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Naresh Sharma. v. AO (2022) 192 ITD 379 (Chd.)(Trib.)

S. 68 : Cash credits-Cash payment by purchaser-Sale of agricultural land-Correctness of Ikrarnama-Agreement to sell-Matter remanded.

Indiaon Time Express (P.) Ltd. v. ACIT (2022) 192 ITD 366 (Bang.)(Trib.)

S. 68 : Cash credits-Share capital-Share premium-Promoters had sufficient funds-Directed to file bank statements of subscribers and copy of returns filed.

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

S. 68 : Cash credits-Purchase of agricultural land-Investment transferred from personal books of account-Addition is held to be not justified.

ACIT v. Sambandam Dorairaj (2022) 192 ITD 374 (Chennai) (Trib.)

S. 54 : Capital gains-Profit on sale of property used for residence-Cost of improvement-Renovation expenses-Enquiry should have conducted with the builder who has constructed the building and not with neighbours-Estimate of Rs. 18 lakhs by CIT(A) is held to be reasonable. [S. 45, 48]

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

S. 48 : Capital gains-Computation-Cost of improvement-Levelling, boundary work and fencing-Failure to produce evidence-Disallowance of expenditure is justified. [S. 45]

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

S. 48 : Capital gains-Computation-Indexed cost of acquisition-Holding shares of BSE Ltd-For computing capital gain, indexed cost of acquisition of shares of BSE is to be considered from date of original membership of BSE and not from date of allotment of shares inn BSE Ltd. [S. 2(42A), 45]

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)]