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. 14A : Disallowance of expenditure-Exempt income-Tribunal justified in deleting the addition made by the Assessing Office. [s. 10(38), R. 8D]

CIT v. Sociedade De Fomento Industrial Pvt. Ltd. (No. 1) (2020) 429 ITR 207 / 276 Taxman 90 / 196 DTR 377 / (2021) 318 CTR 38 (Bom.)(HC) Editorial : Notice issued in SLP filed against order of High Court , CIT v. Sociedade De Fomento Industrial Pvt. Ltd ( 2021 ) 281 Taxman 297/ 283 Taxman 1 / 283 Taxman 6( SC), SLP dismissed ,CIT v. Sociedade De Fomento Industrial Pvt. Ltd. (2022)443 ITR 34 / 211 DTR 305/ 325 CTR 507 (SC)

S. 14A : Disallowance of expenditure-Exempt income-Onus to establish such proximity on department-Assessing Officer must give a clear finding with reference to the assessee’s accounts how expenditure related to exempt income. [S. 10(35), R. 8D]

CIT v. Sociedade De Fomento Industrial Pvt. Ltd. (No. 2) (2020) 429 ITR 358 / (2021) 277 Taxman 6/ 207 DTR 381/ (2022) 324 CTR 524 (Bom.)(HC)

S. 14A : Disallowance of expenditure-Exempt income-Failure by Assessing Officer to record dissatisfaction-No disallowance could be made. [R. 8D]

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

S. 14A : Disallowance of expenditure-Exempt income-Disallowance cannot exceed exempt income earned. [R. 8D]

PCIT v. Ajit Ramakant Phatarpekar (2020) 429 ITR 319 / 196 DTR 296 (Bom.)(HC) PCIT v. Neelam Ajit Phatarpekar (2020) 429 ITR 319 / 196 DTR 296 (Bom.)(HC)

S. 11 : Property held for charitable purposes-Statutory Board under control of State Government-Entitled to exemption. [S. 2(15)]

DIT(E) v. Karnataka Industrial Area Development Board (2020) 429 ITR 249 / (2021) 277 Taxman 36 (Karn.)(HC)

S. 11 : Property held for charitable purposes-Town Planning Authority Constituted Under State Law-Entitled to exemption. [S.2(15), Gujarat Town Planning Act, S. 22]

PCIT(E) v. Surat Urban Development Authority (Suda) (2020) 429 ITR 474 / 275 Taxman 295 (Guj.)(HC)

S. 11 : Property held for charitable purposes-Preservation of environment is charitable purpose-Institution engaged in management of liquid and solid wastes of industrial area-Entitled to exemption. [S. 2(15)]

CIT(E) v. Naroda Enviro Projects Ltd. (2020) 429 ITR 376 / (2021) 276 Taxman 50/ 190 DTR 228 (Guj.)(HC)

S. 11 : Property held for charitable purposes-Authority constituted under State Town Planning Act-Entitled to exemption. [S. 2(15)]

CIT(E) v. Jamnagar Area Development Authority (2020) 429 ITR 412 / ( 2021) 276 Taxman 36 (Guj.)(HC)

S. 10B : Export oriented undertakings-Expansion of existing processing capacity-Eligible deduction. [S. 10B(7), Industrial, (Development and Regulation) Act, 1951, S.14]

CIT v. Sociedade De Fomento Industrial Pvt. Ltd. (No. 1) (2020) 429 ITR 207 / 276 Taxman 90 / 196 DTR 377 / (2021) 318 CTR 38 (Bom.)(HC)Editorial : Notice issued in SLP filed against order of High Court , CIT v. Sociedade De Fomento Industrial Pvt. Ltd ( 2021 ) 281 Taxman 297 ( SC) Editorial : Notice issued in SLP filed against order of High Court , CIT v. Sociedade De Fomento Industrial Pvt. Ltd ( 2021 ) 281 Taxman 297 / 283 Taxman 1 / 283 Taxman 6( SC)

S. 10B : Export oriented undertakings-Export turnover-Expenditure in foreign exchange for provision of technical services outside India is includible Amortisation expenses-Matter remanded to Tribunal. [S. 37(1), 254(1)]

CIT v. Zylog Systems Ltd. (No. 2) (2020) 429 ITR 88 / (2021) 276 Taxman 164 (Mad.)(HC)