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. 244A : Refunds-Interest on refunds-Interest to be granted till date of grant or credit of refund.

Deposit Insurance and Credit Guarantee Corporation v. Dy.CIT (2024) 116 ITR 34 (SN) (Mum)(Trib)

S. 153D : Assessment-Search-Approval-38 cases-Mechanical approval-Approval letter not mentioning of approval-Additional ground-Admitted-Assessment order is quashed. [S. 132, 153C, 254(1)]

Subodh Agarwal v. Dy. CIT (2024)116 ITR 496 (Lucknow)(Trib)

S.143(3): Assessment-Accrual-Mercantile system of accounting-Professional and technical services-Sale of judgement text-Right to receive income accruing under agreement arising only on satisfaction of conditions stipulated in agreement-Order of CIT(A) deleting the addition is affirmed. [S. 5, 194J]

ACIT v. Suryanarayana Iyer (2024)116 ITR 485/ [2025] 170 taxmann.com 831 (Chennai)(Trib)

S. 143(3): Assessment-Search and seizure-Undisclosed sales-CIT(A) restricted profit element at 8 per Cent of sales-Credit to be given to income surrendered. [S. 132]

ACIT v. Conor Granito P. Ltd. (2024)116 ITR 479/ 159 taxmann.com 1209 (Rajkot)(Trib)

S. 133A : Power of survey-Income from undisclosed sources-Construction of commercial and residential buildings-Director disowning contents of paper found in the course of survey-Addition is deleted. [S. 133(6)]

BKS Galaxy Realtors LLP v. Dy. CIT (2024)116 ITR 175 (Mum)(Trib)

S. 92C : Transfer pricing-Arm’s length price-Avoidance of tax-International transaction-Functional analysis-Re seller-Performing marketing support service-Foreign exchange gains-Other grounds-Matter remanded to Commissioner (Appeals) for Re adjudication. [S. 251]

Dy. CIT v. MSC Software Corporation India P. Ltd.(2023) 146 taxmann.com 273/(2024)116 ITR 684 (Pune)(Trib)

S. 92BA : Transfer pricing-Specified domestic transaction-Arm’s length price-Avoidance of tax-Excluded from definition with effect from 1-4-2017-Omission has retrospective effect-Addition is deleted. [S.40A(2)(b)]

Asiatic Colour Chem Ind. Ltd. v. Jt. CIT (2024)116 ITR 7 (SN)(Ahd)(Trib)

S. 80HHC : Export-Manufacturing and letting out vacuum insulated tanks and related products-Lease rent-Business income-Eligible for deduction-Deduction not to be allowed on profits to extent deduction already allowed under Section 8OIA of the Act.

Inox India Ltd. v. Dy. CIT(2024)116 ITR 53 (SN)/ 169 taxmann.com 118 (Ahd)(Trib)

S. 80G : Donation-Mentioning wrong section code-Error typographical and inadvertent-Remanded to Commissioner (E) to treat application under proper section code-Circular No. 7 Of 2024, Dated 25-4-2024 (2024) 463 ITR 14(St). [S.80G(5), Form No 10B].

Help for Children in Need Foundation v. CIT (E) (2024)116 ITR 83 (SN) (Pune) (Trib)

S. 69C : Unexplained expenditure-Information from Investigation Wing-Purchase transaction is duly explained with supporting evidences-Addition is deleted-Reassessment issue is left open. [S. 147, 148]

Jindal Drugs P. Ltd. v. ACIT (2024)116 ITR 65 (SN)(Mum)(Trib)