Category: Income-Tax Act

Archive for the ‘Income-Tax Act’ Category


Saifee Byjhani Upliftment Trust v. CIT (E) (2022) 216 DTR 23 / 220 TTJ 585 (Mum)(Trib)

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Corpus donation and loan-Received from entities controlled by the same authority as the assesse-Voluntary contribution made with specific direction may be excluded-Revision was up held with direction. [S. 11(1)(d)]

Rita Goyal v. PCIT (2022) 220 TTJ 17 (Jodhpur)(Trib)(UO)

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Transaction of two properties-Capital gains-Remand proceedings the Assessing Officer informed that the transactions are reported-Revision order was quashed. [S. 45]

Shanti Lal Deora v. ACIT (2022) 220 TTJ 251 (Jodhpur)(Trib)

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Proper enquiry was conducted in the original assessment proceedings-Merely because the CIT does not feel satisfied with the conclusion cannot be the basis for revision-Order of revision was quashed [S. 54, 54F, 143(3)]

Shailendra Jhanjhari Legal Heir of Dilip Kumar Jhanjhari v. PCIT (2022) 218 TTJ 33 (UO) (Indore)(Trib)

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Family settlement-Nominal consideration-Purchase and sale deed was filed in the course of assessment proceedings-Revision is held to be not valid [S. 45, 50C, 143(3)]

L. A. Development v. CIT (2022) 215 DTR 153 /218 TTJ 386 / 142 taxmann.com 280 (Cuttack)(Trib)

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Reassessment-Difference between the cash flow statement and balance sheet-Failure on the part of the AO to examine the same-Revision order is justified. [S. 143(3), 147, 148]

Kadeer Khan v. PCIT (2022) 215 DTR 369 / 218 TTJ 732 (Jabalpur)(Trib) Shabana Khan v.PCIT (2022) 215 DTR 369 / 218 TTJ 732 (Jabalpur)(Trib)

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Capital gains-Reassessment proceedings dropped-Revision is held to be not valid [S. 45, 143(3), 147, 148]

Jila Sahkari Kendriya Bank Mayaadit v. PCIT (2022) 216 DTR 49 /218 TTJ 1005 (Jabalpur)(Trib)

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Bad-debt-Provision for bad and doubtful debts-Order was passed after proper application of mind-Revision is held to be not valid [S. 36(1)(viia), R, 6ABA]

IRIS Engineering Industries (P) Ltd. v. Dy. CIT (2022) 216 DTR 255 / 218 TTJ 575 (Chennai)(Trib)

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Amalgamation-Non-existing company-Not filed the details of effective date of transfer-Assessing Officer was not aware of merger-Revision is held to be valid-: Capital gains-Shifting of industrial undertaking from urban area. [S. 54G]

Deepak Kr. Singh v. PCIT (2022) 218 TTJ 849 (Pat)(Trib)

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Capital gains-Investment in a residential house-Conducted detailed enquiry-Revision is not valid.[S. 54F, 142(1) 143(3)]

Gajraj Minig (P) Ltd. v. PCIT (2022) 220 TTJ 1(UO)(Jabalpur)(Trib)

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Deposit of cash in bank-Explained the source-Direction was modified.