Category: Income-Tax Act

Archive for the ‘Income-Tax Act’ Category


President, ITAT v. Jagati Publications Ltd. (2022) 447 ITR 644 / 219 DTR 161 / 329 CTR 267/ (2023) 290 Taxman 121 (SC) Editorial : Jagati Publications Ltd v. President, ITAT (2015) 377 ITR 31 /234 Taxman 527/ 279 CTR 271 (Bom)(HC)

S. 255 : Appellate Tribunal-Procedure-Functions-Power of President to constitute special bench Appeal disposed of by Regular Bench of Tribunal during pendency of Special Leave Petition of Department-Special Leave Petition disposed of as academic leaving question of powers of President to constitute special bench open-Strictures against vice president of Tribunal passed by High Court expunged. [S. 255(3), Art. 136, 226]

PCIT v. Apollo Tyres Ltd. (No. 3) (2022) 447 ITR 431 (Ker.)(HC)

S. 254(1) : Appellate Tribunal-Powers-Tribunal has jurisdiction to allow Department to raise new ground and remand matter to Transfer Pricing Officer for enquiry and action. [S. 92C]

John Baptist Lasrado v. ITSC (2022) 447 ITR 231 (Mad.)(HC)

S. 245D : Settlement Commission-Settlement of cases-Advance tax-Interest-Income earned from abroad-Levy of interest is held to be not valid. [S. 192, 201(IA), 234A, 234B, 245D(4), Art. 226]

CCIT v. Van Oord Acz Marine Contractors BV. (2022) 447 ITR 250 / 220 DTR 153 / 329 CTR 291/141 taxmann.com 30 (Mad.)(HC) CIT v. John Baptist Lasrado (2022) 447 ITR 250 / 220 DTR 153/ 328 CTR 691 (Mad.)(HC)

S. 245D : Settlement Commission-Powers-Rectification of order-Interest under section 234B cannot be levied by passing rectification order-Advance tax-Waiver of interest-Entitled to reduce tax deductible or collectible at source while computing its advance tax-Interest on account of shortfall in payment of advance tax not leviable on such income-Assessments prior to Financial year 2012-13-Subsequent notification of Board will not affect consideration of applications pending on merits-Law prevailing on date of application applies.[S. 234A, 234B,234C, 245C, 245D(4),245F(1), General Clauses Act. 1897, S. 6, Art.226]

Nand Lal Srivastava v. CIT (2022) 447 ITR 769 / 289 Taxman 618 / 144 tamann.com 12 / 220 DTR 42/ 329 CTR 596(SC) N. L. Srivastava (AOP) v. CIT (2022) 447 ITR 769 / 144 tamann.com 12 (SC) Rajesh Kumar Srivastava v. CIT (2022) 447 ITR 769 / 144 tamann.com 12 (SC)

S. 245D : Settlement Commission-Settlement of cases-Order Passed by Settlement Commission bereft of reasons-Unsustainable-Order set aside and matter remanded to interim Board for passing speaking order. [S.245AA, 245D(4), Art. 226]

Tata Cummins Pvt. Ltd. v. UOI (2022) 447 ITR 455 / 219 DTR 506 / 329 CTR 598(Jharkhand)(HC)

S. 245 : Refunds-Set off of refunds against tax remaining payable-Prior intimation to assessee mandatory. [Art. 226]

PCIT v. Punjab and Sind Bank (2022) 447 ITR 289 / 218 DTR 231/ 328 CTR 874 /(2023) 290 Taxman 479 (Delhi)(HC)

S. 244A : Refunds-Interest on refunds-Reduction in income on Recomputation-Interest claimed does not tantamount to interest on interest-Obligation of department to grant interest. [S. 2(28A), 143(3), 154, 220(2), 234D(2), 244A(1)(b)]

Trueblue India LLP v. Dy. CIT (2022) 447 ITR 500/ 289 Taxman 522 (Delhi)(HC)

S. 241A : Refunds-Withholding of refund in certain cases-Mere issue of notice under Section 143(2) not a ground for withholding refund-Entitled to refund with interest till date of refund of amount withheld except tax payable on disputed amount. [S. 10AA, 115JB, 143(2), 241(1), Art.226]

Van Oord ACZ BV v. Chief CIT (2022) 447 ITR 242 (Mad.)(HC)

S. 234B : Interest-Advance tax-Non-Resident-Waiver of interest-Not liable to pay interest. [S. 234C, Art. 226]

Ravikumar Dhandhania v. ITO (2022) 447 ITR 726 / 214 DTR 194 (Mad.)(HC)

S. 220 : Collection and recovery-Assessee deemed in default-Interest on interest-Incorrect declaration of income-Liable to pay interests. [S. 139, 220(2) 234A, 234B, 234C, Art. 226]