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. 143(3) : Assessment-Survey-Undisclosed income-Accommodation entries-Commission income-Amount not recovered allowable as deduction from the undisclosed income estimated. [S. 28(i) 68, 133A]

Uday Shankar Mahawar v. ACIT (2020) 183 ITD 305 (Kol.)(Trib.)

S. 143(3) : Assessment-Notice issued without examining the return-Assessment order was quashed. [S. 142(1), 143(2)]

Hemant Mittal v. ITO (2020) 183 ITD 295 (Delhi)(Trib.)

S. 142(2A) : Inquiry before assessment-Special audit-Extension of time given by Commissioner instead the Assessing Officer in getting books of account audited-Assessment completed after due date was void ab initio.

ACIT v. Soul Space Projects Ltd. (2020) 82 ITR 399 / 183 ITD 281 (Delhi)(Trib.)

S. 139 : Return of income-Intimation-Demerger-Revised return can be filed even after issue of intimation. [S. 2(19AA), 72(4A), 139(5), 143(1)]

ACIT v. Padma Logistics & Khanij (P.) Ltd. (2020) 81 ITR 61 / 183 ITD 891 /208 TTJ 67 (Kol.)(Trib.)

S. 120 : Jurisdiction of income-tax authorities-Power to transfer cases-Commissioner-Lucknow transferred different cases to Central Circle, Lucknow-Jurisdiction of TDS matters was not transferred-Order passed by Assistant Commissioner, Central Circle, Lucknow in case of assessee under section 201 was without jurisdiction. [S. 127, 201]

DCIT v. Sahara India Financial Corporation Ltd. (2020) 183 ITD 266 / 194 DTR 153 / 297 TTJ 555 (Delhi)(Trib.)

S. 115JB : Book profit-Disallowance made under section 14A cannot be subject matter of disallowances while determining book profit. [S. 14A, R.8D]

Gujarat State Energy Generation Ltd. v. ACIT (2020) 183 ITD 590 (Ahd.)(Trib.)

S. 92C : Transfer pricing-Arm’s length price-Notional interest on interest free loan-Rate of LIBOR plus 2 per cent is held to be justified.

Sabre Asia Pacific Pte. Ltd. v. DCIT (2020) 183 ITD 832 (Mum.) (Trib.)

S. 92C : Transfer pricing-Arm’s length price-Re sale without any further value addition-Resale Price Method (RPM) is most appropriate method for determining ALP of said international transactions.

Topcon Sokkia India (P.) Ltd. v. DCIT(2020) 183 ITD 876 (Delhi) (Trib.)

S. 92C : Transfer pricing-Arm’s length price-Advance for allotment of shares-Notional interest-No addition could be made.

Voltas Ltd. v. ACIT (2020) 183 ITD 857 (Mum.)(Trib.)

S. 92C : Transfer pricing-Arm’s length price-Comparable-Software development-Software education- Computer related activities like maintenance of website for its clients and creation of multimedia presentation-Product companies-Functionally not comparable-High turnover filter-Directed to be excluded.

Xoriant Solutions (P.) Ltd. v. ITO (2020] 183 ITD 180 (Mum.) (Trib.)