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. 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)