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. 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]

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

Nalin V. Shah. v. ACIT (2022) 192 ITD 29 (Mum.)(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)]

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-Disallowance of interest in earlier years-Allowable in the year of payment. [S. 145]

DCIT v. K.S. Diesels Ltd. (2022) 192 ITD 21 (Mum.)(Trib.)

S. 40(a)(iib) : Amounts not deductible-Guarantee commission-Not liable to deduct tax at source-Not in the nature of levy on a State Government undertaking by State Government-Contract payment-Allowable as business expenditure. [S. 37(1)]

Krishna Bhagya Jala Nigam Ltd. v. ACIT (2022) 192 ITD 666 (Bang.)(Trib.)

S. 40(a)(ii) : Amounts not deductible-Rates or tax-Additional ground admitted-Education Cess and Higher and Secondary Education Cess are allowable as deduction. [S. 28(i), 37(1), 254(1)]

Ashok Kirtanlal Shah v. ACIT (2022) 192 ITD 193 (Mum.) (Trib.)

S. 40(a)(ia) : Amounts not deductible-Deduction at source-Copies of PAN along with copies of invoices of transportation bill etc. was furnished-Disallowance cannot be made on technical ground. [S. 194C (7)]

Mohmed Shakil Mohmed Shafi Mutawalli v. (2022) 192 ITD 130 (Ahd.)(Trib.)

S. 40(a)(i) : Amounts not deductible-Deduction at source-Non-resident-Royalty-Software purchased is a copyrighted article-Not liable to deduct tax at source-DTAA-India-USA. [S. 9(1)(vi), 195, Art. 9]

Plintron Mobility Solutions (P.) Ltd. v. ITO (2022) 192 ITD 556 (Chennai)(Trib.)

S. 40(a)(i) : Amounts not deductible-Deduction at source-Non-resident-Fes for technical services-Grant of license to use its intellectual property and also availed of management services-Services were managerial in nature and not technical services-Not liable to deduct TDS on same-DTAA-India-UK. [S. 195, Art. 13(4)]

Lloyd’s Register Asia (India Branch Office) DCIT(IT) (2022) 192 ITD 455 (Mum.)(Trib.)

S. 40(a)(i) : Amounts not deductible-Deduction at source-Non-resident-Commission payment-Not liable to deduct tax at source-DTAA-India-France. [S. 9(1)(vi), 195, Art. 7, 12]

Rajinder Kumar Aggarwal (HUF) v. DCIT (2022) 192 ITD 1 (Delhi) (Trib.)