Category: Income-Tax Act

Archive for the ‘Income-Tax Act’ Category


Arham Pumps v. DCIT (2022) 195 ITD 679 (Ahd.)(Trib.)

S. 143(1)(a) : Assessment-Intimation-Adjustment cannot be made unless an intimation is given of such adjustment in writing or in electronic mode-Employee’s contribution-Adjustment is invalid in law. [S. 36(1)(va),43B, 143(1)]

DCIT v. Railtel Corporation of India Ltd. (2022) 195 ITD 665 (Delhi)(Trib.)

S. 115JB : Book profit-Capital loss debited to profit and loss account-Qualification by Auditor-Neither eligible for deduction under normal provisions nor under alternate provisions of taxation. [S. 28(i), 37(1)]

Chheda Electricals and Electronics (P.) Ltd. v. DCIT (2022) 195 ITD 354 /(2023) 223 TTJ 884(Pune)(Trib.)

S. 115JB : Book profit-Special category States-Not to be reduced. [S.80IC]

Rajat Dhara v. DCIT (IT) (2022) 195 ITD 307 / 94 ITR 74 (SN) / 220 TTJ 915 / (2023) 221 DTR 275 (Kol.)(Trib.)

S. 90 : Double taxation relief-Income from employment-Section 90 does not bar operation of article 16 of DTAA with USA DTAA-India-USA. [S. 9, Art. 16]

Gramin Sewa Sahakari Samiti Maryadit v. ITO (2022) 195 ITD 244 / 217 TTJ 337 (Raipur) (Trib.) Sewa Sahakari Samiti Maryadit v. ITO (2022) 195 ITD 244 / 217 TTJ 337 (Raipur)(Trib.)

S. 80P : Co-operative societies-Co-operative Bank-Dividend income-Short-term deposit with co-operative bank-Eligible deduction. [S. 2(19), 80P(2)(d), 80P(2)(a)(i)]

Chheda Electricals and Electronics (P.) Ltd. v. DCIT (2022) 195 ITD 354 / (2023) 223 TTJ 884(Pune)(Trib.)

S. 80IC : Special category States-Deduction to be restricted to extent of gross total income. [S. 80A, 115JB]

Kantibhai Ugarbhai Patel v. CIT NFAC (2022) 195 ITD 460 (Ahd.) (Trib.)

S. 74 : Losses-Capital gains-Return filed within a specified time-Set-off of capital loss brought forward from the assessment year 2010-11 was to be allowed to assessee in the relevant assessment year. [S.80, 139(1)]

Sikha Sanjaya Sharma (Mrs.) v. DCIT (2022) 195 ITD 178/ 217 TTJ 373 / 213 DTR 65 (Ahd.)(Trib.)

S. 71 : Set off of loss-One head against income from another-Capital gains-Exempt income-Short-term capital loss from shares could not have been set off against any tax-exempt income covered under Chapter III. [S. 10(38)]

Atul H. Patel v. ITO (2022) 195 ITD 297 (Ahd.)(Trib.)

S. 68 : Cash credits-NRI-Gift from brother-Addition was deleted.

DCIT v. Karmeshwar Exim (P.) Ltd. (2022) 195 ITD 211 (Surat) (Trib.)

S. 68 : Cash credits-Share application money-Bank statements, audited balance sheet, financial statements, copies of ITR etc.-Addition is not valid.