is maintainable-Tax Avoidance-See-through Entities to avail of benefits of Double Taxation Avoidance agreement between India and Mauritius-No strategic Foreign Direct investment in India-Arrangement a preordained transaction created for Tax Avoidance purpose-Application not maintainable DTAA-India –Mauritius. [S. 195, 197]

PCIT v .Income-Tax Settlement Commission (I. T. And W. T.) (2020) 429 ITR 143 (Cal.)(HC)

S. 245D : Settlement Commission-Principles of natural Justice- Search and seizure-Block assessment. [S. 132, 158BC, 158BD, Art. 226]

Louis Dreyfus Company India Pvt. Ltd. v PCIT (2020) 429 ITR 346 (Delhi)(HC)

S. 241A : Refund- Withholding of refund in certain cases-Orders set aside and authorities directed to reconsider whether refund amount or part thereof liable to be withheld. [S. 143(1), 264, Art. 226]

Mahesh Investments v. ACIT (2020) 429 ITR 284/196 DTR 284/(2021) 277 Taxman 161 / 323 CTR 116(Karn.)(HC)

S. 234A : Interest-Default in furnishing return of income-Assessment consequent on order of remand-Interest payable. [S. 2(8), 143(3) 144]