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S. 13(2): Enforcement of security interest – Recovery of Dues – Priority of debtor – The charge of secured creditor would have priority over Government dues under the Income- Tax Act. [ S. 3. 13(4),34(1), 35 , ITACT, S. 226 , Art , 226 ]
Edelweiss Asset Reconstruction Co. Ltd. v. TRO ( Bom)(HC) (UR)S. 276C : Offences and prosecutions-Wilful attempt to evade tax-No evidence that transactions resulted in liability to tax, interest or penalty-Prosecution not valid-Special Court gets jurisdiction only on complaint by competent Authority it cannot take Special cognizance of Offences. [S. 132, 280B, 280D, Code of Criminal Procedure, 1973, S. 200, 245]
ITO v. D. K. Shivakumar (2021) 434 ITR 367 / 200 DTR 273 / 320 CTR 182 (Karn.)(HC).Editorial: Notice issued in SLP filed by Revenue , ITO v.D. K. Shivakumar( 2023) 290 Taxman 106 ( SC)S. 264 : Commissioner-Revision of other orders-Appeal filed after expiry of time limit-Revision application is held to be valid. [S. 143(1)(a), 246A, 264(4), Art. 226]
Aafreen Fatima Fazal Abbas Sayed v. ACIT (2021) 434 ITR 504 / 202 DTR 1/ 280 Taxman 429 / 321 CTR 583(Bom.)(HC)S. 254(2) : Appellate Tribunal-Rectification of mistake apparent from the record-Jurisdiction limited to correcting error apparent on face of record-Tribunal cannot review its earlier order or rectify error of law or reappreciate facts. [S. 253, 254(1), 260A]
Vrundavan Ginning and Oil Mill v. Assistant Registrar (2021) 434 ITR 583/ 205 DTR 46 / 323 CTR 1067/ ( 2020) 284 Taxman 410 (Guj.)(HC)S. 254(2) : Appellate Tribunal-Rectification of mistake apparent from the record-Contradiction in earlier order-No error apparent on record-Tribunal wrongly recalled the order-Failure by Tribunal to consider applicability of explanation to Section 271(1) (c)-Rectification is held to be not valid. [S. 271(1)(c)]
P.T. Manuel and Sons v. CIT (2021) 434 ITR 416 (Ker.)(HC)S. 254(2) : Appellate Tribunal-Rectification of mistake apparent from the record-Limitation-Actual date of receipt of order of Tribunal. [S. 253, 268]
Anil Kumar Nevatia v. ITO (2021) 434 ITR 261 / 203 DTR 92 / 278 Taxman 235/ 321 CTR 368 (Cal.)(HC)S. 254(1) : Appellate Tribunal-Power-Order of remand case is not valid-Remand without considering additional grounds is held to be not valid.
Ratanchand Manoharmal v. ITO (2021) 434 ITR 573/ 281 Taxman 513 (Mad.)(HC)S. 254(1) : Appellate Tribunal-Duties-Telescoping of expenses-Benefit of matching principle-Appeal of revenue-Contention not considered by Tribunal-Matter remanded to Tribunal. [S. 40A(3) 132, 153A, 253]
H. Nagaraja v. ACIT (2021) 434 ITR 97 (Karn.)(HC)S. 245R : Advance rulings-Questions raised in application pending before Income-Tax Authority for different years-Application not maintainable. [S. 245R(2)]
XYZ INC In re. (2021)434 ITR 49 / 200 DTR 17 / 320 CTR 270 (AAR)S. 245R : Advance rulings-Applicant is not found to be real owner of the transactions-Transactions were designed prima facie for avoidance of tax.-Application is rejected-DTAA-India-Israel. [S. 9(1)(i), 9(1)(vi), 9(1)(vii), 245N(a)(ii), 245R(2)]
BP Israel, In re (2021) 434 ITR 283 (AAR)