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. 263 : Commissioner – Revision of orders prejudicial to revenue – Set off of carried forward loss (Unabsorbed portion of depreciation) [ S.68 71 ,115BBE [

Vijaya Hospitality and Resorts Ltd. v. CIT (2020) 269 Taxman 513 / 188 DTR 183 / 315 CTR 412 (Ker.)(HC)

S. 263 : Commissioner – Revision of orders prejudicial to revenue – Shipping business – Non-residents –Failure to deduct tax at source – Revision is held to be not valid – Order of Appellate Tribunal is affirmed [ S. 40(a)(ia) , 143 (3) , 172 194C , 195 ]

PCIT v. Summit India Water Treatment and Services Ltd. (2020) 271 Taxman 69 / 189 DTR 160 / 315 CTR 682 (Guj.)(HC)

S. 263 : Commissioner – Revision of orders prejudicial to revenue – Unexplained investments -Increase in capital investment – Specific question was raised in the original assessment proceedings – Revision is held to be bad in law [ S.69 ]

CIT v. Vijay Kumar Koganti (2020) 275 Taxman 394 / 195 DTR 428 (Mad.)(HC)

S.260A : Appeal – High Court –Appellate Tribunal -Stay granted matters – Delay of more than 365 days – Delay in disposal of appeal not attributable to assessee- No substantial question of law . [ S.254(2A) ]

PCIT v. Jindal Steel & Power Ltd. (2020) 114 taxmann.com 617 (P& H (HC ) Editorial : SLP against the High Court order is granted PCIT v. Jindal Steel & Power Ltd. (2020) 269 Taxman 575 (SC.)

S. 251 : Appeal – Commissioner (Appeals) – Duties Cross examination of witness –Order of High Court set aside and matter remanded to the Office of CIT (A) to give an opportunity of cross examination of witness and decide according to law – Demand and attachment stayed until the matter decided by the CIT (A) [ S. 220 ]

I.C.D.S. Ltd. v. CIT (2020) 273 Taxman 12 / 194 DTR 18 / 316 CTR 678 (SC)

S. 246A : Appeal – Commissioner (Appeals) – Stay -Rejection of stay application blindly following the office memorandum was set aside – Directed to decide the stay application on merit [ S. 226 250 , Art , 226 ]

Equity Intelligence India (P.) Ltd. v. Dy. CIT (2020) 272 Taxman 332 / 192 DTR 41 / 315 CTR 846 (Ker.)(HC)

S. 245D : Settlement Commission – No power of review – Order of Settlement Commission is set aside and directed to decide the issue in accordance with law . [ S. 154, 234A, 234B , 234C 245D(4) , 254E, 245F , 245I , Art , 226 ]

CIT v. M.A. Jacob & Company (2020) 275 Taxman 529 / 194 DTR 81( 2021) 320 CTR 209 (Mad.)(HC)

S. 241A : Refund-Power to with hold in certain cases – Review petition of the assessee is dismissed . [ S. 143 (1) , 143(ID ) 143 (2) ]

Vodafone Idea Ltd. v. ACIT (2020) 275 Taxman 591 / 192 DTR 87 / 315 CTR 624 (SC)

S. 241A : Refund-Power to withhold in certain cases-Limited scrutiny [S.143 (1) . 143 (2), Art. 226 ]

Cooner Institute of Health Care & Research Centre (P.) Ltd. v. ITO (2020) 273 Taxman 216 / 193 DTR 1 / 315 CTR 900 (Delhi)(HC)

S.237: Refunds – Verification of tax deducted at source- Technical glitches and enable TRACES portal – Income-tax Authorities are directed to decide the assessee’s request within four weeks [ S.200A, Art , 226 ]

Clean Wind Power Kurnool (P.) Ltd. v. Dy. CIT (2020) 274 Taxman 408 / 191 DTR 125 / 315 CTR 345 (Delhi)(HC)