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. 143(2) : Assessment – Notice issued beyond period of limitation is held to be not valid .[ S.292BB ]

Manoj Kumar v. ACIT (2020)79 ITR 158 / 195 DTR 105/207 TTJ 48 ( Delhi )(Trib)

S. 92C : Transfer pricing – Arm’s length price — Outstanding sum of invoices akin to loan advanced- Credit of tax deduction at source – Matter remanded .[ S.92B(2) ]

Lotus Labs P. Ltd. v. Dy. CIT (2020)79 ITR 295 (Bang) (Trib)

S. 90 :Double taxation relief –Non resident – Salary and allowances earned in respect of employment rendered in Austria – Entitle to exemption – Non-production of tax residency certificate cannot be a Reason not to grant benefit of DTAA – DTAA- India – Australia [ S.5(2) , 90(4), Art. 15(1) ]

Sreenivasa Reddy Cheemalamarri v. ITO (2020)79 ITR 465(SMC) (Hyd) (Trib)

S. 80IB(10) : Housing projects- Interest on bank deposits – Transfer fee and interest received for delay in payment against flat – Eligible deduction – Net interest can be disallowed .

Satern Griha Nirman P. Ltd. v. ITO (2020) 79 ITR 359 (Kol) (Trib)

S. 80IB: Industrial undertakings – Disallowance of expenses Deduction to be computed taking into account income enhanced. [ S. 37, 80IB(8A) ]

Lotus Labs P. Ltd. v. Dy. CIT (2020)79 ITR 295 (Bang) (Trib)

S. 68 : Cash credits -Tax savings investment – Matter remanded to thee Assessing officer [ S.80C ]

Sanjeeva Reddy Paga v. ITO (2020) 79 ITR 439 (Hyd) (Trib)

S.54F : Capital gains- Investment in a residential house -amount deposited in capital gains accounts scheme before filing of return under section 139(4) – Entitled to exemption.[ S.45 , 139(4) ]

Renu Jain v. ITO (2020)79 ITR 621 / (2021) 186 ITD 175 ( Jaipur) (Trib)

S.43B: Deductions on actual payment – Employees’ State insurance -Evidence not produced – Disallowance justified .

Satern Griha Nirman P. Ltd. v. ITO (2020) 79 ITR 359 (Kol) (Trib)

S. 40A(3) :Expenses or payments not deductible – Cash payments exceeding prescribed limits – Gold purchase – Making cash payments in different dates – Inserting some entries – Complete bills and vouchers not produced – Disallowance is held to be justified . [ R.6DD(J) , 6DD(k) ]

Rajendra Kumar Sahoo v .ACIT (2020)79 ITR 10 / (2021) 186 ITD 483 / 211 TTJ 175/ 200 DTR 165 ( Cuttack ) (Trib)

S. 40(a)(ia): Amounts not deductible – Deduction at source – Exhibitor of film – Payment to distributor on revenue shared basis – Neither Contractual payment nor rent – Not liable to deduct tax at source [S.194C(1) , 201 (1) ]

Sri Parameswari Projects P. Ltd. v. ITO (2020) 79 ITR 529 (SMC) ( Vishakha ) (Trib)