S. 12A : Registration-Trust or institution-Charitable purpose-Gujarat Maritime Board-Entitled to exemption. [S. 2(15), 11, 12, 12AA]
CIT(E) v. Gujarat Maritime Board (NO. 2) (2020) 428 ITR 175 (Guj.)(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. 11 : Property held for charitable purposes-Distribution of prasadam without probing in to their caste or creed religion or nationality- Entitle to exemption-Bad debt-Entitle to deduction. [S. 2(15), 36(2), 260A]
DIT(E) v. Iskcon Charities (2020) 428 ITR 479 (Karn.)(HC)S. 11 : Property held for charitable purposes-Claim under wrong head-Due to bonafide mistake-Matter remanded. [S. 11(2), 12AA, 119(2)(b), 139(4A), Art. 226]
St. Thomas Orthodox Syrian Church v. CIT(E) (2020) 428 ITR 30 / 312 CTR 430 / 185 DTR 326 (Bom.)(HC)S. 11 : Property held for charitable purposes-Charitable purpose- Statutory corporation constituted by State Government with charitable objects-Entitled to exemption- Fees collected for objects is held to be not taxable -Entitled to depreciation-Contribution to pension fund is held to be deductible. [S. 2(15), 32, 36(1)(vi)]
CIT(E) v. Gujarat Maritime Board (No.3) (2020) 428 ITR 177 (Guj.)(HC)S. 10AA : Special economic zones-Manufacture-Activity of sieving to separate dust particles. [Special Economic Zones Act, 2005. S. 2(r)]
CIT v. Vetrivel Minerals (2020) 428 ITR 75/ 274 Taxman 405/ 196 DTR 469 (Mad.)(HC)S. 10A : Free trade zone-On back office work and preparation of applications for patent in U. S. A.-Entitle to exemption.
CIT. v. Narendra R. Thappetta (2020) 428 ITR 485 / 275 Taxman 40/ 204 DTR 249 (Karn.)(HC)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10(23C) : Educational Institution-Surplus utilized for educational purposes-Entitled to exemption-Revenue should have withdrawn the petition when identical issue was decided in favour of assessee in earlier year.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)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)