Category: Income-Tax Act

Archive for the ‘Income-Tax Act’ Category


Good Earth Fertilizers Co. P. Ltd. v. ITO (2023)102 ITR 68 (SN)(Chennai) (Trib)

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Limited scrutiny assessment-Issues raised in revision thoroughly examined in assessment proceedings-Revision is bad in law.[S.14A, 36(1)(iii), R.8D]

G. T. Homes v. PCIT (2023)102 ITR 11 (SN)(Raipur) (Trib)

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Record-Unexplained expenditure-Repayment of unsecured loans-Shell Companies-Revision is not justified-Loans from shell companies-Revision is justified.[S.68, 69C]

Control Print Ltd v. PCIT (2023) 102 ITR 5 (SN)(Mum)(Trib)

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Industrial undertaking-Himachal Pradesh-Audit report filed physically before filing of return-Deposit of cash-Demonetisation period-Detailed filed in the course of assessment proceedings-Revision is held to be not valid.[S.80IA(7), 80IC, 80IE (6), 143(3)]

Kashmiri Lal Gupta v.PCIT (2023)102 ITR 1 (Chd)(Trib Gupta Electrico v.PCIT 2023)102 ITR 1 (Chd)(Trib)

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Survey-Surrender of income-Commissioner cannot look again at same information-Revision is quashed.[S.133A, 143(3)]

Spicejet Ltd. v. Add. CIT (2023)102 ITR 58 (Delhi)(Trib)

S. 251 : Appeal-Commissioner (Appeals)-Powers-Additional grounds-Lease expenditure-Revised computation-Not justified in refusing admission-Matter remanded to the CIT(A).[S. 37(1)]

Biocon Ltd. v. DCIT (2023) 102 ITR 485 (Bang)(Trib)

S. 194A : Deduction at source-Interest other than interest on securities-S. 194A : Deduction at source-Interest other than interest on securities-Non deduction of TDS on year-end provision-Suo moto disallowance of expenditure u/s 40(a)(ia)-liability to deduct tax at source u/s 194A exists-levy of interest u/s 201(1A) –Failure to identify the payees-Matter remanded.[S.40(a)(i), 40(a)(ia),191, 201 (1), 201(IA)]

Indauto Filters v. ACIT (2023) 102 ITR 403 (Bang) (Trib.)

S. 154 : Rectification of mistake-Mistake apparent from the record-CPC while processing the return of income in as much as depreciation u/s 32 has not been granted-Entitled for the claim of depreciation. [S.32]

Ultratech Cement Ltd. v. ACIT (2023) 102 ITR 33 (SN) (Mum) (Trib.)

S. 154 : Rectification of mistake-Mistake apparent from the record-Time limit-Barred by limitation-Merit also eligible deduction. [S.80IA, 143(3) 154(7)]

Kalyaniwalla and Mistry LlP v. ACIT (2023)102 ITR 47 (SN)(Mum)(Trib)

S. 154 : Rectification of mistake-Mistake apparent from the record-Deduction of tax at source-Credit for-Intimation-Directed to grant relief after verification. [S.143(1), 199,Form, 26AS]

Sunil Sahu v. ACIT [2023] 221 TTJ 631/ 222 DTR 186 (Indore)(Trib)

S. 151 : Reassessment-Sanction for issue of notice-Mechanical sanction-Reassessment is quashed.[S.147(b), 148]