Category: Income-Tax Act

Archive for the ‘Income-Tax Act’ Category


Poonam Mittal (Smt.) v. ITO (2022) 215 TTJ 29 (UO) / 138 taxmann.com 380 (Amritsar) (Trib)

S. 154 : Rectification of mistake-Mistake apparent from the record-Cash payment exceeding prescribed limit-Rectification order of the Assessing Officer was set aside.[S. 40A(3), R.6DD]

Dy. CIT v. Kishor Shankar Garve (2022)97 ITR 49 (SN)(Pune) (Trib)

S. 154 : Rectification of mistake-Mistake apparent from the record-Commissioner (Appeals)-No power to review order without referring to any mistake-Exercise of power of rectification and allowing deduction not justified.[S.80IB(10), 250)

Grih Kalyan Kendra Board v. ITO (2022)100 ITR 71 (Trib) (SN)(Delhi) (Trib)

S. 154 : Rectification of mistake-Mistake apparent from the record-Computation of income and return together part of assessment record-Denial of exemption was not valid. [S.11, 12A, 143(1]

G.E. Conductors (P) Ltd. v. ACIT (2022) 220 DTR 345 / 220 TTJ 1052 (Amritsar)(Trib)

S. 154 : Rectification of mistake-Mistake apparent from the record-Book profit-Order giving effect while framing assessment as per the direction of CIT(A)-Order time barred-Cannot be rectified. [S.115JB, 143(3), 250]

Heidrick and Struggles Inc. v. Dy. CIT (2022) 98 ITR 67 (SN) (Delhi)(Trib)

S. 154 : Rectification of mistake-Mistake apparent from the record-Non-Resident-Wrong reporting-Deduction of tax at source-Credit for tax deducted at source is to be allowable as eligible assessee-Matter remanded-DTAA-India-USA. [S. 143(1), Art. 12]

Devendra Prasad Tiwari v. ITO (2022) 98 ITR 35 (SN)(Jaipur) (Trib)

S. 154 : Rectification of mistake-Mistake apparent from the record-Income from house property-Interest on loan-Rectification Of mistake is held to be allowable. [S. 143(1)]

Essel Mining and Industries Ltd. v. Dy. CIT (2022) 98 ITR 93 (SN)(Mum) (Trib)

S. 153C : Assessment-Income of any other person-Search-Concluded assessment did not abate-Assessment transferred to Mumbai-Notice of reassessment issued by Kolkata Officer-Thereafter-Null and void.[S.115JB, 143(3), 147, 148]

Simtools (P) Ltd. v. Dy. CIT (2022) 219 TTJ 887 (Mum)(Trib)

S. 153C : Assessment-Income of any other person-Search Development and construction of real estate-No incriminating material-The statement of the persons of Lodha group based on the electronically retrieved data-Addition based on such retrieved data, not sustainable, Addition was deleted. [S. 132(4), Evidence Act, 3, 22A, 45A, 62, 115, S. 65B, Information Technology Act, 2000, S. 2, 59, 65A, 65B, 79A,]

Neesa Technologies Pvt. Ltd. v. DCIT (2022) 217 TTJ 649/ 214 DTR 172 (Ahd)(Trib)

S. 153C : Assessment-Income of any other person-Search-Documents neither belonged to Assessee nor was incriminating in nature-Proceedings invalid. [S. 132]

Rainbow Promoters (P.) Ltd. v. ACIT (2022) 95 ITR 232 (Delhi)(Trib)

S. 153C : Assessment-Income of any other person-Search-Interest Paid on post-dated cheques in cash outside books of account-No documents belonging to assessee was found and seized-Interest on Post-dated cheques to be deleted. [S. 132]