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. 12AA : Procedure for registration –Trust or institution- Registered address- Matter remanded [ S.80G]

Awas Nivas Foundation v. ITO (2020)79 ITR 26 (SN)( Bang) (Trib)

S. 11 : Property held for charitable purposes – Merely because some profit arising from activity — Entitle to exemption . [ S. 11(2) , 12A ]

Shree Mohanananda Samaj Seva Samity v. ITO ( E) (2020)79 ITR 43 (SN) ( Kol) (Trib)

S. 10(37) : Capital gains – Agricultural land – With in specified urban limits – Enhanced compensation – Entitle to exemption [ Land Acquisition Act, 1894, S.28 ]

Sumesh Kumar v. ITO (2020)79 ITR 2 (SN) ( Delhi) (Trib)

S. 10(1) : Agricultural income – Coconut Trees and Mango orchard on land – Income derived is assessable as agricultural income .

Varusai Mohammed Rowther Kazakamal v. ITO (2020)79 ITR 1(SMC) (SN) ( Chennai (Trib)

S. 271E : Penalty – Repayment of loan or deposit -Loans from directors – Reasonable cause – Repayment by demand draft – levy of penalty is not justified .

Sudha Agro Oil and Chemical Industries Ltd. v. Add. CIT (2020) 79 ITR 520 ( Vishakha) (Trib)

S. 263 : Commissioner – Revision of orders prejudicial to revenue – Share application money – Share premium- Merely because assessment order silent, order could not be considered as erroneous and prejudicial to Interests of revenue – Revision order was quashed . [ 56(2)(vii)(b), 68, 143(3] ]

Sunray Cotspin (P.) Ltd. v. PCIT (2020) 79 ITR 193 ( Delhi ) (Trib)

S. 263 : Commissioner – Revision of orders prejudicial to revenue – Merger – Amalgamated Company filing return after merger in its name —Revision upon non-existent entity — Not valid [ S.143(3) ]

Snowhill Agencies P. Ltd. v. PCIT (2020) 79 ITR 176/193 DTR 73/ 206 TTJ 998 ( Ahd) (Trib)

S. 195 :Deduction at source – Non-resident – Taxability in India — Payment to international celebrity appearance at Dubai – Target audience in India, potential customers in India, intended benefits in India — Business connection – Liable to deduct tax at source-DTAA -India -USA [ S. 5(2), 9(1) (i), 115BBA,201 Art.12, 23(3) ]

Volkswagen Finance P. Ltd. v ITO (2020) 79 ITR 447/ 184 ITD 872/ 190 DTR 1/205 TTJ 648 ( Mum) (Trib)

S. 153A : Assessment – Search-Assessment of third person — Sale Of Property — Commission —Addition made without examining the buyer of property is held to be bad in law . [ S.292C ]

Summit Mittal and Madhur Mittal v Dy. CIT (2020) 79 ITR 607 ( Delhi) (Trib)

S. 144 : Best judgment assessment – Low gross profit rate –Ad-hoc addition – No defects in stock statement – Rejection of books of account is held to be not valid [ S.145(3) ]

Panchshil Exim P. Ltd. v. Dy. CIT (2020) 79 ITR 472 ( Rajkot ) (Trib)