Category: Income-Tax Act

Archive for the ‘Income-Tax Act’ Category


Sub-Registrar, Sri. V.G. Cleetus v. DIT (Intelligence) (2023) 333 CTR 773 / 154 taxmann.com 546 (Ker)(HC)

S. 271FA : Penalty-Annual information return (AIR)-Failure to furnish-Delay of 525 days-No reasonable cause-Order imposing the penalty is affirmed.[S. 273B, 285BA(1)(b), Art. 226]

PCIT v. Thapar Homes Ltd. (2023) 335 CTR 1096/ (2024) 159 taxmann.com 450 (Delhi)(HC)

S. 271E : Penalty-Repayment of loan or deposit-Limitation-Assessment order was passed on 31st Dec., 2010-Penalty order passed on 30th Dec., 2011 was barred by limitation-No substantial question of law. [S. 260A, 275(1)( c)]

PCWT v. Oriental Building & Furnishing Co Ltd ( 2023) 333 CTR 1 ( SC) Editorial : From the Judgement from Delhi High Court, WTA No. 4 of 2017 dt. 18-7-2017.

S. 268A : Appeal-Instructions-Circulars-Monetary limits-Appeal of Revenue is dismissed-[WTACT, 1957, S.29]

DIT (IT) v. Krupp Udhe Gmbh ( 2023) 333 CTR 209 ( SC) Editorial : DIT (IT) v. Krupp Udhe Gmbh (2010) 38 DTR 251 / (2013] 40 taxmann.com 38/ 219 Taxman 138 (Mag.)/ 354 ITR 173( Bom)( HC)

S. 268A : Appeal-Instructions-Circulars-Monetary limits-Appeal of Revenue is dismissed-Reimbursement of expenses would not be liable to be included in income. [S. 5, (9(1)(i)261, Art. 136]

Interglobe Enterprises (P.) Ltd. v. PCIT (2023) 334 CTR 805 /148 taxmann.com 121/225 CTR 27 (Delhi)(HC)

S. 264 :Commissioner-Revision of other orders –Interest on income tax refund-Assessed in the year 2012-15-Merely because an assessee has offered a receipt of income in his return does not necessarily make him liable to pay tax on said receipt, if otherwise said income is not chargeable to tax-Double taxation-Directed to pass the Revision order. [S. 56, Art. 226]

M. L. Chains v. PCIT (2023) 335 CTR 737 / 154 taxmann.com 508 /295 Taxman 418 (All)(HC)

S. 263 : Commissioner-Revision of orders prejudicial to revenue-No opportunity of hearing is given-Recording of contrary facts-Order is quashed-Revenue is directed to pay cost of Rs. 10000. [Art. 226]

Muthoot Credits & Investments v. Dy. CIT (2023) 334 CTR 456 / 156 taxmann.com 280 (Ker)(HC)

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Interest income business or other sources-Decides the issue on merits and leaves no scope for enquiry by the Assessing Officer-Expenditure on earning interest income-Order of Tribunal and Revision is set aside-Directed the Assessing Officer to decide in accordance with law. [S. 28(i), 56, 57, 254 (1), 260A]

CIT ( E) v. Manna Trust ( 2023) 333 CTR 210 / 226 CTR 377 ( Raj)( HC)

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Generation of reasonable surplus-Order of Tribunal quashing the revision order is affirmed. [S. 11, 12AA]

CIT v. Jindal Steel and Power Ltd (2023) 335 CTR 1017/. (2024)460 ITR 162/ 297 Taxman 253 (SC) CIT v. Reliance Industries Ltd (2023) 335 CTR 1017/. (2024)460 ITR 162/ 297 Taxman 253 (SC)/Editorial : Decision of the Punjab and Haryana High Court in CIT v. Jindal Steel and Power Ltd [2009] 180 Taxman 543 / (2024) 460 ITR 159 (P&H) affirmed.

S. 261 : Appeal-Supreme Court-Charge of income-tax-Capital or revenue-Carbon credits-Question not raised before High Court-Department estopped from raising issue before Supreme Court at stage of final hearing.[S. 4, 80-IA(4)(iv), 260A]

Kerala State Service Pensioners Co-Operative Society Ltd. v ITO (2023) 335 CTR 105 (Ker)(HC)

S. 250 : Appeal-Commissioner (Appeals)-Procedure-Appellate authority cannot dismiss an appeal for non-prosecution, instead has to decide the matter on its merits. [S. 246A, Art. 226]