Category: Income-Tax Act

Archive for the ‘Income-Tax Act’ Category


Aafreen Fatima Fazal Abbas Sayed v. ACIT (2021) 434 ITR 504 / 202 DTR 1/ 280 Taxman 429 / 321 CTR 583(Bom.)(HC)

S. 264 : Commissioner-Revision of other orders-Appeal filed after expiry of time limit-Revision application is held to be valid. [S. 143(1)(a), 246A, 264(4), Art. 226]

Vrundavan Ginning and Oil Mill v. Assistant Registrar (2021) 434 ITR 583/ 205 DTR 46 / 323 CTR 1067/ ( 2020) 284 Taxman 410 (Guj.)(HC)

S. 254(2) : Appellate Tribunal-Rectification of mistake apparent from the record-Jurisdiction limited to correcting error apparent on face of record-Tribunal cannot review its earlier order or rectify error of law or reappreciate facts. [S. 253, 254(1), 260A]

P.T. Manuel and Sons v. CIT (2021) 434 ITR 416 (Ker.)(HC)

S. 254(2) : Appellate Tribunal-Rectification of mistake apparent from the record-Contradiction in earlier order-No error apparent on record-Tribunal wrongly recalled the order-Failure by Tribunal to consider applicability of explanation to Section 271(1) (c)-Rectification is held to be not valid. [S. 271(1)(c)]

Anil Kumar Nevatia v. ITO (2021) 434 ITR 261 / 203 DTR 92 / 278 Taxman 235/ 321 CTR 368 (Cal.)(HC)

S. 254(2) : Appellate Tribunal-Rectification of mistake apparent from the record-Limitation-Actual date of receipt of order of Tribunal. [S. 253, 268]

Ratanchand Manoharmal v. ITO (2021) 434 ITR 573/ 281 Taxman 513 (Mad.)(HC)

S. 254(1) : Appellate Tribunal-Power-Order of remand case is not valid-Remand without considering additional grounds is held to be not valid.

H. Nagaraja v. ACIT (2021) 434 ITR 97 (Karn.)(HC)

S. 254(1) : Appellate Tribunal-Duties-Telescoping of expenses-Benefit of matching principle-Appeal of revenue-Contention not considered by Tribunal-Matter remanded to Tribunal. [S. 40A(3) 132, 153A, 253]

XYZ INC In re. (2021)434 ITR 49 / 200 DTR 17 / 320 CTR 270 (AAR)

S. 245R : Advance rulings-Questions raised in application pending before Income-Tax Authority for different years-Application not maintainable. [S. 245R(2)]

BP Israel, In re (2021) 434 ITR 283 (AAR)

S. 245R : Advance rulings-Applicant is not found to be real owner of the transactions-Transactions were designed prima facie for avoidance of tax.-Application is rejected-DTAA-India-Israel. [S. 9(1)(i), 9(1)(vi), 9(1)(vii), 245N(a)(ii), 245R(2)]

CIT v. ITSC (2021) 434 ITR 546 / 205 DTR 305/ 322 CTR 517 (Mad.)(HC)

S. 245C : Settlement Commission-Full and true disclosure of income-Not disclosing the income discovered during search-Acceptance of application is held to be not valid-Writ petition is held to be maintainable-Order is held to be perverse. [S. 132, 153A, 245D, Art. 226]

Toyota Kirloskar Motor (P.) Ltd. v. ITO (TDS)-LTU (2021) 434 ITR 719/ 205 DTR 395/ 322 CTR 452/ 281 Taxman 527 (Karn.)(HC)

S. 201 : Deduction at source-Failure to deduct or pay-Mere entries in accounts-No accrual of income-Not liable to deduct tax at source. [S. 40(a)(i), 40(a)(ia), 192, 194C, 201(IA)