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Archive for the ‘Income-Tax Act’ Category


PCIT (E) v. Tata Medical Centre Trust (2023) 459 ITR 155 / 295 Taxman 501/ 334 CTR 942 (Cal.)(HC)

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Document Identification Number (DIN)-Intimation letter-Rectification of mistake-Failure to mention Document Identification Number in order is violation of mandatory requirement — Dismissal of Department’s application for rectification of order is justified. [S. 254(2) 260A]

Peoples Forum v. CIT (2023) 295 Taxman 433 /2024)465 ITR 795 (Orissa)(HC)

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Anonymous donations-Corpus fund- Tribunal order is quashed and set aside [S.2(24((iia), 11, 12, 13(7)]

PCIT (Central) v. MBL Infrastructure Ltd. (2023) 155 taxmann.com 656/ (2024) 461 ITR 148 (Cal)(HC) Editorial: SLP of Revenue is dismissed, PCIT (Central) v. MBL Infrastructure Ltd. (2023) 295 Taxman 586 /(2024) 461 ITR 150(SC)

S. 263 : Commissioner-Revision of orders prejudicial to revenue-
-Industrial undertakings-Road infrastructure development-Order of Tribunal is affirmed. [S.80IA, 260A]

C and E Ltd. v. PCIT (2023) 295 Taxman 20 / (2024) 460 ITR 13(Cal.)(HC)

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Special category states-Form no 10CCB was filed in response to show cause notice-First year of substantial expansion remained unaltered-Commissioner has no jurisdiction to revisit same issue in subsequent assessment years-Order of the Tribunal affirming the revision order is set aside. [S.80IC]

PCIT v.. Pramod Kumar Tekriwal (2023) 153 taxmann.com 761 (Cal)(HC) Editorial : SLP of Reveune is dismissed, PCIT v. Pramod Kumar Tekriwal (2023) 295 Taxman 411 (SC)

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Bogus purchases-Order of Tribunal quashing the revision order is affirmed.[S. 69A,260A]

PCIT v. Yogeshkumar Shantilal Mehta (2023) 295 Taxman 623 (Guj.)(HC)

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Purchase of land-Stamp valuation is more than the consideration paid-No presumption could be drawn on the ground that purchaser of property must have paid more than what was actually recorded in account books-No substantial question of law. [S.69B, 260A]

PCIT v. Universal Music India (P.) Ltd(2023) 155 taxmann.com 230 (Bom)(HC) Editorial: SLP of Revenue is dismissed, on account of delay and also on merits, PCIT v. Universal Music India (P.) Ltd. (2023) 295 Taxman 232 (SC)

S. 263 : Commissioner-Revision of orders prejudicial to revenue-disallowance of Fringe Benefit Tax (FBT)-Provision in respect of slow moving and obsolete inventories-Issue not raised in the show cause notice-Revision is held to be not valid.[S.40A(2)(b), 260A]

PCIT v. American Spring & Pressing Works (P.) Ltd. (2023) 295 Taxman 438 (Bom.)(HC) Editorial: American Spring & Pressing Works (P.) Ltd v. PCIT (2017) 166 ITD 92 (Mum)(Trib), affirmed.

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Development of residential complex-Land converted into stock in trade-Possible view-Order of Tribunal is affirmed. [S. 2(47)(v), 45(2), 260A]

PCIT (Central) v. MBL Infrastructure Ltd. (2023) 295 Taxman 586/(2024) 461 ITR 150 (SC) Editorial : PCIT (Central) v. MBL Infrastructure Ltd. (2023) 155 taxmann.com 656 /(2024) 461 ITR 148(Cal)(HC)

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Industrial undertakings-Road infrastructure development-High Court affirmed the order of the Tribunal-SLP of Revenue is dismissed. [S. 80IA, Art. 136]

PCIT v. Pramod Kumar Tekriwal (2023) 295 Taxman 411 (SC) Editorial: PCIT v.. Pramod Kumar Tekriwal (2023) 153 taxmann.com 761 (Cal)(HC)

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Bogus purchases-Order of High Court affirming the order of Tribunal is affirmed-SLP dismissed.[S. 69A,Art. 136]