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
Click here to download the pdf versions of the Digest of case laws

S. 23 : Income from house property-Annual value-No rental income-Security deposits to be adjusted for old outstanding-If amount excess remains then current assessment year outstanding to be adjusted. [S. 22]

Vishwaroop Infotech Pvt. Ltd. (Now Merged with M/s. Wadhwa group Holgings Pvt. Ltd.) v. ACIT (2020) 195 DTR 393 (Mum.)(Trib.)

S. 23 : Income from house property-Annual value-Unsold flats-Stock-in-trade-Before the insertion of S. 23(5)-Addition is held to be not valid. [S. 22, 23(5)]

Osho Developers v. PCIT (2020) 208 TTJ 802 / (2021) 197 DTR 51 (Mum.)(Trib.)

S. 14A : Disallowance of expenditure-Exempt income-No exempt income-No disallowance can be made. [R. 8D]

DCIT v. SNJ Distillers Pvt. Ltd. (2020) 208 TTJ 968 / (2021) 87 ITR 540 (Chennai)(Trib.)

S. 14A : Disallowance of expenditure-Exempt income-No exempt income-No disallowance can be made. [R. 8D]

Dy. CIT v. BMI Whole sale Trading (P) Ltd. (2020) 203 TTJ 797 (Mum.)(Trib.) Dy.CIT v. Brand Marketing (India) (P.) Ltd. (2020) 203 TTJ 797 (Mum.)(Trib.)

S. 14A : Disallowance of expenditure-Exempt income-AO was required to work out the average of such investment, the income from which did not form part of the total income instead of total value of investment-Matter remanded. [R. 8D(2)(iii)]

Sankalp v. Dy.CIT (2020) 195 DTR 273 / 208 TTJ 399 (Cuttack) (Trib.)

S. 14A : Disallowance of expenditure-Exempt income-No income earned by assessee during the relevant AY-No disallowance can be made. [R. 8D].

Tata Sky Ltd. v. ACIT (2020) 195 DTR 177 / 208 TTJ 194 (Mum.)(Trib.)

S. 13 : Denial of exemption-Trust or institution-Investment restrictions-Only upto the violation of the provisions-Exemption cannot be denied. [S. 11, 12, 13(3), 164(2)]

DCIT(E) v. Central Academy Jodhpur Education Society (2020) 208 TTJ 545 (Jaipur)(Trib.)

S. 12AA : Procedure for registration-Trust or institution-Objectives of trust are not under question-Non filing of return-Not a ground for cancelling registration. [S. 12A, 80G(5)(vi), 139(4A)]

Kai Shri Mahadevrao Maykude Dnyanvikas Prabhodhini Trust v. CIT(E) (2020) 194 DTR 353 / 208 TTJ 296 (Pune)(Trib.)

S. 11 : Property held for charitable purposes-Educational institution-Additional evidence admitted-Matter remanded to the Assessing Officer for re-examination. [S. 2(15), 10(23C)(iiiab)]

Institute of Chemical Technology v. ITO (2020) 203 TTJ 590 (Mum.)(Trib.)

S. 11 : Property held for charitable purposes-Holding exhibition-Trust having surplus in one year did not change character of trust to business or profit making entity-Entitle to exemption. [S. 2(15)]

Credai-Pune Metro v. ITO (2020) 207 TTJ 1028 (Pune)(Trib.)