Category: Income-Tax Act

Archive for the ‘Income-Tax Act’ Category


Jackson Square Aviation Ireland Ltd. v. ACIT (2025) 302 Taxman 502 (Delhi)(HC)

S. 144C : Reference to dispute resolution panel-Pendency of objection-Order is set aside. [Art. 226]

Real Infrastructure Co. v. ITO (2025) 302 Taxman 116 (Bom.)(HC)

S. 144 : Best judgment assessment-Pendency of appeal and revision-Assessment order is stayed till proceedings before Appellate Authority or Revisional Authority were decided. [S. 144B, 148, 246A, 264, Art. 226]

BT Global Communications India (P.) Ltd. v. DCIT (2025) 302 Taxman 298 (Delhi)(HC)

S. 143(3): Assessment-Error in heading was result of an inadvertent systemic error-Clarification issued by the Assessing Officer-Writ petition is dismissed. [S. 144C, Art. 226]

No.9074 Neermullikuttai Primary Agricultural Co-operative Credit Society Ltd. v. Chief CIT (2025) 302 Taxman 22 (Mad.)(HC)

S. 119 : Central Board of Direct Taxes-Circular-Return of income-Delay of 216 days-Delay is not explained satisfactorily-Rejection of application for condonation of delay in filing the return is affirmed.[S. 80P, 119(2)(b), 139, Art. 226]

Cadence Design Systems (India) v DCIT (2025) 302 Taxman 59 (Delhi) (HC)

S. 92C : Transfer pricing-Arm’s length price-Avoidance of tax-International transaction-Comparable-Brand value-Entities having high brand value and, therefore, being able to command greater profits could not be selected as comparables-Order of Tribunal is set aside.[S. 260A]

PCIT v. Burberry India (P.) Ltd. (2025) 302 Taxman 257 (Delhi)(HC)

S. 92C : Transfer pricing-Arm’s length price-Avoidance of tax-International transaction-Trading of imported luxury goods-Resale price method (RPM) is most appropriate method. [S. 260A]

Pawan Kumar Jaggi v. ACIT (2025) 302 Taxman 274 (Delhi)(HC)

S. 69A : Unexplained money-Search-Deposit in bank account-Debit card in joint name-Matter remanded to produce bank account. [S.260A]

Shah Tobacco Trading Co. v. Add. ACIT (2025) 302 Taxman 219 (Guj)(HC)

S. 68 : Cash credits-Unsecured loan-Furnished documents to prove identity, genuineness and credit worthiness of parties-Matter remanded back to the Assessing Officer for fresh consideration. [S. 143(3), Art. 226]

Sandeep Hooda v. PCIT (2025) 302 Taxman 208 (Delhi)(HC)

S. 54 : Capital gains-Profit on sale of property used for residence-Construction of house-Putting together a structure of plywood sheets could not be construed as constructing a residential house-Not entitle to exemption. [S.45, 260A]

Hajra Iqbal Memon (Mrs.) v. ITAT (2025) 302 Taxman 524 (Bom.)(HC)

S. 45 : Capital gains-Long term capital gains-Tenancy right is converted into owneership-Date of transfer-Consent term-Confirming party-Deed of confirmation or deed of consent term or registration-Matter remanded to the Tribunal for re adjudication. [S. 2(27), 50C, 254(1), 260A]