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. 226 : Collection and recovery – Modes of recovery – Stay – Matter remanded.

Chetan Kothari v. PCIT (2020) 427 ITR 136 / (2021) 277 Taxman 189(Mad)(HC)

S. 201 : Deduction at source – Failure to deduct or pay -Levy of compensatory interest — Order treating assessee as in default mandatory [ S.201(1) , 201(IA) ]

CIT(LTU) v. Asea Brown Boveri Ltd. (2020) 427 ITR 166 /192 DTR 376/ 272 Taxman 224 (Karn)(HC)

S. 158BC : Block assessment –Undisclosed income —Reducing quantum of addition — Held to be justified [ S.158BD ]

CIT v. Naman Associates (2020) 427 ITR 91 / 273 Taxman 297 / 196 DTR 147/ 317 CTR 654(Guj) (HC)

S. 147 : Reassessment – Alternative remedy – Survey -Dismissal of writ petition on ground of availability of alternative statutory remedy —Held to be justified . [ S. 133A,148 , Art , 226 ]

Precision Engineering v .ACIT (No. 2) (2020)427 ITR 258 (Chhattisgarh)(HC)

S. 147 : Reassessment –With in four years- Existence of material- Reassessment notice is held to be valid [ S.148 Art .226 ]

Precision Engineering v. ACIT(2020)427 ITR 198 /196 DTR 371 (Chhattisgarh) (HC) Aaditya Construction v. PCIT (2020)427 ITR 198/196 DTR 371 (Chhattisgarh) (HC) Editorial : Affirmed by division bench , Precision Engineering v . ACIT ( 2021 ) 319 CTR 217 / 198 DTR 311 (Chhattishgarh )(HC) Aaditya Construction v. PCIT ( 2021 ) 319 CTR 217 (Chhattishgarh )(HC)

S. 144 : Best judgment assessment -Arbitrary estimation is held to be not justified – Matter remanded

CIT v. S. Albert and Co. P. Ltd. (2020) 427 ITR 145 (Mad) (HC)

S. 80IB: Industrial undertakings – Fraudulent transactions – Denial of tax holiday – Principles of natural justice is not applicable in cases of fraud . [ S. 80IB ,80IB(11C, 115JC , 153A )

S. Gurushankar v .CIT(Appeals) (2020) 427 ITR 175/ ( 2021) 277 Taxman 180/ 199 DTR 44/ 319 CTR 410 (Mad) (HC).Editorial: refer ,Gurushanakar S. v .CIT ( 2021 ) 199 DTR 42 ( Mad)) (HC) observation of single judge on merit was set aside .

S.80HHC: Export business – Explanation (baa) applicable only to receipts similar to brokerage, commission, interest, rent or charges

Ingersoll-Rand (India) Ltd v .CIT (2020) 427 ITR 158 /192 DTR 369(Karn)(HC)

S.80HHC : Export —Reduction of 90 Per Cent. of net (and not gross) Income from interest, commission and technical services — Income from technical services cannot be reduced by 90 Per Cent.

CIT(LTU) v. Asea Brown Boveri Ltd. (2020) 427 ITR 166 / 192 DTR 376/272 Taxman 224 (Karn)(HC)

S. 72A : Carry forward and set off of accumulated loss and unabsorbed depreciation – Filing of Form 62 not a condition precedent for set off [ ITRules 9C ]

PCIT v. Lotte India Corporation Ltd. (2020) 427 ITR 80/ 194 DTR 7/ 317 CTR 330/ 274 Taxman 63 (Mad) (HC)