Category: Income-Tax Act

Archive for the ‘Income-Tax Act’ Category


PCIT v. Varha Infra Ltd. (2022) 285 Taxman 561/ 135 taxmann.com 77/328 CTR 115 / 216 DTR 316 (Raj.) (HC)

S. 145 : Method of accounting-Estimation of net profit-Interest and depreciation allowed-Question of fact. [S. 260A]

BASF Catalysts India (P) Ltd. v. Addl. CIT (2022) 285 Taxman 431 (Mad.)(HC)

S. 144C : Reference to dispute resolution panel-Submission of assessee not considered-Draft assessment order is set aside with the direction to complete the assessment after considering the response of assessee. [Art. 226]

Sree Narayana Dharma Sabha Sreyas v. ACIT (2022) 285 Taxman 516 (Ker.)(HC)

S. 144B : Faceless Assessment-Violation of principle of natural justice-Sufficient opportunity was not given-Order of assessment is set aside. [S. 144B(1)(xxii), Art. 226]

Preethi Himachal & Co. v. UOI (2022) 285 Taxman 518 / 219 DTR 365/ 329 CTR 538 (HP)(HC)

S. 144B : Faceless Assessment-Natural justice-Application to file further time to file reply was not considered-Order was set aside. [S.143(3), Art. 226]

Fifth Field Realtors (P.) Ltd. v. ACIT (2022) 285 Taxman 559 (Mad.)(HC)

S. 144B : Faceless Assessment-Opportunity of hearing was not given-Order was set aside. [Art. 226]

British Agro Products (India)(P) Ltd. v. ACIT (2022) 285 Taxman 141 (Mad.)(HC)

S. 144B : Faceless Assessment-Show casue notice-One day time was given-Personal hearing was not requested-Writ dismissed due to availability of alternate statutory remedy. [S. 143(3), 246A, Art. 226]

Rajiv Gandhi Proudyogiki Vishwa Vidyalaya v. UOI (2022) 285 Taxman 208 (MP)(HC)

S. 142(2A) : Inquiry before assessment-Special audit-Order was passed after giving adequate opportunity and considering the reply of the Assessee-Order is affirmed. [Art. 226]

PCIT v. Electronics and Controls Power Systems (P.) Ltd. (2022 285 Taxman 92 / 212 DTR 233 / 326 CTR 233 (Karn.)(HC)

S. 139 : Return of income-Delay in submitting ITR-V did not make e-filed return for assessment year 2008-09 invalid for denying carry forward of losses claimed in such return. [S. 80]

CIT LTU v. Canara Bank (2022) 285 Taxman 420 (Karn.)(HC).Editorial : Notice issued in SLP filed by Revenue , CIT v. Canara Bank (2022) 287 Taxman 462/ 114 CCH 321 (SC)

S. 115JB : Book profit-Not applicable to banking companies.

PCIT v. Fluor Daniel India (P.) Ltd. (2022) 134 taxmann.com 356 (Delhi)(HC) Editorial : Notice is issued in SLP filed by the revenue; PCIT v. Fluor Daniel India (P.) Ltd. (2022] 285 Taxman 280 (SC)

S. 92C : Transfer pricing-Arm’s length price-Exclusion of comparable-Functionally assets and risk test-Order of Tribunal is affirmed. [S. 260A]