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Category: Income-Tax Act

Archive for the ‘Income-Tax Act’ Category


PCIT v. Delhi International Airport P. Ltd. (2022) 138 taxmann.com 112 (Karn.)(HC) PCIT v. Delhi International Airport P. Ltd. (2022) 138 taxmann.com 541 ( Karn)(HC) Editorial : Notice issued in SLP filed by Revenue, PCIT v. Delhi International Airport P. ltd. (2022) 287 Taxman 100 / 113 CCH 271 (SC)/Notice issued in SLP filed by Revenue , PCIT v. Delhi International Airport P. ltd. (2022) 289 Taxman 18 (SC)

S. 14A : Disallowance of expenditure-Exempt income-No exempt income-No disallowance can be made [R.8D].

CIT(E) v. Balaram Hanumandas Charitable Trust (2022) 287 Taxman 209/113 CCH 349 /(2023)456 ITR 438 (Cal.)(HC)

S. 12AA : Procedure for registration-Trust or institution-Money laundering-Not doubted the charitable activities-Cancellation of registration is not valid [S. 12A].

Harshit Foundation Sehmalpur Jalapur Jaunpur v. CIT (2022) 447 ITR 372/287 Taxman 394/ 217 DTR 441/ 328 CTR 609/ 114 CCH 52 (SC) Editorial: Refer CIT v. Harshit Foundation Sehmalpur Jalapur Jaunpur (2022) 139 taxmann.com 55 (All)(HC), , CIT v. Muzafar Nagar Development Authority ( 2015) 372 ITR 209 (FB)) ( All )(HC), approved .

S. 12AA : Procedure for registration-Trust or institution-Deemed registration-Non-disposal of application under section 12AA within stipulated period of six months as provided in section 12AA(2) would not result in deemed grant of registration. [S. 12A, 12AA(2)]

K. Varma Charitable Trust v. DIT(E) (2022) 287 Taxman 665/ 218 DTR 200 / 329 CTR 269 113 CCH 165 (SC). Editorial : K. Varma Charitable Trust v. DIT(E) (2022) 139 taxmann.com 17 (SC)

S. 12A : Registration-Trust or institution-Bogus earthquake relief donations-Cancellation of registration was up held-Review Petition filed against Supreme Court order dismissing SLP which was dismissed [S. 260A, Art. 136].

PCIT v. SKM Egg. Products Export India Ltd. (2022) 139 taxmann.com 134 (Mad.)(HC) Editorial: SLP of Revenue dismissed due to low tax effect, PCIT v. SKM Egg. Products Export India Ltd. (2022) 287 Taxman 289/ 114 CCH 190 (SC)

S. 10B : Export oriented undertakings-Gross total income-Deduction under section 10B is to be excluded first from profits of year, before set off brought forward unabsorbed depreciation pertaining export oriented unit [S. 32(2), 268A].

Orissa Trust of Technical Education and Training v. CCIT (2022) 287 Taxman 616 (Orissa)(HC)

S. 10(23C) : Educational institution-Education-Amount spent on towards food, lodging etc. of trainers/trainees-Educational activities [S. 10(23C)(vi)].

CIT(IT) v. Gracemac Corporation (2022) 287 Taxman 197/113 CCH 97 (Delhi)(HC).Editorial: Notice issued in SLP filed by the Revenue , CIT(IT) v. Gracemac Corporation (2023) 292 Taxman 241 ( SC)/. SLP of Revenue is dismissed , CIT (IT) v. Gracemac Corporation Golf View Corporate (2024) 301 Taxman 172 / 468 ITR 1 (SC)

S. 9(1)(vi) : Income deemed to accrue or arise in India-Royalty-Use of computer software through/distribution agreements-Payment did not amount to royalty for use of copyright in computer software-Not taxable in India-DTAA-India-USA. [Art. 12]

CIT v. Wescare (I) Ltd. (2022) 138 Taxmann.com 184 (Mad.)(HC) Editorial: Notice issued in SLP filed by Revenue, CIT v. Wescare (I) Ltd. (2022) 287 Taxman 93/113 CCH 273 (SC)

S. 4 : Charge of income-tax-Carbon credit-Power generation-Capital receipt not liable to be taxed.

Amadeus IT Group SA v. ACIT (2022) 325 CTR 246 / 210 DTR 78( Delhi)(HC)

S. 237: Refunds- Refunds due but issue pending appeal in the Apex Court- Refund allowed.[S.240, Art , 226 ]

ACIT v .Suntec Business Solutions (P) Ltd. (2022) 324 CTR 444 / 209 DTR 348 (Ker) (HC) (Ker) (HC)

S. 226 : Collection and recovery – Modes of recovery –
Garnishee notice- Amounts taken pursuant to garnishee notice when no liability to pay income tax dues are liable to be refunded [S. 226 (3), Art . 226 ]