Category: Income-Tax Act

Archive for the ‘Income-Tax Act’ Category


Metharam Pinjani v. ITD (2022) 287 Taxman 16/211 DTR 185/325 CTR 346 (MP)(HC)

S. 144B : Faceless Assessment-No specific demand was raised for personal hearing-No violation of principle of natural justice (audi alteram partem)-Alternative remedy-Pendency of appeal-Writ petition is dismissed. [S. 144B(7), Art. 226]

Incap Contract Manufacturing Services (P) Ltd. v. ACIT (2022) 287 Taxman 34 / 113 CCH 279 (Karn.)(HC)

S. 144B : Faceless Assessment-Natural justice-Opportunity of hearing-Technical glitches in web portal-Cash credits-Order set aside. [S. 144C, Art. 226]

Chandrasekaran Ragupati v. CBDT (2022) 287 Taxman 124 / 13 CCH 317 (Mad.)(HC)

S. 144B : Faceless Assessment-Natural justice-Opportunity of hearing-Technical glitches in web portal-Failure to up load the documents-Order was set aside. [S. 143(3), Art. 226]

Aditya Tripathi v. PCIT (2022) 287 Taxman 144/214 DTR 201/326 CTR 833 (MP)(HC)

S. 127 : Power to transfer cases-Transfer from Bhopal to Hyderabad-Transferred for consolidating records of principal contractors and sub-contractor-In public interest for a lawful search operation-Transfer is valid. [Art. 226]

PCIT v. J.J. Glastronics (P) Ltd. (2022) 287 Taxman 610 (Karn.)(HC)

S. 115JB : Book profit-Amounts disallowed under section 14A could not be added to net profit while computing book profit. [S. 14A]

National Aluminium Company Ltd. v. CIT (2022) 287 Taxman 703 / 213 DTR 155/326 CTR 385 /( 2023) 456 ITR 503(Orissa) (HC)

S. 115JA : Book profit-Mining, production and generation of aluminum, generated power-Captive power plant (CPP) for internal consumption-Profits derived from CPP was to be reduced from book profits-Provision for liability in respect of post-retirement medical benefits and leave encashment determined as an accrued liability and computed on basis of actuarial valuation by assessee could not be included in its book profits. [S. 115JA(iv)]

PCIT v. Altruist Technologies (P) Ltd. (2022) 287 Taxman 269 / 217 DTR 385/ 328 CTR 580 (HP)(HC)

S. 80IC : Special category States-Business of Information and Communication Technology-Unit III-Splitting up or reconstruction-Separate books of account maintained-Entitle deduction as a sperate unit.

PCIT v. Shalimar Pellet Feeds Ltd. (2022) 287 Taxman 134 / 213 DTR 345 / 326 CTR 595 /2023)453 ITR 547 (Cal.)(HC)

S. 80IB : Industrial undertakings-Manufacture-Poultry feed-steam cooking-Process undertaken in producing poultry feed would amount to manufacture-Entitled for deduction [800IB(5)].

PCIT v. Menzies Aviation Bobba (Bangalore) (P.) Ltd. (2021) 133 taxmann.com 458 (Karn.)(HC) Editorial: Notice issued in SLP filed by Revenue ; PCIT v. Menzies Aviation Bobba (Bangalore) (P) Ltd. (2022) 287 Taxman 179/113 CCH 353 (SC)

S. 80IA : Industrial undertakings-Infrastructure development-Bangalore International Air Port (BIAL) is a statutory body-Cargo handling services to BIAL on Built Operate and Transfer(BOT) basis-Service Provider Right Holder (SPRH) agreement would fall within expression ‘infrastructure facility’ under section 80IA(4)-Entitle to deduction. [S. 80IA(4)]

PCIT (Cent.) v. R.M. Commercial (P.) Ltd. (2022) 287 Taxman 194 / 113 CCH 348 (Cal.)(HC)

S. 68 : Cash credits-Loans-Identity Creditworthiness and genuineness of lenders proved-Deletion of addition is justified.