Category: Income-Tax Act

Archive for the ‘Income-Tax Act’ Category


Krupa Trading Co. v. ITO (2020) 427 ITR 224 /271 Taxman 166 (Mad)(HC)

S. 254(1) : Appellate Tribunal- Powers- Donation -Power to remand matter- Based on the statement made by the donee, the Tribunal had rightly remanded the matter to the Assessing Officer . [ S.35(1)(ii) ]

S. Gurushankar v. CIT(Appeals) v. (2020)427 ITR 187/( 2021 ) 319 CTR 408 (Mad)(HC)

S. 246A : Appeal – Commissioner (Appeals) – Appealable orders – Single Judge refusing request for passing over and dismissing petition on merits- Order of Single judge is set aside – CIT (A) is directed to disposal of appeal on merits expeditiously . [ S115JC , Art ,226 ]

Chetan Kothari v. PCIT (2020) 427 ITR 136 / (2021) 277 Taxman 189(Mad)(HC)

S. 226 : Collection and recovery – Modes of recovery – Stay – Matter remanded.

CIT(LTU) v. Asea Brown Boveri Ltd. (2020) 427 ITR 166 /192 DTR 376/ 272 Taxman 224 (Karn)(HC)

S. 201 : Deduction at source – Failure to deduct or pay -Levy of compensatory interest — Order treating assessee as in default mandatory [ S.201(1) , 201(IA) ]

CIT v. Naman Associates (2020) 427 ITR 91 / 273 Taxman 297 / 196 DTR 147/ 317 CTR 654(Guj) (HC)

S. 158BC : Block assessment –Undisclosed income —Reducing quantum of addition — Held to be justified [ S.158BD ]

Precision Engineering v .ACIT (No. 2) (2020)427 ITR 258 (Chhattisgarh)(HC)

S. 147 : Reassessment – Alternative remedy – Survey -Dismissal of writ petition on ground of availability of alternative statutory remedy —Held to be justified . [ S. 133A,148 , Art , 226 ]

Precision Engineering v. ACIT(2020)427 ITR 198 /196 DTR 371 (Chhattisgarh) (HC) Aaditya Construction v. PCIT (2020)427 ITR 198/196 DTR 371 (Chhattisgarh) (HC) Editorial : Affirmed by division bench , Precision Engineering v . ACIT ( 2021 ) 319 CTR 217 / 198 DTR 311 (Chhattishgarh )(HC) Aaditya Construction v. PCIT ( 2021 ) 319 CTR 217 (Chhattishgarh )(HC)

S. 147 : Reassessment –With in four years- Existence of material- Reassessment notice is held to be valid [ S.148 Art .226 ]

CIT v. S. Albert and Co. P. Ltd. (2020) 427 ITR 145 (Mad) (HC)

S. 144 : Best judgment assessment -Arbitrary estimation is held to be not justified – Matter remanded

S. Gurushankar v .CIT(Appeals) (2020) 427 ITR 175/ ( 2021) 277 Taxman 180/ 199 DTR 44/ 319 CTR 410 (Mad) (HC).Editorial: refer ,Gurushanakar S. v .CIT ( 2021 ) 199 DTR 42 ( Mad)) (HC) observation of single judge on merit was set aside .

S. 80IB: Industrial undertakings – Fraudulent transactions – Denial of tax holiday – Principles of natural justice is not applicable in cases of fraud . [ S. 80IB ,80IB(11C, 115JC , 153A )

Ingersoll-Rand (India) Ltd v .CIT (2020) 427 ITR 158 /192 DTR 369(Karn)(HC)

S.80HHC: Export business – Explanation (baa) applicable only to receipts similar to brokerage, commission, interest, rent or charges