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. 10B : Export oriented undertakings-Manufacture or Processing-Marine product-Pasteurized crab meat-Processing and exporting of Crab meat-Remanded to the Assessing Officer to examine the nature of activity. [S. 10B(2)(ii), 10B(2)(iii), 80IB(11A) Special Economic Zone Act, 2005, S. 2(r)]

Philips Foods India Pvt. Ltd. v. ACIT (2021) 430 ITR 199 (Mad.)(HC)

S. 10B : Export oriented undertakings-Manufacture-Conversion of crude ore into iron ore concentrate fines amounts to manufacture-Entitle to benefit. [S. 2(29BA)]

CIT v. Ramacanta Velingkar Minerals (2021) 430 ITR 161/ 277 Taxman 299 (Bom.)(HC)

S. 10B : Export oriented undertakings-Formed not by reconstruction-Entitle to exemption-Enhancement of claim during assessment proceedings-Direction of Tribunal is held to be justified- Deemed dividend-No accumulated profits- Deletion of addition is held to be justified. [S. 2(22)(e), 254(1)]

PCIT v. Jeans Knit Pvt. Ltd. (2021) 430 ITR 476 (Karn.)(HC)

S. 10(10D) : Life insurance policy-Keyman insurance policy-Assignment of policy to employee-Amount received by employee on surrender or encashment taxable as perquisite. [S. 17(2)]

Allu Arvind Babu v .ACIT (NO. 1) (2021) 430 ITR 172/ 277 Taxman 622/ 320 CTR 444 / 200 DTR 169(Mad.)(HC)

S. 10(10) : Gratuity-Increase in ceiling by amendment of payment of Gratuity Act with effect from March 29, 2018-Amendment not violative of provisions of constitution-Provision not applicable with retrospective effect. [S. 10(10)(ii), Payment of Gratuity Act, 1972, S 4(3), Art. 14, 226]

G. Srinivasan v .UOI (2021) 430 ITR 189/197 CTR 1/318 CTR 167 / 279 Taxman 273 (Mad.)(HC)

S. 271(1)(c) : Penalty-Concealment-Show cause notice-Charge not specified-Concealment of income or inaccurate particulars of income-Levy of penalty is not justified-Monetary limit less than 50 lakhs-Appeals of revenue was dismissed. [S. 253, 268A, 274]

ITO v. A. Shihabudeen (2020) 182 ITD 91/79 ITR 280 (Cochin) (Trib.)

S. 254(2A) : Appellate Tribunal-Stay-Cash credits-No case has been made for stay of recovery-Stay application is rejected. [S. 68, 220, 226]

Shantananda Steels (P.) Ltd. v. ITO (2020) 182 ITD 434 / 195 DTR 417/ 208 TTJ 672 (Chennai)(Trib.)

S. 194J : Deduction at source-Fees for professional or technical services-Toll Free Telephone charges-Liable to deduct tax at source. [S. 9(1)(vii)]

Vidal Health Insurance TPA (P.) Ltd. v. JCIT (2020) 182 ITD 30 (Bang.)(Trib.)

S. 194C : Deduction at source-Contractors-Hiring of cab from cab owners-Liable to deduct tax at source-Matter remanded to the Assessing Officer to verify whether the recipients have paid the tax. [S. 40(a)(ia)]

Singonahalli Chikkarevanna Gangadharaiah v. ACIT (2020) 182 ITD 6/195 DTR 303/ 208 TTJ 382 (Bang.)(Trib.)

S. 144C : Reference to dispute resolution panel-Speaking order-Functionally different-Remanded to DRP to pass speaking order. [S. 92C]

Rio Tinto India (P.) Ltd. v. DCIT (2020) 182 ITD 389 (Delhi)(Trib.)