Category: Income-Tax Act

Archive for the ‘Income-Tax Act’ Category


PCIT v. Prathamesh Constructions (2022) 285 Taxman 287 / 324 CTR 542 / 209 DTR 363 (Bom) (HC)

S. 80IB(10) : Housing projects- Completion certificate for seven buildings – Plan for eight building was revised – Entitle to deduction for seven buildings [ S. 260A]

PCIT v. Nexus Builders and Developers (P.) Ltd. (2022) 285 Taxman 233(Bom)(HC)

S. 69A : Unexplained money – Survey – Addition of hypothetical basis – Deletion of addition by the Tribunal is affirmed . [ S. 133A , Indian Evidence Act , 1872, S. 65B ]

Sabeel Mkohammed Sirajahmed Umachigi v. ITO (2022) 440 ITR 99 (Karn.)(HC)

Pradhan Mantri Garib Kalyan Deposit Scheme, 2016 (PMGKY)-Finance Act, 2016.

S. 199A : Undisclosed Income- Failure to deposit the amount-willing to deposit with interest-Directed the department to appropriate sum from amount held by it to scheme and return the balance amount. [S. 199D, 199E, 199F, Art. 226]

Indian Minerals and Granite Co. v. Dy. CIT (2022) 440 ITR 292 (Karn.)(HC)

S. 281B : Provisional attachment-Merely stating likelihood of huge liability-Attaching fixed deposit-Order cryptic, unreasoned, non-speaking and laconic-Order was quashed. [S. 153A, Art, 226]

CIT(E) v. Choice Foundation (2022) 440 ITR 106 / 285 Taxman 48 (Ker.)(HC)

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Limitation-Reassessment-Period of limitation commences from date of original assessment and not from date of reassessment- Revision barred by limitation-Donation to corpus fund-Capital in nature. [S. 11(1)(d), 11(5), 143(1),147, 148, 263(2)]

CIT v. Barry-Wehmiller International Resources (P.) Ltd. (2022) 440 ITR 403 / 211 DTR 127 (Mad.)(HC)

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Export-Change in share holdings without beneficial interest-Reassessment proceedings initiated was dropped-No jurisdiction under section 263 to examine the correctness of decision by the Assessing Officer. [S. 10A(9), 147, 148]

PCIT v. Gladder Ceramics Ltd. (2022) 440 ITR 459 (Guj.)(HC)

S. 260A : Appeal-High Court-Review-Deemed dividend-Matter pending before larger Bench of Supreme Court-Order restored to extent of issue pending before larger Bench. [S. 2(22)(e)]

Jacob Engineering India Pvt. Ltd. v. ACIT (2022) 440 ITR 262 / 285 Taxman 326 (Bom.)(HC)

S. 254(1) : Appellate Tribunal-Duties-Transfer pricing-Arm’s length price-Comparable-Government companies-Directions issued to Tribunal to consider other grounds of appeal. [S. 92CA, 254(2), Art. 226]

Hosmat Hospital Pvt. Ltd. v. ACIT (TDS) (2022) 440 ITR 149 (Karn.) (HC) Editorial : Order of Tribunal in Hosmat Hospital Pvt. Ltd. v. ACIT (TDS)(2016) 50 ITR 70 (SN) (Bang) (Trib) set aside.

S. 192 : Deduction at source-Salary-Fees for professional or technical services-In house consultants-Assessee in default-Incentive policy adopted by company-Orders of Tribunal was set aside. [S. 194J, 201(1), 201(IA)]

Chams Branding Solutions India Pvt. Ltd. v. Dy. CIT (2022) 440 ITR 602 / 209 DTR 444 / 324 CTR 119 / 284 Taxman 548 (Ker.)(HC)

S. 154 : Rectification of mistake-Violation of principle of natural justice-Not responding to notices-Last notice did not give sufficient time reply-Writ is not maintainable. [S. 142(1), 143(3), Art. 226]