Category: Income-Tax Act

Archive for the ‘Income-Tax Act’ Category


Sudhir S. Mehta v. Dy. CIT (2021) 85 ITR 8 (SN)(Mum) (Trib)

S .14A : Disallowance of expenditure – Exempt income – Interest – Interest paid on loans to be set off against interest income from term deposits [ R.8D ]

Lad Shakhiya Wani Samaj Kalyan v. CIT(E) (2021)85 ITR 57 (SN)(Pune) (Trib) Shikshan Prasarak Mandal v. CIT(E) (2021)85 ITR 57 (SN)(Pune) (Trib)

S. 12AA : Procedure for registration –Trust or institution- Non-payment of taxes not a criteria for denial of registration – Registration is directed to be granted .[ S. 11(1)(d), 12A, 139(4A )] S. 12AA : Procedure for registration –Trust or institution- Non-payment of taxes not a criteria for denial of registration – Registration is directed to be granted .[ S. 11(1)(d), 12A, 139(4A )]

Bgsal CF Try v .CIT(E) (2021) 85 ITR 51 ( (SN)(Jaipur) (Trib)

S. 12AA : Procedure for registration –Trust or institution-Functioning from Temple premises – Matter remanded – Time limit for passing order granting approval — Period of six months to be calculated from end of month in which application received — Order with in limitation period [ S. 2(15), 80G R. 11AA ]

Amrapali Exports v. Dy. CIT (2021) 85 ITR 48 (SN)(Jaipur ) (Trib)

S. 10AA : Special economic zones – Additions- Bogus purchases — Enhanced profits- Eligible for deduction

ACIT (E) v. India International Centre (2021) 85 ITR 54 (SN) (Delhi) (Trib)

S. 10 (23C): Educational institution- Providing accommodation and food and beverages, Etc – Not commercial activities – Entitle to exemption [ S. 2(15), 10 (23C) (iv) ]

Sumati Gems v. Dy. CIT (2021) 85 ITR 579 (Jaipur)(Trib.)

S. 271AAB : Penalty-Search initiated on or after 1st day of July 2012-Undisclosed income-Surrendering additional business income-Levy of penalty at 10 Per Cent. on undisclosed income-No further appeal filed against order-Penalty justified-Difference in valuation-Not undisclosed income-Levy of penalty is not justified. [S. 132(4), 153B(1)(b)]

Texmaco Rail and Engineering Ltd. v. Dy.CIT (2021) 85 ITR 267 (Kol.) (Trib.)

S. 271(1)(c) : Penalty-Concealment-Notice not specifying contravention for which issued-Notice defective-Penalty not sustainable.

Krishna Murari Poddar v. PCIT (2021) 85 ITR 101 (Kol.)(Trib.)

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Gift deed not registered-Gift of immoveable property from daughter-Revision is held to be without jurisdiction.

Huawei Technologies Co. Ltd. v. Add. DIT(IT) (2021) 85 ITR 170 / 187 ITD 782(Delhi)(Trib.)

S. 234B : Interest-Advance tax-Non-Resident-No advance tax payable-Interest not leviable up to assessment year 2012-13-Interest could be levied from assessment year 2013-14 onwards. [S. 209(1)(d)]

Dish Tv India Ltd. v. Dy.CIT (TDS) (2021) 85 ITR 648 / 199 DTR 97 / 209 TTJ 817 (Delhi)(Trib.)

S. 201 : Deduction at source-Failure to deduct or pay-Short Deduction-Order passed beyond two years from end of financial year in which statements of tax deducted at source filed-Order Barred by imitation-Payment to contractor-Matter remanded. [S. 194C, 194J, 201(1), 201(IA)]