S. 263 : Commissioner-Revision of orders prejudicial to revenue-Interest expenditure-Nexus of interest expenditure with interest income-Revision order is affirmed.[S. 57]
S. 263 : Commissioner-Revision of orders prejudicial to revenue-Interest expenditure-Nexus of interest expenditure with interest income-Revision order is affirmed.[S. 57]
S. 263 : Commissioner-Revision of orders prejudicial to revenue-Sale of seven flats within three years of acquisition-Revision is held to be justified. [S. 54F , 143(3)]
S. 263 : Commissioner-Revision of orders prejudicial to revenue-Capital gains-Interest paid capitalised-Purchase cost-Sale of debentures-Interest salary, etc. paid by firm-Two views possible-Revision order is quashed. [S. 40(b), 45, 55]
S. 263 : Commissioner-Revision of orders prejudicial to revenue-Employee stock option plan (ESOP)-Capital or revenue-Assessing Officer had taken a plausible view on issue based on existing proposition of law with regard to claim of ESOP expenses, revision is unjustified.[S. 37(1)]
S. 201 : Deduction at source-Failure to deduct or pay-Salaries-Perquisites-Non-deduction of TDS-Collection of license fee in form of house rent allowance from its employees-Unfurnished accommodation-Organization under a Statute enacted by legislature-Provisions of TDS will not apply.[S. 15, 17 , 201(1), 201(IA)]
S. 201 : Deduction at source-Failure to deduct or pay-Interest under section 201(1A) is payable only when there is an obligation to deduct tax-Matter remanded.[S. 191, 194A , 197A , 201(1) , 201(IA), Form 15H]
S. 194I : Deduction at source-Rent-Common area maintenance (CAM) charges-Provision of section 194C is applicable and not provision of section 194I. [S.194C , 201(1)]
S. 153C : Assessment-Income of any other person-Search-Approval of draft assessment-Sanction granted without application of mind-Order is bad in law. [S.132, 153D]
S. 153C : Assessment-Income of any other person-Search-Assessment-Document identification Number (DIN)-CBDT Circular No. 19 of 2019, dated 14-8-2019-Assessment order manually without generating any DIN number-Non-est in eyes of law. [S. 143(3)]
S. 147 : Reassessment-Unaccounted on-money in cash-Date of payment as 5-11-2013-No addition can be made for the relevant assessment year.[S.69 , 148]