Category: Income-Tax Act

Archive for the ‘Income-Tax Act’ Category


Clix Capital Services Pvt. Ltd. v. Jt. CIT (2023)459 ITR 470 /149 taxmann.com 279 / 334 CTR 574/ 225 DTR 232(Delhi)(HC)/Editorial : SLP of revenue is dismissed , Jt. CIT v. Clix Capital Services (P.) Ltd. (2024) 298 Taxman 90 / 464 ITR 768 (SC)

S. 275 : Penalty-Bar of limitation-Natural justice-Delay of ten years in issuing show cause notice -Notice issued in November 2017-Barred by limitation. [S. 271, 274, 275(1)(c)]

PCIT v. K. B. Capital Markets Pvt. Ltd. (2023)459 ITR 790 /156 taxmann.com 736 (Cal)(HC)

S. 268A : Appeal-Instructions-Monetary limits-Below threshold limit fixed by CBDT-Appeal is dismissed.[S. 260A] The court dismissed the appeal filed by the Department on the ground of low tax effect for the assessment year 2009-10.(AY.2009-10)

Smita Rohit Gupta v. PCIT (2023)459 ITR 369 / (2024) 158 taxmann.com 157 / 340 CTR 700(Bom)(HC)

S. 264 : Commissioner-Revision of other orders-Taxability of amount declared under Income Declaration Scheme-Rejection Of Application is not valid. [Finance Act, 2016 (2016) 384 ITR 1, 87 (St) (2019) 416 ITR 1(St), S.183, to 188 Art. 226]

Rarefield Engineers Pvt. Ltd. v. ACIT (2023)459 ITR 766 /156 taxmann.com 643 (Mad)(HC)

S. 260A : Appeal-High Court-Delay of 380 days-Delay in filling appeal is condoned-Tribunal is directed to decide on merits. [S. 68, 254(1)]

PCIT v. Jayantibhai Virjibhai Babariya (2023)459 ITR 447 /(2024) 158 taxmann.com 545 (Guj)(HC)

S. 260A : Appeal-High Court-Judgement of earlier year is up held by High Court-No question of law.[S. 254(1)]

PCIT v. Britannia Industries Ltd. (2023)459 ITR 786 /156 taxmann.com 737 (Cal)(HC)

S. 260A : Appeal-High Court-Delay-Delay is not explained satisfactorily-Appeal is dismissed.

Rajeev Biswas v. UOI (2023)459 ITR 36 /(2022) 143 taxmann.com 3 (Cal)(HC)

S. 254(2) : Appellate Tribunal-Rectification of mistake apparent from the record-Failure to apply judicial precedents and Circular issued by Central Board Of Direct Taxes-Error apparent on face of record-Tribunal has jurisdiction to rectify the mistake. [S.10(6)(viii), 143(1), 260A]

PCIT v. Hitesh Ashok Vaswani (2023)459 ITR 610 /156 taxmann.com 200 (Guj)(HC)

S. 254(2) : Appellate Tribunal-Rectification of mistake apparent from the record-Tribunal cannot review its earlier order or reappreciate facts or rectify error of law-Search and seizure-Limitation-Prohibitory order-Department has remedy of appeal to High Court.[S. 132, 153C, 260A]

PCIT v. Shree Developers (2023)459 ITR 466 (MP)(HC)

S. 254(1) : Appellate Tribunal-Duties-Reasoned order-A non-speaking order not only prevents adversely affected persons from knowing the exact reasons behind the conclusion arrived at but also disables the aggrieved person from effectively availing of remedy before the higher forum.[S. 260A]

Virtusa Consulting Services Pvt. Ltd. v. Dy. CIT (2023)459 ITR 522 (Telangana)(HC)

S. 237 : Refunds-Interest-Credit for advance tax and tax deducted at source-Company Merging Under Order Of National Company Law Tribunal-Directions issued to give credit of refund with interest to entity with which company merged. [Art. 226]