This Digest of case laws is prepared by KSA Legal and AIFTP from judgements reported in BCAJ, CTR, DTR, ITD, ITR, ITR (Trib), Chamber's Journal, SOT, Taxman, TTJ, BCAJ, ACAJ, www.itatonline.org and other journals
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S. 192 : Deduction at source-Salary-Provision of residential accommodation by employer-Valuation of perquisite-Perquisite-Liable to deduct tax at source-Cannot equated with an accommodation provided by the Central Government-Assessee in default-Bona fide estimate-Penalty cannot be levied-Contrary view of Tribunal. [S. 15, 17(2), 201, 201(IA), ITR, 1962, R. 3(1)]

Central Food Technological Research Institute v. ITO (2021) 439 ITR 735 / 204 DTR 361 / 322 CTR 225 (Karn.)(HC)

S. 154 : Rectification of mistake-Contractual receipts-Depreciation on gross receipts-Debatable-Rectification order was not justified. [S. 32]

PCIT v. Engineers works (2021) 439 ITR 108 / 206 DTR 242 / 323 CTR 485 /(2022) 284 Taxman 138 (AP)(HC)

S. 153 : Assessment-Limitation-Remand to DRP-Tribunal-Order was not passed within stipulated time-Directed to refund the amount with interest. [S. 144C(13), 153(2A), 244A, Art. 226]

Freight Systems (India) (P.) Ltd. v. Dy. CIT (2021) 206 DTR 163/(2022)) 328 CTR 643 (Mad.)(HC)

S. 147 : Reassessment-With in four years-Approval was granted by Development Commissioner but on such approval Ratification Certificate was not yet given by Board of Approval-Reassessment notice was held to be not valid. [S. 10B]

Indus Teqsite (P.) Ltd. v. Dy. CIT (2021) 206 DTR 129 / 322 CTR 689 / 133 taxmann.com 134 /(2022) 285 Taxman 302 (Mad.)(HC).Editorial : Order of single judge set aside ; Indus Teqsite Pvt. Ltd v. Ministry of Finance (2021)435 ITR 613/ 204 DTR 224/ 322 CTR 100 (Mad) (HC)

S. 147 : Reassessment-With in four years-Disputed facts-Alternative remedy-Order is not barred by limitation-Writ is not maintainable. [S. 148, 153(2), Art. 226]

Madras Race Club v. Dy.CIT (2021) 203 DTR 338 / 322 CTR 392 (Mad.)(HC) Editorial : Affirmed by division Bench Madras Race Club v. Dy. CIT (2021) 206 DTR 297 / 323 CTR 180 (Mad.)(HC)

S. 147 : Reassessment-With in four years-Disputed facts-Alternative remedy-Interim order-Order is not barred by limitation-Writ is not maintainable-Order of single judge is affirmed. [S. 148, 153(2), Art. 226]

Madras Race Club v. Dy. CIT (2021) 206 DTR 297 / 323 CTR 188 (Mad.)(HC) Editorial : Order of single judge is affirmed Madras Race Club v. Dy. CIT (2021) 203 DTR 338 / 322 CTR 292 (Mad.)(HC)

S. 147 : Reassessment-With in four years-No new material-Matter remanded to consider the issue on change of opinion. [S. 148, Art. 226]

Magma Hdi General Insurance Co. Ltd. v. ITO (2021) 439 ITR 329 / 206 DTR 57 / 322 CTR 750 (Cal.)(HC)

S. 147 : Reassessment-With in four years-Change of opinion-No new material-Reassessment notice was quashed. [S. 148, Art. 226]

Cognizant Technology Solutions India P. Ltd. v. ACIT (2021) 439 ITR 571 /206 DTR 401 (Mad.)(HC) Editorial : Order of single judge in Cognizant Technology Solutions India P. Ltd. v. ACIT (2021) 437 ITR 425 / 206 DTR 408/ 323 CTR 427 (Mad.)(HC) set aside

S. 147 : Reassessment-After the expiry of four years-Export oriented undertakings-Valid approval by STPI-Mistake or omission committed by the Assessing Officer-No failure to disclose any material facts-Reassessment notice was quashed. [S. 10B, 148, Art. 226]

Kone Elevators (India) (P) Ltd. v. ACIT (2021) 206 DTR 137 / 322 CTR 697 (Mad.)(HC)

S. 147 : Reassessment-After the expiry of four years-Free trade zone-Export Oriented units-Start of manufacturing-Location of Industrial undertaking-Failure to disclose material facts-Reassessment notice was held to be valid. [S. 10A(2), 148, Form No. 56F, Art. 226]

FCA Engineering India (P) Ltd. v. ACIT (2021) 206 DTR 43 (Mad.) (HC)