S. 144C : Reference to dispute resolution panel-Selection for scrutiny-Draft assessment order-Participating in assessment proceedings-Notice by TPO and draft assessment order is held to be valid. [Art. 226]
Transsys Solutions Pvt. Ltd. v. ACIT (2021) 432 ITR 375 / 202 DTR 94 / 321 CTR 68/280 Taxman 150/126 taxmann.com 164 (Mad.)(HC) Editorial : Decision of single judge is affirmed, Transsys Solutions Private Limited v. ACIT (2021) 17 ITR-OL 418/ 202 DTR 103/ 321 CTR 77 (Mad.)(HC)
Digest of case laws
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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. 144C : Reference to dispute resolution panel-limitation-Notice by Dispute Resolution Panel four years after direction by Tribunal-Barred by limitation. [S. 144C(13), 153, 254 (1), Art. 226]
Roca Bathroom Products Private Ltd. v. DRP (2021) 432 ITR 192 / 203 DTR 55/ 321 CTR 496(Mad.)(HC)/Dy. CIT v. Freight Systems (India) P. Ltd. (2021) 18 ITR -OL 468 (Mad)(HC) /Editorial : Ordder of Single judge is affirmed by division bench , CIT . v. Roca Bathroom Products P. Ltd (2022) 445 ITR 537 (Mad)(HC) Dy. CIT v. Freight Systems (India) P. Ltd. (2022) 445 ITR 537 (Mad)(HC) Editorial : Ordder of Single judge is affirmed by division bench , CIT . v. Roca Bathroom Products P. Ltd (2022) 445 ITR 537 (Mad)(HC) Dy. CIT v. Freight Systems (India) P. Ltd. (2022) 445 ITR 537 (Mad)(HC)S. 139 : Return of income Time for filing audit report extended thrice-Prayer for writ of mandamus to extend time limit further was rejected. [S. 44AB, 119, Art. 226]
All Gujarat Federation of Tax Consultants v. UOI (2021) 432 ITR 225 / 198 DTR 8 / 319 CTR 33 / 278 Taxman 22 (Guj.)(HC)S. 132 : Search and seizure-Seizure of cash-Under investigation-Writ for release of cash is held to be not maintainable. [S. 12A, Art. 226]
Leo Charitable Trust v. PDIT (Inv) (2021) 432 ITR 286 (Mad.)(HC)S. 115JB : Book profit-Professional fees offered as income in subsequent year-Deletion on the ground of double addition is held to be proper.
PCIT v. Adani Infrastructure And Developers Pvt. Ltd. (2021) 432 ITR 113 (Guj.)(HC)S. 72 : Carry forward and set off of business losses-Can be set off against capital gains. [S. 45]
PCIT v. Alcon Developers (2021) 432 ITR 277/128 taxmann.com 371 (Bom.)(HC)S. 69A : Unexplained money-Burden is on assessee-Raid by the CBI No satisfactory explanation addition is held to be justified.
Jatinder Pal Singh v. Dy. CIT (2021) 432 ITR 293 / 201 DTR 353 / 320 CTR 830 / 281 Taxman 624 (Delhi)(HC)S. 69 : Unexplained investments-Revised computation of income was not considered-Order of Tribunal set aside-Matter remanded to the Assessing Officer. [S. 254(1), 260A]
S. J. Suryah v. ITO (2021) 432 ITR 119 (Mad.)(HC)S. 50C : Capital gains-Full value of consideration-Stamp valuation-Acquiring right in land under purchase agreement-Sale to third party-Provision of section 50C is not applicable-Whether loss is allowable as business loss or capital loss-Matter remanded. [S. 2(47), 28(i), 45]
V.S. Chandrashekar v. ACIT (2021) 432 ITR 330 / 199 DTR 545 / 320 CTR 339 / 282 Taxman 244(Karn.)(HC)S. 45 : Capital gains-Non-Resident-Gains from transfer taxable only in Singapore-DTAA-India-Singapore. [S. 90, Art. 13(4)]
Bg Asia Pacific Holding Pte. Ltd. In Re (2021) 432 ITR 430 / 199 DTR 306 / 320 CTR 430 (AAR) Gspc Distribution Networks Ltd., In Re (2021) 432 ITR 430 / 199 DTR 306 / 320 CTR 430 (AAR)