Category: Income-Tax Act

Archive for the ‘Income-Tax Act’ Category


PCIT(Central) v. Affluence Commodities (P.) Ltd. (2024) 471 ITR 252 /161 taxmann.com 476 (Guj) (HC)

S.14A : Disallowance of expenditure-Exempt income-Disallowance cannot exceed the exempt income-No substantial question of law.[S. 260A]

Myadam Kishan Rao Charitable Trust v. CIT (E) (2024) 471 ITR 334 (Telangana) (HC)

S. 12AB: Procedure for fresh registration-Reasonable opportunity-Violation of principle of natural justice-Alternative remedy-Writ petition is dismissed. [S. 12AB(4), Art. 226]

Purnendu Shekhar Sinha v. UOI (2024) 471 ITR 186 /159 taxmann.com 746 (Patna) (HC)

S. 10(10AA) : Leave salary-Employee of the Central Government or State Government-State Bank of India-Retired employee of State Bank of India-Not violative of Article 14 of Constitution of India.[Art. 14, 15, 226, Central Civil Services (Leave)Rules 1972]

CIT v. Saeed Mustafa Shervani (2024)471 ITR 777 (Delhi) (HC)

S. 4 : Charge of income-tax-Capital or revenue-Amount received under non-compete agreement is capital receipt.[S. 28(i)]

R. Revathy(2024)470 ITR 69 (Mad) (HC)

S. 276C : Offences and prosecutions-Wilful attempt to evade tax-Search and seizure-Jewellery found during search-Revision order-Pendency of assessment proceedings-Pendency of adjudication proceeding is not a bar on prosecution-Petition to quash the prosecution is dismissed. [S. 132, 153C, 263, 271(1)(c), 276C(1), 277, Art. 226]

R. Revathy v. ACIT (2024)470 ITR 56 / 160 taxmann.com 464 (Mad) (HC)

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Penalty-Concealment-Doctrine of merger-No merger-Revision order is affirmed-VDI Scheme, 1997. [S. 271(1)(c), 274]

PCIT v. Shark Mines and Minerals (P.) Ltd. (2024) 470 ITR 76 /151 taxmann.com 71 (Orissa) (HC) Editorial: Shark Mines and Minerals (P.) Ltd v. PCIT (2014) 117 ITR 67 (Cuttack)(Trib)

S. 263 : Commissioner-Revision of orders prejudicial to revenue-limited scrutiny-Method of accounting-When the Assessing Officer could not have possibly examined issue which is not subject matter limited scrutiny-Commissioner cannot revise the order-Order of Tribunal is affirmed. [S.40A((3), 145, 260A]

PCIT v. Earth Minerals Co. Ltd (2024) 470 ITR 567/162 taxmann.com 272 (Orissa) (HC) Editorial : SLP of Revenue is dismissed, PCIT v. Earth Minerals Co. Ltd. (2024)470 ITR 569 /162 taxmann.com 273 (SC)

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Order of Tribunal quashing the revision order is affirmed-No substantial question of law. [S. 254(1), 260A]

PCIT v. Earth Minerals Co. Ltd. (2024)470 ITR 569 /162 taxmann.com 273 (SC) Editorial : PCIT v. Earth Minerals Co. Ltd (2024) 470 ITR 567/162 taxmann.com 272 (Orissa) (HC)

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Order of Tribunal quashing the revision order is affirmed by High Court-SLP of Revenue is dismissed. [S. 254(1), Art. 136]

Mahesh Goud Voruganti v. ITO (2024)470 ITR 80 /158 taxmann.com 286 (Telangana) (HC)

S. 254(2): Appellate Tribunal-Rectification of mistake apparent from the record-Revival of appeal-Application to withdraw appeal-Tribunal allowed withdrawal-Application for revival of appeal in terms of earlier order should be allowed-Direct Taxes Vivad Se Vishwas Scheme (DTVSV)-Form No. 3 [S. 254(1), Art. 226]