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. 10(46) : Body or Authority-Specified income-Standardized manner prescribed by Central Board of Direct Taxes-Directed to file fresh application. [Art. 226]

Assam Building and other Construction Workers Welfare Board v. UOI (2021) 438 ITR 14 / 205 DTR 106 / 322 CTR 436/ 283 Taxman 211 (Gauhati)(HC)

S. 10(26B) : Income of Body Corporation established or wholly financed by Central or State Government for promoting interests of Scheduled castes or Scheduled Tribes-Government of India owned company in Lakshadweep Union Territory-Entitle for exemption. [S. 10, Companies Act, 1956]

PCIT v. Lakshadweep Development Corporation Ltd. (2021) 438 ITR 342 / 323 CTR 818/ 208 DTR 59 /(2022) 285 Taxman 291 (Ker.)(HC)

S. 10(23C) : Educational institution-Diverting funds to another institution which was not existing solely for educational purposes-Not entitle for exemption. [S. 10 (23C(vi)]

St. Francis Convent School v. CBDT (2021) 130 taxmann.com 78 (P& H)(HC) Editorial : SLP of assessee was dismissed, St. Francis Convent School v. CBDT (2021) 282 Taxman 313 (SC)

S. 10(23C) : Educational institution-Institution must exist solely for philanthropic purposes-Receipts from in-patient department was distributed across board for doctors-Denial of exemption was held to be justified. [S. 10(23C)(via), Art. 226]

Ashwini Sahakari Rugnalaya and Research Centre v. CCIT (2021) 438 ITR 192/206 DTR 201/ 322 CTR 753 / 284 Taxman 16 (SC)Editorial: Review petition of assessee dismissed , Ashwini Sahakari Rugnalaya and Research Centre v. CCIT (2022) 286 Taxman 563 (SC)

S. 10(10C) : Public sector companies-Voluntary retirement scheme-Compensation-Not liable to deduct tax at source-Winding up of Government company-Rehabilitating its employees, monetary benefits under special package scheme-Entitle for exemption. [S. 10(10B), 192, Art. 226]

CIT (TDS) v. Hindustan Photo Film Workers Welfare Centre (CITU) (2021) 282 Taxman 186/ 207 DTR 253/ 323 CTR 707 /(2022)441 ITR 661 (Mad.)(HC) Editorial : Order of single judge was affirmed, Hindustan Photo Film Workers `Welfare Centre (CITU) (2017) 249 Taxman 204 /151 DTR 185 / (2018) 400 ITR 299 (Mad.)(HC)

S. 10(10) : Gratuity-Commencement date-Payment of Gratuity (Amendment) Act, 2010, Notification dt. 24-5-2010-No retrospective effect-Deduction of tax at source. [Payment of Gratuity Act, 1972, S. 4(5)]

Krishna Gopal Tiwary v. UOI (2021) 282 Taxman 274 / 204 DTR 433 / 322 CTR 1 (SC)

S. 9(1)(vi) : Income deemed to accrue or arise in India-Royalty-Sale of telecom equipment’s i.e. mobile handsets-Supply of articles or goods-Not taxable as royalty-DTAA-India-China. [S. 9(1)(i), Art, 12]

CIT(IT) v. ZTE Corporation (2021) 130 taxmann.com 128 (Delhi) (HC) Editorial : SLP of revenue dismissed, CIT(IT) v. ZTE Corporation (2021) 282 Taxman 304 (SC)/ Review petition is dismissed, CIT (IT) v. ZTE Corporation (2024) 296 Taxman 571 (SC)

S. 4 : Charge of income-tax-Carbon credit-Business of generation of electricity-Capital receipts-Not taxable. [S. 28(i)]

CIT v. Tamil Nadu Newsprint & Papers Ltd. (2021) 282 Taxman 350 (Mad.)(HC)

S. 4 : Charge of income-tax-Real income-Mere receipt is not sufficient-Subsidiary of a Government Company-Money belongs to central Government-Not assessable as income. [S. 2(24)]

Brahmos Aerospace Thiruvananthapuram Ltd. v. ACIT (2021) 438 ITR 91/ 208 DTR 185/ 323 CTR 922 (Ker.)(HC)

S. 2(22)(e) : Deemed dividend-Commercial transaction-personal properties as collateral to bank borrowings-Amount received as advance for purchasing property-Not assessable as deemed dividend.

CIT v. N.S. Narendra (2021) 282 Taxman 198 (Karn.)(HC)