Category: Income-Tax Act

Archive for the ‘Income-Tax Act’ Category


Davinder Kaur Bains v. PCIT (2021) 214 TTJ 1159 / (2022) 209 DTR 47 (Asr.)(Trib.) Gurbachan Singh Bains v. PCIT (2021) 214 TTJ 1159 / (2022) 209 DTR 47 (Asr.)(Trib.)

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Surrender of capital gains in revised return-Failure to levy penalty–Explanation 2 to section 263 was not referred-Revision is held to be not valid. [S. 139(5), 143(3), 271(1)(c)]

Concord Infra Projects (P) Ltd. v. PCIT 214 TTJ 892 / 208 DTR 1 (Kol.)(Trib.)

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Jurisdictional issue of reassessment can be challenged in an appeal against revision proceedings-Appeal-Appellate Tribunal-Power-Revision order was quashed. [S. 143(3), 147, 253, 254(1)]

Grasim Industries Limited v. DCIT (2021) 211 TTJ 137 / 200 DTR 248 (Mum.)(Trib.)

S. 254(2A) : Appellate Tribunal-Stay-Stay is granted subject to providing a reasonable security for an amount of 20 % of the disputed demand to the satisfaction of the Assessing Officer. [S. 220(6)]

Grasim Industries Limited v. DCIT (2021) 211 TTJ 153 / 200 DTR 265 (Mum.)(Trib.)

S. 254(2A) : Appellate Tribunal-Stay-Interim stay order by High Court-Revenue Authorities have taken a conscious decision not to recover the outstanding amount-Stay petition is dismissed as infructuous. [S. 220(6)]

Vodafone India Services Ltd. v. ACIT (2021) / 212 TTJ 760 / 204 DTR 89 (Mum.)(Trib.)

S. 254(2A) : Appellate Tribunal-Stay-Demand on account of ALP adjustment for assignment of call or put options vested by assessee to its Mauritius based group concern, inasmuch as it put said group concern at an undue advantage of buying Vodafone India shares at a price much below market rate without any corresponding benefit to assessee-Stay granted on impugned tax demand subject to deposit of 20 per cent tax and furnishing of corporate guarantee from AE. [S. 220]

Sale Mohammed Padamsee & CO. v. PCIT, (2021) 213 TTJ 895 / 206 DTR 102 (Mum.)(Trib.)

S. 254(2) : Appellate Tribunal-Rectification of mistake apparent from the record-The Tribunal has consciously adjudicated a case instead of referring it to a special bench as desired by the assessee, it is not open to him to try achieving the same under the garb of 254(2) proceedings-Miscellaneous application is rejected.

Sanjay Matai v. ITO (2021) 91 ITR 597 (Jaipur)(Trib.)

S. 254(1) : Appellate Tribunal-Power-Additional evidence-Non-consideration of additional evidence placed on record would cause prejudice to assessee-Commissioner (Appeals) to admit additional evidence. [R. 46A, ITAT R, 29]

Sanjay Matai v. ITO (2021) 91 ITR 597 (Jaipur)(Trib.)

S. 254(1) : Appellate Tribunal-Power-Additional evidence-Non-consideration of additional evidence placed on record would cause prejudice to assessee-Commissioner (Appeals) to admit additional evidence. [R. 46A, ITATR, 29]

N. R. Agarwal Industries Ltd. v. ACIT (2021)91 ITR 503 (Surat) (Trib.)

S. 251 : Appeal-Commissioner (Appeals)-Power of enhancement of income-Commissioner (Appeals) cannot introduce new source of income-Assessment to be confined to items of income which were subject matter of original assessment. [S.. 251(1)(a)]

Energy Infratech Pvt. Ltd. v. DCIT (2021) 210 TTJ 309 / 199 DTR 145 (Delhi)(Trib.)

S. 251 : Appeal-Commissioner (Appeals)-Powers-Business expenditure-Confirmed by the CIT(A) by adopting different reasoning than that of Assessing Officer-Order set aside to the Assessing Officer for fresh order as per law after providing reasonable opportunity of hearing [S. 37(1),40(a), 254(1)]