Category: Income-Tax Act

Archive for the ‘Income-Tax Act’ Category


Annu Agrotech P. Ltd. v. PCIT (2021) 92 ITR 521 / 214 TTJ 1118 / (2022) 209 DTR 257 (Jaipur)(Trib.)

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Cash credits-Share application money-Identity, creditworthiness of shareholders and genuineness of transactions established-Revision was held to be invalid. [S. 56(2)(viib), 68]

Anjali Jewellers v. PCIT (2021) 92 ITR 35 (Kol.)(Trib.)

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Unabated assessment-No incriminating materials found during search-Revision was held to be not valid [[S. 143 (3), 153A]

ACIT v. Nalgonda Dicocese Society (2021) 92 ITR 22 (SN) (Hyd.)(Trib.)

S. 253 : Appellate Tribunal-Remand report in favour of assessee-Department is not aggrieved party-Appeal dismissed. [S. 11, 12, 13, 246A, 250]

Rakesh Gupta v. Dy. CIT (2021) 92 ITR 63 (SN) (Delhi)(Trib.)

S. 250 : Appeal-Commissioner (Appeals)-Failure to appear before CIT(A)-Dismissal of appeal in limine-Order set aside-CIT(A) is directed to decide appeal on merits. [S. 250(6), 251]

Deere and Co. v. Dy. CIT(IT) (2021) 92 ITR 564 / 214 TTJ 1035 / (2022) 209 DTR 116 (Pune)(Trib.)

S. 246A : Appeal-Commissioner (Appeals)-Appealable orders-Return held as defective-Appeal dismissed as not maintainable-Mismatch between income shown in return and 26AS-Order set aside to decide on merits. [S. 139(9), 142(1)(i), 143(1), 237]

ITO (TDS) v. Tata Teleservices Ltd. (2021) 92 ITR 87 / (2022) 209 DTR 57/ 193 ITD 238 (Delhi)(Trib.)

S. 194H : Deduction at source-Commission or brokerage-Telecommunications service provider-Sale of recharge voucher coupons and starter kits and discount to distributors-Principal too principal basis-Not liable to deduct tax at source-Precedent-Tribunal not bound by decisions of High Courts other than jurisdictional High Court. [S. 201(1), 201(IA)]

Dy. CIT v. Zen Technologies Ltd. (2021) 92 ITR 21 (SN) (Hyd.)(Trib.)

S. 154 : Rectification of mistake-Revised return declaring lower loss-Assessment based on original return-Rectification order passed by the Assessing Officer based on revised return-Held to be valid. [S. 35(2AB), 139(5), 143(3)]

Fragrance Construction Pvt. Ltd. v. ACIT (2021) 92 ITR 55 (Delhi) (Trib.)

S. 153C : Assessment-Income of any other person-Search-Based on documents seized in the course of search-Reassessment was quashed-Assessing Officer should have invoked provision of section 153C [S. 147, 148]

C. Vijayalakshmi (Mrs.) v. Dy.CIT (2021) 92 ITR 142 (Chennai) (Trib.)

S. 153A : Assessment-Search or requisition-Unabated on date of search-Addition cannot be made-Interest income having direct nexus with incriminating material found-Addition is held to be justified. [S. 132, 143(2), 153C]

ITO v. Gujarat Storages P. Ltd (2021) 92 ITR 30 (SN) (Ahd.)(Trib.)

S. 147 : Reassessment-Investigation wing-Accommodation entries-No live link between the escapement of income and information-Reassessment notice was quashed. [S. 148]