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. 115JB : Book profit – Provision is held to be not applicable .[ S.260A ]

CIT v. Karnatka Power Corporation ( 2021 ) 127 taxmann.com 282 ( Karn) (HC) Editorial : SLP granted to the revenue , CIT v. Karnatka Power Corporation ( 2021 ) 280 Taxman 1 / 127 taxmann.com 283 ( SC)

S. 115JB : Book profit – Banking companies – Provisions are not applicable to banking companies [ Banking Regulation Act, 1939 ]

CIT v. Vijay Bank ( 2021 ) 126 taxmann.com 166 ( Karn) (HC) Editorial: SLP granted to the revenue , CIT v. Vijay Bank ( 2021 ) 280 Taxman 235/ 126 taxmann.com 167 ( SC) CIT v. Vijay Bank ( 2021 ) 126 taxmann.com 166 ( Karn) (HC) Editorial: SLP granted to the revenue , CIT v. Vijay Bank ( 2021 ) 280 Taxman 235/ 126 taxmann.com 167 ( SC)

S. 139AA : Return of income – Quoting of Aadhar number – Inclusion of Aadhaar in Income-tax Act valid – Section 139AA of the Income-tax Act, 1961, pass the test of proportionality (right to privacy v. legitimate State interest) – Not unconstitutional [ Art , 14 , 16 ]

Justice K.S. Puttaswamy (Retd . ) v .UOI (2018) 97 taxmann.com 585 (SC) Editorial : Affirmed in Rehhar Foundation v. Justice K.S. Puttaswamy ( 2021 ) 278 Taxman 1/ 123 taxmann.com 344 (SC)

Limited liability Partnership Act , ( 6 of 2009 )

S. 58(1) : Registration and effect of conversion – The identity of the firm as a legal entity changes – Stamp duty and registration fee cannot be levied upon conversion of a partnership firm to LLP- The Transfer of assets of firm to LLP is by operation of law . [ S. 55, 58 (4)(b), Registration Act , 17, Stamp Act . S.3 , H.P Tenancy and Land Reforms Act ,(8 of 1974 ) S.118 ]

Sozin Flora Pharma LLP v. State of Himachal Pradesh AIR 2021 Himachal Pradesh 44

Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act , 2002 ( SARFAESI Act, 2002)

S. 13(2): Enforcement of security interest – Recovery of Dues – Priority of debtor – The charge of secured creditor would have priority over Government dues under the Income- Tax Act. [ S. 3. 13(4),34(1), 35 , ITACT, S. 226 , Art , 226 ]

Edelweiss Asset Reconstruction Co. Ltd. v. TRO ( Bom)(HC) (UR)

S. 276C : Offences and prosecutions-Wilful attempt to evade tax-No evidence that transactions resulted in liability to tax, interest or penalty-Prosecution not valid-Special Court gets jurisdiction only on complaint by competent Authority it cannot take Special cognizance of Offences. [S. 132, 280B, 280D, Code of Criminal Procedure, 1973, S. 200, 245]

ITO v. D. K. Shivakumar (2021) 434 ITR 367 / 200 DTR 273 / 320 CTR 182 (Karn.)(HC).Editorial: Notice issued in SLP filed by Revenue , ITO v.D. K. Shivakumar( 2023) 290 Taxman 106 ( SC)

S. 264 : Commissioner-Revision of other orders-Appeal filed after expiry of time limit-Revision application is held to be valid. [S. 143(1)(a), 246A, 264(4), Art. 226]

Aafreen Fatima Fazal Abbas Sayed v. ACIT (2021) 434 ITR 504 / 202 DTR 1/ 280 Taxman 429 / 321 CTR 583(Bom.)(HC)

S. 254(2) : Appellate Tribunal-Rectification of mistake apparent from the record-Jurisdiction limited to correcting error apparent on face of record-Tribunal cannot review its earlier order or rectify error of law or reappreciate facts. [S. 253, 254(1), 260A]

Vrundavan Ginning and Oil Mill v. Assistant Registrar (2021) 434 ITR 583/ 205 DTR 46 / 323 CTR 1067/ ( 2020) 284 Taxman 410 (Guj.)(HC)

S. 254(2) : Appellate Tribunal-Rectification of mistake apparent from the record-Contradiction in earlier order-No error apparent on record-Tribunal wrongly recalled the order-Failure by Tribunal to consider applicability of explanation to Section 271(1) (c)-Rectification is held to be not valid. [S. 271(1)(c)]

P.T. Manuel and Sons v. CIT (2021) 434 ITR 416 (Ker.)(HC)

S. 254(2) : Appellate Tribunal-Rectification of mistake apparent from the record-Limitation-Actual date of receipt of order of Tribunal. [S. 253, 268]

Anil Kumar Nevatia v. ITO (2021) 434 ITR 261 / 203 DTR 92 / 278 Taxman 235/ 321 CTR 368 (Cal.)(HC)