Category: Income-Tax Act

Archive for the ‘Income-Tax Act’ Category


Nd’s Art World Pvt. Ltd. v. Addl. CIT, (2025) 474 ITR 491 (Bom) (HC)

S. 119 : Central Board of Direct Taxes-Specified authority-Order passed by subordinate with member’s approval-Requirement of authorised authority [S. 119(2)(b), Art. 226]

Bharat Education Society v. AO (2025) 474 ITR 485 (Bom) (HC)

S. 119 : Central Board of Direct Taxes-Condonation of delay-Delay of 1585 days in filing revised return-Personal hearing mandatory-Violation of natural justice-Order was set aside-Matter remanded to CBDT to pass well reasoned after hearing assessee. [S. 119(2)(b),139, Art. 226]

PCIT v. Varun Corporation Ltd [2023] 154 taxmann.com 548 (Bom)(HC)

S. 115JB : Book profit-Limited power of AO-AO cannot go behind audited accounts approved under Companies Act except for adjustments in Explanation. [S. 260A]

PCIT v. ESYS Information Technologies Ltd [2024] 168 taxmann.com 431 / (2025) 474 ITR 396 (Delhi)(HC)

S.92CA: Transfer pricing-Reference to Transfer Pricing Officer-Arm’s Length Price-Appropriate method-Transactional Net Margin Method (TNMM)-Resale Price Method (RPM)-No material difference-Tribunal order deleting adjustment affirmed.[S.92C, 260A]

PCIT v. Mahle Behr India Ltd [2023] 154 taxmann.com 224 (Bom)(HC)

S. 92C : Transfer pricing-Risk adjustment-Tribunal remitted matter for risk adjustment margin-Revenue appeal not maintainable as issue not raised earlier. [S. 260A]

PCIT v. Thyssen Krupp Electrical Steel India (P.) Ltd. [2023] 154 taxmann.com 441 (Bom)(HC)

S. 92C : Transfer pricing-CUP method-TPO adopting CUP method unjustified where in subsequent years assessee’s benchmarking method was accepted-Order of Tribunal affirmed. [S. 260A]

PCIT v. Warburg Pincus India (P.) Ltd. [2023] 153 taxmann.com 574 (Bom)(HC) Editorial : On SLP by revenue, Supreme Court PCIT v. Warburg Pincus India (P.) Ltd [2023] 295 Taxman 417 (SC) set aside High Court order and remanded for fresh consideration.

S. 92C : Transfer pricing-Arm’s length price-Tribunal after giving detailed reasons rejected comparables selected by TPO-No question of law arose for consideration. [S. 260A]

Schneider Electric Industries SAS v. Dy. CIT (2025) 474 ITR 197 (Delhi)(HC) Societe De Participations Financieries ET Industries v. Dy.CIT (IT) (2025) 474 ITR 197 (Delhi)(HC) Editorial : SLP of assessee dismissed, Societe DE Participations Financieres v Asst. CIT (2025) 474 ITR 199 (SC)

S. 90 : Double taxation relief-Interpretation of agreements-Matter covered by Supreme Court-Writ petition was dismissed.[Art. 226]

Societe DE Participations Financieres v. ACIT (2025) 474 ITR 199 (SC) Editorial : Schneider Electric Industries SAS v. Dy. CIT (2025) 474 ITR 197 (Delhi)(HC) / Societe De Participations Financiers v. Dy. CIT (IT) (2025) 474 ITR 197 (Delhi)(HC)

S. 90 :Double taxation relief-Interpretation of agreements-Matter covered by Supreme Court-Writ petition was dismissed-SLP of assessee dismissed. [Art.136]

PCIT v. Pravin U. Parmar (Jain) (2025) 474 ITR 171 (Bom)(HC)

S. 69C: Unexplained expenditure-Bogus purchases-Restricting addition to the extend of seven percentage of alleged bogus purchases-No question of law-Order of Tribunal was affirmed. [S.37(1), 69C, 260A].