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. 80IB(10) : Housing projects-Condition coming into effect from 19-8-2019-Allotments made prior to that date-Entitled to pro-rata deduction. [S. 80IB(10)(f)]

Kamat Constructions Pvt. Ltd. v. CIT (2020) 429 ITR 609 / 277 Taxman 640(Bom.)(HC)

S. 80IB(10) : Housing projects-Eligible deduction on proportionate basis.

Devashri Nirman Ltd. v. ACIT (2020) 429 ITR 597 / ( 2021 ) 277 Taxman 408 (Bom.)(HC) PCIT v Devashri Nirman Ltd. (2020) 429 ITR 597 / ( 2021 ) 277 Taxman 408(Bom.)(HC)

S. 80IB(10) : Housing projects-Single approval from local authority for development and construction of residential units more and less than 1500 Sq. Ft. in area-Entitled to deduction. [S. 80IB(10)(c)]

PCIT v. Pratham Developers (2020) 429 ITR 114 (Guj.)(HC)

S. 80IB(10) : Housing projects-Proportionate deduction in respect of individual units permissible.

CIT v. Brigade Enterprises Ltd. (No. 2) (2020) 429 ITR 615 / (2021) 197 DTR 319 / 318 CTR 325 / 278 Taxman 81 (Karn.)(HC)

S. 80IB(10) : Housing projects-Proportionate deduction allowable- Each residential block to be considered as a separate unit-Res judicata -not applicable-Principle of consistency must be followed.

CIT v. Brigade Enterprises Ltd. (No. 1) (2020)429 ITR 511 / 195 DTR 177 / 275 Taxman 283 / (2021) 318 CTR 178 (Karn.)(HC)

S. 80IB(10) : Housing projects-Proportionate deduction-Entitle to proportionate deduction in respect of units fulfilling conditions.

Devashri Nirman Ltd. v. ACIT (2020) 429 ITR 597 /( 2021 ) 277 Taxman 408 (Bom.)(HC) PCIT v. Devashri Nirman Ltd. (2020) 429 ITR 597/( 2021 ) 277 Taxman 408 (Bom.)(HC)

S. 80IB(8A) : Industrial undertaking-Scientific research and development-Prescribed authority under Act alone has power to examine nature of scientific research and determine whether assessee is entitled to deduction and not the Assessing Officer.

CIT v. Quintiles Research (India) P. Ltd. (2020) 429 ITR 4 / 196 DTR 47 / (2021) 318 CTR 64 / 276 Taxman 10 (Karn.)(HC)

S. 80HHC : Export business-Deduction to be computed on ninety per cent. of net income of other income and not gross income.

CIT (LTU) v. ABB Ltd. (2020)429 ITR 355 (Karn.)(HC)

S. 70 : Set off of loss-One source against income from another source-Same head of income-Tax avoidance-Long term capital gains set off against short term capital loss- Forfeiture of call monies-Set off loss is held to be allowable. [S. 4, 45]

CIT v. K.P.D. Sigamani (2020) 120 taxmann.com 254 (Mad.)(HC) Editorial : SLP of revenue is dismissed, CIT v. K.P.D. Sigamani (2020) 120 taxmann.com 255/ 275 Taxman 4 (SC)

S. 68 : Cash credits -Advances received in cash for supply of materials- Confirmation letter furnished along with PA No- Deletion of addition is held to be justified. [S. 131]

CIT v. T. Ani Chandra Kala (Smt.) (2020) 429 ITR 179 (Mad.)(HC) CIT v. Pauldhas Regin (2020) 429 ITR 179 (Mad.)(HC)