Category: Income-Tax Act

Archive for the ‘Income-Tax Act’ Category


Indo Arya Central Transport Ltd. v. CIT (TDS) (2022) 443 ITR 239 / 211 DTR 441 / 325 CTR 553 / 285 Taman 2 (SC) Editorial : Decision in Indo Arya Central Transport Ltd. v. CIT (TDS) (2018) 404 ITR 667 (Delhi)(HC) affirmed.

S. 279 : Offences and prosecutions-Sanction-Chief Commissioner-Commissioner-Failure to deposit tax deducted at source-Deposited in Government Treasury after 11 months-Assessee and persons in charge to face trial-Writ petition to quash the proceedings was dismissed-Petition for Special Leave to appeal dismissed.[S. 192, Art, 136, 226].

Inland Builders Pvt. Ltd. v. Dy. CIT (2022) 443 ITR 270 (Mad.)(HC)

S. 276C : Offences and prosecutions-Wilful attempt to evade tax-Failure to file return of income-Payment of tax with interest-No wilful evasion of tax-Prosecution quashed. [S. 140A, 276C(2), 276CC]

Gyan Chand Jain v. CIT (2022) 443 ITR 241 / 213 DTR 71/ 326 CTR 241 /287 Taxman 87 (SC)

S. 271(1)(c) : Penalty-Concealment-Sanction of Joint Commissioner-Definition-Includes Additional Commissioner-Sanction of Additional Commissioner obtained-Penalty proceedings validly initiated. [S.2(28C), 260A, 271(1)(c), 274(2)].

Schneider Electric South East Asia (HQ) Pte Ltd. v. ACIT(IT) (2022) 443 ITR 186 / 213 DTR 134 / 326 CTR 374 (Delhi)(HC)

S. 270A : Penalty for under-reporting and misreporting of income-Grant of immunity from penalty and prosecution-Voluntary computation of income filed to buy peace and avoid litigation-Failure to specify in penalty notice whether proceedings initiated for under-reporting or misreporting-Granted immunity. [S. 270AA(4), Art. 226]

Hapag Lloyd India Pvt. Ltd. v. PCIT (2022) 443 ITR 168 / 212 DTR 99/ (2023) 330 CTR 699 (Bom.)(HC)

S. 264 : Commissioner-Revision of other orders-Commissioner can give relief to an assessee who has committed mistake-DTAA-India-Kuwait. [S. 143(3), Art. 10, Art. 226]

PCIT v. Manju Osatwal (2022) 443 ITR 107 / 211 DTR 216 / 325 CTR 450 (Cal.)(HC)

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Income Declaration Scheme, 2016-Declaration accepted and consequent assessment-Revision is not valid. [Income Declaration Scheme, 2016]

Gyan Chand Jain v. CIT (2022) 443 ITR 241 / 213 DTR 71 / 326 CTR 241 //287 Taxman 87 (SC)

S. 260A : Appeal-High Court-Penalty-Monetary limits for appeals by Department Commissioner (Appeals) reducing penalty to sum below Rs. 20 Lakhs-Appeal to High Court maintainable. [S. 271(1)(c)]

PCIT v. Motisons Entertainment India Pvt. Ltd. (2022) 443 ITR 6 / 326 CTR 778 / 214 DTR 20(SC) PCIT v. Motisons Global Pvt. Ltd. (2022) 443 ITR 6 / 326 CTR 778/ 214 DTR 20 (SC) PCIT v. Godawari Estates Pvt. Ltd. (2022) 443 ITR 6 / 326 CTR 778 / 214 DTR 20(SC)

S. 260A : Appeal-High Court-Income from undisclosed sources-Share application money-High Court disposing of Department’s appeals in one paragraph without discussion-Order set aside and matters remitted to High Court for consideration afresh on merits. [S. 56(1), 68]

PCIT v. Bajaj Herbals Pvt. Ltd. (2022) 443 ITR 230 / 212 DTR 231 / 326 CTR 32 /287 Taxman 163 (SC)

S. 260A : Appeal-High Court-Substantial question of law-High Court-Dismissal of appeal non-speaking and non-reasoned order-Unsustainable-High Court to dispose of appeal afresh passing speaking and reasoned order.

Wipro Finance Ltd. v. CIT (2022) 443 ITR 250 / 212 DTR 269 /326 CTR 113 /287 Taxman 155 /137 taxmann.com 230 (SC) Editorial: Decision in CIT v. Wipro Finance Ltd (2010) 325 ITR 672 (Kran)(HC) reversed.

S. 254(1) : Appellate Tribunal-Powers-Admit new claim-Claiming deduction of expenditure erroneously treated in return as capital-Tribunal justified in entertaining. [S. 37(1)]