Category: Income-Tax Act

Archive for the ‘Income-Tax Act’ Category


Stemade Biotech P.Ltd v. Dy .CIT (2022) 195 ITD 346 ( Mum) ( Trib) www.itatonline.org.

S.37(1): Business expenditure – Referral commission paid to doctors – Violation of the professional conduct- Not allowable as deduction. [ Indian Medical Council ( Professional Conduct Etiquette and Ethics ) Regulations 2002, R. 6.8. 1(d) ]

JR Industries v. PCIT (2022) 192 ITD 414 /99 ITR 422/ 217 TTJ 412 (Jaipur)(Trib.)/OM Industries v.PCIT (2022) 192 ITD 414/ 99 ITR 422/ 217 TTJ 412 (Jaipur) (Trib.)/Vikas Oil Products v. PCIT 192 ITD 414/ 99 ITR 422/ 217 TTJ 412 (Jaipur) (Trib.)

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Pendency of appeal before CIT(A)-Commissioner can assume jurisdiction under section 263 in respect of issues which have not been considered and decided by Commissioner (Appeals)-Cash credits-Accommodation entries-Revision is held to be valid. [S. 68, 148]

Minimax Commerce (P.) Ltd. v. ACIT (2022) 192 ITD 303 / 219 TTJ 24 (UO) (Raipur)(Trib.)

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Order passed by the Assessing Officer of a different jurisdiction-Assessment order was passed on basis of an invalid and non est notice, it could not be countenanced in law, and consequently, revisional action is not permissible hence not valid. [S. 127, 143(2), 143(3), 292BB]

Parminder Singh Grewal. v. ITO (2022) 192 ITD 592 (SMC) (Chd.)(Trib.)

S. 250 : Appeal-Commissioner (Appeals)-Procedure-Principle of natural justice-Dismissal of appeal without granting right to be heard-Matter remanded [S. 154]

Rajesh Kumar Singhal v. ITO (2022) 192 ITD 133 (Delhi)(Trib.)

S. 250 : Appeal-Commissioner (Appeals)-Procedure-Failure to attend on specified date-Failure to consider additional evidence-Order was set aside and directed to pass speaking order. [S. 251]

Infosys BPO Ltd. v. DCIT (2022) 192 ITD 94 / / 217 TTJ 478/ 214 DTR 89 (Bang)(Trib.)

S. 244A : Refund-Interest on refunds-Excess tax deduction at source–Entitled to interest on refund of excess deduction of tax at source under section 195 of the Act.

Shivnarayan Nemani Shares & Stock Brokers (P.) Ltd. v. DCIT (2022) 192 ITD 50 (Mum.)(Trib.)

S. 194J : Deduction at source-Fees for professional or technical services-Transaction charges-TDS is deductible under section 194I and not under section 194J [S. 194I]

Santosh (Smt.) v. ITO (2022) 192 ITD 189 (Delhi)(Trib.)

S. 148 : Reassessment-Notice-Service of notice-Information through RTI-Generalistic notice issued without mentioning full and correct address of assessee would not be a valid notice for reopening of assessment-Matter remanded to the file of CIT(A). [S. 147]

Bindra Warehousing Corporation v. ITO (2022) 192 ITD 15 (SMC) (Jabalpur)(Trib.)

S. 147 : Reassessment-Alleged non conduct of Audit-Reassessment notice is not valid. [S 44AB, 80IB(11A), 133(6), 148]

Krishna Mohan Choursiya v. ITO (2022) 192 ITD 214 (Indore) (Trib.)

S. 145 : Method of accounting-No adverse findings by the Chartered Accountant who has audited books of account-Estimation of net profit is not justified.