Category: Income-Tax Act

Archive for the ‘Income-Tax Act’ Category


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]

Nagarjuna Oil Corporation Ltd. v. ACIT (2020) 429 ITR 562/ (2021) 277 Taxman 457 (Mad.)(HC)

S. 194I : Deduction at source-Rent-Lump sum paid for getting long lease-Not rent-Tax not deductible at source on such payment.

CIT v. TVS Shriram Growth Fund (2020) 429 ITR 440/ 121 taxmann.com 238/ (2021) 197 DTR 99 / 277 Taxman 41(Mad.)(HC)

S. 161 : Liability of representative assessee-Trustee-Beneficiaries to share benefit as per their investment-Shares determinable. [S. 4, 5, 164]

PCIT v. Rakesh Sarin (2020) 429 ITR 186/(2021) 197 DTR 99/ 319 CTR 73 (Mad.)(HC)

S. 158BB : Block assessment-Tribunal deleting the addition is held to be not valid-Order of Tribunal not based on facts-Order perverse and gives rise to substantial question of law. [S. 132, 158BH, 260A]