Category: Income-Tax Act

Archive for the ‘Income-Tax Act’ Category


Riso India Private Limited v. PCIT (2021) 437 ITR 174 / 205 DTR 78/ 322 CTR 840 (Delhi)(HC)

S. 264 : Commissioner-Revision of other orders-Dismissal petition as premature without giving any reasons-Matter remanded and directed to pass a reasoned order. [Art. 226]

Tapas Kumar Basak v. ADIT(IT) (2021) 438 ITR 197 / 322 CTR 971/ ( 2022) 284 Taxman 224 (Cal.)(HC)

S. 264 : Commissioner-Revision of other orders-Return filed and assessed as resident-Scope is narrower than appeal-Revision application made to be assessed as Non-resident-Writ is not maintainable-Circular and Act-In case of conflict of provisions of Act will prevail. [S. 2(42), 6(1)(a), 144, 147, 154, Art. 226]

PCIT v. Shreeji Prints (P) Ltd. (2021) 130 taxmann.com 293 (Guj.)(HC) Editorial : SLP of revenue dismissed; PCIT v. Shreeji Prints (P.) Ltd. (2021) 282 Taxman 464 (SC))/( 2021) 437 ITR 10(ST)(SC)

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Unexplained investment-Un secured loans-Enquires were made in detail-Plausible view-Explanation 2-Revision is held to be not valid. [S. 68, 69]

PCIT v. Cisco Systems Capital (India) Pvt. Ltd. (2021) 437 ITR 349/ 206 DTR 143/ 323 CTR 563 (Karn.)(HC)

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Depreciation-Two possible view-Revision is held to be not valid. [S. 32]

PCIT v. Brahma Centre Development Pvt. Ltd. (2021) 437 ITR 285 / 205 DTR 249/ 323 CTR 888(Delhi) (HC)

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Two possible view-Interest on fixed deposit-Order of revision is not valid. [S.143(3)]

PCIT v. Deccan Jewellera P. Ltd (2021) 438 ITR 131 / 206 DTR 257/ 322 CTR 952/ 283 Taxman 578 (AP)(HC) PCIT v. Deccan Tobacco Company (2021) 438 ITR 131 (AP)(HC) PCIT v. Dte Exports P. Ltd. (2021) 438 ITR 131 (AP)(HC)Editorial : Notice issued in SLP filed against High Court order CIT v. Deccan Tobacco Company ( 2022) 286 Taxman 558 (SC)

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Search and seizure-Undisclosed investment-Excess stock assessed as business income-Possible view-Revision order held to be not justified. [S. 69, 115BBE, 132, 153D, 260A]

PCIT v. Deccan Jewellera P. Ltd (2021) 438 ITR 131 / 206 DTR 257/ 322 CTR 952/ 283 Taxman 578 (AP)(HC) PCIT v. Deccan Tobacco Company (2021) 438 ITR 131 (AP)(HC) PCIT v. Dte Exports P. Ltd. (2021) 438 ITR 131 (AP)(HC)

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Search and seizure-Undisclosed investment-Excess stock assessed as business income-Possible view-Revision order held to be not justified. [S. 69, 115BBE, 132, 153D, 260A]

CIT v. Mohammed Meeran Shahul Hameed (2021) 438 ITR 288 / 322 CTR 867 /206 DTR 209 / 283 Taxman 454(SC)

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Limitation-Order to be made within two years-Order passed and dispatched with in two years-Received the copy of order after eight months-Order is valid-Date of receipt is not relevant-Interpretation of taxing statute-The provision of the statute are to be as they are and nothing is to be added or taken away from the provisions of the statute. [S. 263(2)]

Southern Roadways Ltd. v. Dy. CIT (2021) 437 ITR 369 (Mad.)(HC)

S. 254(2) : Appellate Tribunal-Rectification of mistake apparent from the record-No power of review-Rejection of application was held to be valid. [S. 254(1), 260A, Art. 226]

PCIT v. Ashokji Chanduji Thakkor (2021) 130 taxmann.com 130 (Guj)(HC) Editorial : SLP of assessee dismissed, Ashokji Chanduji Thakkor v. PCIT (2021) 282 Taxman 307 (SC)

S. 254(1) : Appellate Tribunal-Duties-Order passed without any reasons-Failure to reply the addition was up held by the CIT(A)-Tribunal set aside the order-High Court reversed the order of the Appellate Tribunal. [S. 69, 153A]