Category: Income-Tax Act

Archive for the ‘Income-Tax Act’ Category


PCIT v. Rashmi Metaliks Ltd. (2022) 444 ITR 75/ 215 DTR 260 / 327 CTR 328(Cal.)(HC)

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Deduction could not be denied on ground companies which used Railway Sidings were group companies-Revision is not valid. [S. 80IA(4)(i)(b)]

PCIT v. Beekay Steel Industries Ltd. (2022) 444 ITR 71 (Cal.)(HC)

S. 263 : Commissioner-Revision of orders prejudicial to revenue Provision for excise duty liability-Input tax credit in other units effectively amounting to constructive payment in next financial year-Revision is not valid. [S. 43B, 142(1)]

PCIT v. Babubhai Ramanbhai Patel (2022) 444 ITR 165/ 288 Taxman 93/ 216 DTR 127/ 327 CTR 481 (SC)

S. 260A : Appeal-High Court-Bad debt-High Court not admitting additional question on issue-Directed the High Court to decide the issue along with other questions. [S. 36(1)(vii)]

G. Venkatesh v. ITO (2022) 444 ITR 527 (Karn.)(HC)

S. 254(1) : Appellate Tribunal-Powers-Reassessment-Assessee not Co-operated-Order of remand is held to be justified. [S. 144, 147, 148]

State Bank of India v. CCIT (2022) 444 ITR 599 / 212 DTR 433 / 326 CTR 150 / 286 Taxman 650 [FB] (Ker.)(HC)

S. 244A : Refund-Interest on refunds-Delay in payment due to rectification, omissions and defects in return-Time taken for such rectification to be excluded. [S. 244, 244A(2)]

Ingenico International India Pvt. Ltd. v. JCIT (2022) 444 ITR 236 (Delhi)(HC)

S. 244A : Refund-Interest on refunds-Period between date of Court order and actual receipt of refund-Department directed to pay interest. [S. 237, Art, 226]

Thrissur Expressway Ltd. v ITO (2022) 444 ITR 60 (Telangana)(HC)

S. 220 : Collection and recovery-Assessee deemed in default-Stay-Failure to pay stipulated 15 percent of demand-Appeal pending before Commissioner (Appeals)-Directed to file fresh appeal for stay of demand before Commissioner (Appeals). [S. 143(3) 144B, 156, 220(6), 246A, Art, 226]

Karia Erectors Pvt. Ltd. v. UOI (2022) 444 ITR 86/ 287 Taxman 116 (Bom.)(HC)

S. 220 : Collection and recovery-Assessee deemed in default-Settlement Commission-Interest payable up to date of order accepting application. [S. 220(2), 245D(4), Art, 226]

Kallakuri Dhana Lakshmi Katyayani (Mrs.) v. ITO (2022) 444 ITR 315 (Telangana)(HC)

S. 220 : Collection and recovery-Assessee deemed in default-Stay-Application for stay cannot be rejected without giving reasons-Directed to withdraw the attachment of bank accounts forthwith. (S. 226(3), Art. 226]

Harsh Dipak Shah v. UOI (2022) 444 ITR 184 / 211 DTR 399 / 325 CTR 585 / 287 Taxman 55 (Guj.)(HC)/Avani Petrochem (P) Ltd v.UOI ( 2022) 211 DTR 399/ 325 CTR 585 / 287 Taxman 55 (Guj)(HC)/Dakshay Hasmukhbhai Thakkar v.UOI / 211 DTR 399/ 325 CTR 585 / 287 Taxman 55 ( Guj)(HC)

S. 220 : Collection and recovery-Assessee deemed in default-High pitched assessment-Pendency of appeal before Commissioner (Appeals-Discretionary powers-Parameters to be complied with by Authorities on stay applications-Instructions of Central Board Of Direct Taxes binding on Authorities-Stay of demand granted till disposal of Appeals by Commissioner (Appeals)-First Appellate Authority has inherent powers to grant stay. [S. 143(3), 153A, 156, 220(3), 220(6), 246A, 251(1), Art, 226]