Category: Income-Tax Act

Archive for the ‘Income-Tax Act’ Category


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 ]

Mylan Laboratories Ltd v. Addl .JCIT (2022)446 ITR 734 / 287 Taxman 40// 220 DTR 105/ 329 DTR 502 (Telangana)(HC)

S. 32: Depreciation –Good will- Order of Tribunal – Binding precedent – Decision of Tribunal is binding unless there is stay [ 144C , 254(1) , Art , 226 ]

Mylan Laboratories Ltd. v. NFAC (2022)446 ITR 734 / 287 Taxman 40 // 220 DTR 105/ 329 DTR 502(Telangana) (HC)

S. 144C : Reference to dispute resolution panel – Draft assessment order — Depreciation – Binding precedent – Decision of Supreme Court binding on all Courts and all authorities- Appellate Tribunal – Decision of Tribunal is binding on all authorities [ S. 32, 144C ,(8), 254(1) , Art , 226 ]

Mylan Laboratories Ltd. v. NFAC (2022) 446 ITR 734 / 287 Taxman 40 /220 DTR 105/ 329 DTR 502 (Telangana)(HC)

Interpretation-Binding precedent-Decision of Supreme Court binding on all Courts and all authorities-Appellate Tribunal-Decision of Tribunal is binding on all authorities. [S. 144C, 254(1), Art. 226]

PCIT v. Wipro Ltd. (2022) 446 ITR 1 / 216 DTR 1 / 327 CTR 381/ 288 Taxman 491 / 140 taxmann.com 223 (SC)

Interpretation of taxing statutes–Literal construction-Exemption provisions-Assessee Must Strictly Comply With Conditions. [[S. 10B(5), 10B(8), 72, 80, 139(1), 139(3), 139(5)]

G. P. Engineering Works Kachhwa v. UOI (2022) 446 ITR 563 // ( 2023) 332 CTR 104/ 224 DTR 257/ ( 2023) 332 CTR 104/ 224 DTR 257(All.) (HC)

S. 279 : Offences and prosecutions-Sanction-Chief Commissioner-Commissioner-Wilful attempt to evade tax-Application for compounding of offences-Limitation-Show-cause notice issued for rejection of compounding of offences on ground of Bar of limitation relying on Circular issued by Central Board of Direct Taxes-Circular cannot override statutory provision-Authority to consider application in accordance with law. [S. 276C, 277, 278B, 279(2), Art. 226]

PCIT v. Universal Music India Pvt. Ltd. (2022)446 ITR 287 (Bom.)(HC)

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Issue not referred in the notice of revision-Order of revision on such issue-Not valid. [S. 40A(2)(b)]