Category: Income-Tax Act

Archive for the ‘Income-Tax Act’ Category


ACIT v. Indian Broadcasting Foundation ( 2021) 186 ITD 241 /122 taxmann.com 123 ( Delhi) (Trib)

S. 11 : Property held for charitable purposes – Funds in equity of a non profit company to carry on its objectives more effectively on account of Central Government policy – Denial exemption is not justified . [ S. 11(5) , 12 , 12AA, 13(1)(d), Companies Act , 1956 , S. 25 ]

Mistral Solutions Pvt Ltd v .DCIT ( 2021) 123 taxmann.com 125 / 200 DTR 140( Bang) (Trib)

S. 10A : Free trade zone – Unabsorbed losses – Assessing Officer cannot reject the claim allowable under law even if it was not claimed in the return [ S. 32 (2), 72, 139(1),154 ]

Bejan Singh Eye Hospital Pvt. Ltd. and Ors. v. IT Department (2020) 428 ITR 206 (Mad.)(HC)

S. 276C : Offences and prosecutions-Willful attempt to evade tax- Delay in payment of tax-Admission of liability in return and subsequent payment of tax-Criminal proceedings quashed. [S. 276(2)]

DIT(E) v. India Heritage Foundation (2020) 428 ITR 299 / 196 DTR 241 (Karn.)(HC) Editorial: All issues are open for consideration , India Heritage Foundation v. DIT (E) (2022)449 ITR 154 (SC)

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Appellate Tribunal-Power-Revision on ground pf lack of enquiry by Assessing Officer-When the Tribunal agreeing with Commissioner, the Tribunal has no power to set aside the order, when it’s is not subject matter of appeal. [S. 11, 12AA, 3(8), 80IB(10), 254(1)]

PCIT v. Minal Nayan Shah (2020) 428 ITR 23/ 275 Taxman 540 (Guj.)(HC)

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Purchase of three units-Possible view -Revision is held to be not valid [S. 54, 54F]

CIT v. Aztec Software Technology Ltd. (2020) 428 ITR 245/ 275 Taxman 206 (Karn.)(HC)

S. 263 : Commissioner-Revision of orders prejudicial to revenue- Export of computer software-Development of software at client’s site outside India-Assessing Officer taking one of two plausible views-Revision is held to be not valid. [S. 10A]

CIT v. V. M. Salgaonkar Brothers Pvt. Ltd. (2020) 428 ITR 386 / 317 CTR 529 / 195 DTR 241/( 2021) 277 Taxman 469 (Bom.)(HC)

S. 260A : Appeal – High Court -Refusing to frame question as substantial question of law – High Court cannot review its decision.

PCIT v. Solan District Truck Operators Transport Co-Operative Society (2020) 428 ITR 264 / 274 Taxman 397 (HP)(HC)

S. 260A : Appeal-High Court -Monetary Limit-Case not falling within exception-Appeal not maintainable.

PCIT v. Ambuja Darla Kashlog Mangoo Transport Co-Operative Society (2020) 428 ITR 94 / 269 Taxman 618 / 317 CTR 363 / 195 DTR 99 (HP)(HC)

S. 260A : Appeal-High Court-Monetary limit-Notification dated 11-7-2018 of Central Board Of Direct Taxes-Case not falling within Exception-Appeal not maintainable. [S. 253, 254(2)]

CIT v. Emgeeyar Pictures P. Ltd. (2020) 428 ITR 341 / 317 CTR 148 / 194 DTR 273 / (2021) 276 Taxman 335 (Mad.)(HC)

S. 254(2) : Appellate Tribunal-Rectification of mistake apparent from the record-Assess ability of capital gains-New plea could not have been considered by the Tribunal-Re assessment-Limitation- Reassessment proceedings were not barred by limitation-Matter remanded to the Assessing Officer. [S. 149, 150, 254(1)]