S. 10(23C) : Educational Institution-Surplus utilized for educational purposes-Entitled to exemption-Revenue should have withdrawn the petition when identical issue was decided in favour of assessee in earlier year. [S. 10(23C)(iiiab), 254(1)]
Bihar State Text Book Publishing Corporation v. CIT (2020) 428 ITR 143 / 317 CTR 354/ 121 taxmann.com 173 / 195 DTR 134/ (2021) 276 Taxman 173 (Pat.)(HC)
Digest of case laws
Online digest of latest case laws
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. 9(1)(vii) : Income deemed to accrue or arise in India-Fees for technical services-Export of garments-Inspecting garments, ensuring quality and export- Income received by non-resident not taxable in India-DTAA -India -Hong Kong [S. 260A, Art , 12 ]
DIT(IT) v. Jeans Knit Pvt. Ltd. (2020) 428 ITR 285/317 CTR 1/194 DTR 265 / 119 taxmann.com 305(Karn.)(HC)S. 4 : Charge of income-tax-Accrual of income-Mercantile System of accounting-Retention money on contract-Cannot be included as income. [S. 5, 145]
CIT v. Voltech Projects Pvt. Ltd. (2020) 428 ITR 270 (Mad.)(HC)S. 2(42C) : Slump sale-Capital gains-Exchange Assets transferred to subsidiary Company in accordance with scheme approved by High Court – No slump sale for purposes of capital gains tax. [S. 45, 50, 50B, Sale of Goods Act, 1930, S 2(10), Transfer of Property Act, 1882, S.54, 118, Companies Act, 1956, 391, 394]
Areva T & D India Ltd. v. CIT (2020) 428 ITR 1/317 CTR 633/195 DTR 361 (Mad.)(HC) Editorial: SLP is granted to the revenue , CIT v. Areva T & D India Ltd ( 2021 ) 281 Taxman 217 ( SC) , Finance Act, 2021 inserted , Explanation 3.—For the purposes of this clause, “transfer” shall have the meaning assigned to it in clause (47)S. 2(22)(e) : Dividend-Deemed dividend-Not a share holder of lender company–Loan not assessable as deemed dividend.
CIT v. T. Abdul Wahid and Co. (2020) 428 ITR 456 / 275 Taxman 101 / ( 2021 ) 199 DTR 515(Mad.)(HC)Interpretation -Natural Justice – Audi Alteram Partem – Right of hearing – Cross -Examination – Matter remanded to first Appellate Authority .[IT Act , 1961 , S. 226 (3) ]
ICDS Ltd v. CIT ( 2020) 10 SCC 529 Editorial. Order in CIT v. ICDS Ltd , ITA No. 353 of 2001 dt 18 -9 2007 ( Kran) (HC) is reversed .Maharashtra Agricultural Produce Marketing ( Regulation ) Act , 1963 ( 20 of 1964)
S. 2(1) (a): Agricultural produce – Sugar – Edible oil and Vanaspati – Agricultural produce .
Britannia Industries Ltd v. Bombay Agricultural produce Marketing Committee ( 2020)) 11 SCC 623Tribunal -Courts , Tribunal and Judiciary – Appointment and selection – Clarification of order dt 9-2 2018 in Kudrat Sandhu (2018) 4 SCC 346, pars 1 and 2 .
Kudrat Sandhu v.UOI ( 2020) 6 SCC 251 Kudrat Sandhu v.UOI ( 2020) 6 SCC 254Appellate Tribunals and Other Authorities ( Conditions of Service ) Bill , 2014 .
Tribunal -Courts , Tribunal and Judiciary – Appointments in certain Tribunals requiring immediate attention .
Madras Bar Association v .UOI ( 2020) 6 SCC 247Finance , Act , 2017
S. 184 : Merger of Tribunals and other Authorities and Conditions of Service of Chairpersons , Members etc – Excessive delegation – Whether Unconstitutional- Courts , Tribunals and Judiciary -Appointment process -Independence of Judiciary [ S.183 , Constitution of India , Art . 124, 214, 216, 226, 323-A ,323-B ]
Rojer Mathew v . South Indian Bank Ltd , Referred by its Chief Manager and Ors ( 2020) 6 SCC 1