Home › Archive for Income-Tax Act › Page 923
Category: Income-Tax Act

Archive for the ‘Income-Tax Act’ Category


Jerry Mathew Elias Kovoor. v. ITO(IT) (2022) 192 ITD 38 (SMC) (Bang.)(Trib.)

S. 48 : Capital gains-Computation-Sale of land-Interest paid was not claimed as deduction-Gifts from relatives-Matter remanded. [S. 24, 45, 69A]

Jaico Automobile Engineering Company (P.) Ltd. v. DCIT (2022) 192 ITD 147 (Bang.)(Trib.)

S. 45 : Capital gains-Registered JDA along with registered GPA for development of property-Actual receipt of profits is not relevant-Liable to capital gains tax on transfer of capital asset. [S. 2(47 (v), Transfer of Property Act, 1882, S. 53A]

Nalin V. Shah. v. ACIT (2022) 192 ITD 29 (Mum.)(Trib.)

S. 45 : Capital gains-Sale of shares-Forming part of a lot purchased-Assessable as capital gains and not as business income. [S. 28(i)]

Flying Fabrication v. DCIT (2022) 192 ITD 638 (Delhi)(Trib.)/Bizviz Technologies Ltd. v. DCIT (2022) 193 ITD 129 (Bang) (Trib.)/Eskay Heat Transfers (P.) Ltd. v. ACIT (2022) 193 ITD 97 (Bang) (Trib.)/Empower Guarding Services (P.) Ltd. v. ACIT (2022) 193 ITD 234 (Bang) (Trib)/Bromide Chemical Industries. v. DCIT ( 2022) 193 ITD 325 (SMC) (Jabalpur) (Trib.)/Megneil tech (P) Ltd. v. CIT (2022) 193 ITD 314 (Bang) (Trib)Megneil tech (P) Ltd. v. CIT (2022) 193 ITD 314 (Bang) (Trib)/Adyar Ananda Bhavan Sweets India (P.) Ltd. v. ACIT (2022) 193 ITD 460 / 215 TTJ 1013/ 209 DTR 345 (Chennai) (Trib.)/ Shakultala Agarbathi Company v. DCIT (2022) 216 TTJ 49 (UO) (Bang.)(Trib.) Kunamneni Technologies (P.) Ltd. ACIT (2022) 193 ITD 412 (Bang) (Trib.)/Srinivas Achar Mohankumar. v. ITO (2022) 193 ITD 427 (Bang)/Vishal Enterprises v. Dy. CIT (2022)94 ITR 27 (SN)(Bang)( Trib) (Trib.) Srinivas Achar Mohankumar. v. ITO (2022) 193 ITD 427 (Bang) (Trib.)/Prakash Pai Kochikar. v. ACIT (2022] 193 ITD 569 (Bang) (Trib.)/Volantis Technologies (P.) Ltd. v. DCIT (2022) 193 ITD 543 (SMC)) (Bang) (Trib.)/Anusha Techno Ventures. v. ACIT (2022) 193 ITD 658 (SMC) (Bang) (Trib.)Anusha Techno Ventures. v. ACIT (2022) 193 ITD 658 (SMC) (Bang) (Trib.)/Moona Dewan. v. ACIT (2022) 194 ITD 281 (Jaipur) (Trib.)/B. R. S. Precision Manufacturing (P.) Ltd. v. DCIT (2022) 193 ITD 641 (SMC) (Bang) ( Trib.)/Vidhi Clothing Company. v. DCIT (2022) 193 ITD 645 (Bang) (Trib.)/Haylide Chemicals (P.) Ltd. v. DCIT (2022) 193 ITD 723 (Jabalpur) (Trib)/ Shakti Apifoods (P.) Ltd. v. Assessing Officer (2022) 193 ITD 751 (Chd) ( Trib.)/DCIT v. Godawari Power & Ispat Ltd. (2022) 193 ITD 869 (Raipur) (Trib.)/ Devender Yadav. v. ITD CPC (SMC) (2022) 193 ITD 836 (Delhi) (Trib.)DCIT v. Godawari Power & Ispat Ltd. (2022) 193 ITD 869 (Raipur) (Trib.)/ Devender Yadav. v. ITD CPC (SMC) (2022) 193 ITD 836 (Delhi) (Trib.)/Krishna Enterprises v .ADIT (2022)93 ITR 15 (SN) (SMC) (Bang) ( Trib) /Shand Pipe Industries Pvt Ltd v. Dy .CIT ( 2022 ) 93 ITR 54 (SN) (Bang)( Trib)/TML Business Services Ltd. v. Dy CIT (CPC) (2022)93 ITR 35 (SN)(Mum) ( Trib)/ Marappa Shivakumar v. Dy. CIT (2022)94 ITR 1 (SN)(Bang)( Trib)/Nikhil Mohine v. Dy. CIT (2022)93 ITR 658 / 215 TTJ 86/ 213 DTR 343 (SMC) (Jablpur ) (Trib)

S. 43B : Deductions on actual payment-Employee’s contribution to ESI/PF-Deposited before due date of filing of return-No disallowance can be made-Amendment to section 36(1)(va) brought by Finance Act, 2021 which came into effect from 1-4-2021 as same has no retrospective applicability. [S. 2(24)(x), 36(1)(va), 139(1)]

DCIT v. K.S. Diesels Ltd. (2022) 192 ITD 21 (Mum.)(Trib.)

S. 43B : Deductions on actual payment-Disallowance of interest in earlier years-Allowable in the year of payment. [S. 145]

Krishna Bhagya Jala Nigam Ltd. v. ACIT (2022) 192 ITD 666 (Bang.)(Trib.)

S. 40(a)(iib) : Amounts not deductible-Guarantee commission-Not liable to deduct tax at source-Not in the nature of levy on a State Government undertaking by State Government-Contract payment-Allowable as business expenditure. [S. 37(1)]

Ashok Kirtanlal Shah v. ACIT (2022) 192 ITD 193 (Mum.) (Trib.)

S. 40(a)(ii) : Amounts not deductible-Rates or tax-Additional ground admitted-Education Cess and Higher and Secondary Education Cess are allowable as deduction. [S. 28(i), 37(1), 254(1)]

Mohmed Shakil Mohmed Shafi Mutawalli v. (2022) 192 ITD 130 (Ahd.)(Trib.)

S. 40(a)(ia) : Amounts not deductible-Deduction at source-Copies of PAN along with copies of invoices of transportation bill etc. was furnished-Disallowance cannot be made on technical ground. [S. 194C (7)]

Plintron Mobility Solutions (P.) Ltd. v. ITO (2022) 192 ITD 556 (Chennai)(Trib.)

S. 40(a)(i) : Amounts not deductible-Deduction at source-Non-resident-Royalty-Software purchased is a copyrighted article-Not liable to deduct tax at source-DTAA-India-USA. [S. 9(1)(vi), 195, Art. 9]

Lloyd’s Register Asia (India Branch Office) DCIT(IT) (2022) 192 ITD 455 (Mum.)(Trib.)

S. 40(a)(i) : Amounts not deductible-Deduction at source-Non-resident-Fes for technical services-Grant of license to use its intellectual property and also availed of management services-Services were managerial in nature and not technical services-Not liable to deduct TDS on same-DTAA-India-UK. [S. 195, Art. 13(4)]